Η επίδραση του θεσμικού περιβάλλοντος στις άμεσες ξένες επενδύσεις

Μωραΐτης, Αθανάσιος

The impact of the institutional environment on foreign direct investment

Master Thesis

Author

Μωραΐτης, Αθανάσιος

Date

2025-09

Abstract

Foreign Direct Investment (FDI) is a key driver of economic growth, fostering the transfer of capital, innovation and technological know-how. Its attractiveness depends not only on economic factors but also on the institutional characteristics of each host country. This thesis investigates the relationship between institutional quality and FDI in four European Union countries: Bulgaria, Germany, Greece, and Ireland, over the period 2004–2023. The objective is to investigate the extent to which institutions affect the attractiveness of an economy to foreign investors, and how this effect varies depending on the level of institutional maturity in each country. The study combines theoretical analysis with empirical investigation. The first chapter presents the concepts, types, and main theoretical approaches to FDI. The second chapter analyzes the institutional framework, the characteristics, and the quality of institutions, with particular emphasis on the World Bank’s Worldwide Governance Indicators (WGI), which capture key dimensions such as Voice and Accountability, Political Stability, Government Effectiveness, Regulatory Quality, Rule of Law, and Control of Corruption. The third chapter discusses theoretical approaches that incorporate the institutional dimension and link institutional quality to FDI attraction. Finally, the fourth chapter presents the empirical analysis, investigating the relationship between governance indicators and FDI inflows using the EViews statistical software.

Postgraduate Studies Programme

Οικονομική και Επιχειρησιακή Στρατηγική

Department

Σχολή Οικονομικών, Επιχειρηματικών και Διεθνών Σπουδών. Τμήμα Οικονομικής Επιστήμης

Number of pages

Language

Greek

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/18849

Collections

Τμήμα Οικονομικής Επιστήμης

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Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα