Investment Matters : The Role and Patterns of Investment in Southeast Europe

The purpose of this note is to provide policy insights to decision makers, academics, and researchers on the trends in investment in Southeast Europe (SEE). A comprehensive assessment of what determines investment is essential to identify, to the e...

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Bibliographic Details
Main Author:	Handjiski, Borko
Format:	Publication
Language:	English
Published:	World Bank 2012
Subjects:	ACCESS TO EXTERNAL FINANCE ACCESS TO FINANCE ACCESS TO SERVICES ADVANCED TECHNOLOGY ADVISORY SERVICE AFFILIATED ORGANIZATIONS AFFORDABILITY AFFORDABILITY OF ACCESS AGRICULTURE AVAILABILITY OF CREDIT AVERAGE PRODUCTIVITY BANK CONSOLIDATION BANKING SECTOR BANKS BUSINESS ACTIVITIES BUSINESS ACTIVITY BUSINESS CLIMATE CAPACITY UTILIZATION CAPITAL ACCUMULATION CAPITAL BASE CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL INVESTMENT CAPITAL MARKET CAPITAL MARKET DEVELOPMENTS CAPITAL MARKETS CAPITAL OUTLAYS CAPITAL STOCK CENTRAL BANKS COMPETITIVENESS CONTINGENT LIABILITIES CONTRIBUTION CORPORATE BOND CORPORATE BOND ISSUES CORRUPTION CREDIT CRUNCH CREDIT GROWTH DEBT DEVELOPING COUNTRIES DOMESTIC BANKS DOMESTIC CAPITAL DOMESTIC CONSUMPTION DOMESTIC INVESTMENT ECONOMETRIC ANALYSIS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC JUSTIFICATION ECONOMIC PERFORMANCE ECONOMIC RESEARCH EDUCATION PROGRAMS EMPLOYEE ENABLING ENVIRONMENT ENTERPRISE PERFORMANCE EXPENDITURES FINANCIAL AFFAIRS FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL OBLIGATIONS FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCING OF INVESTMENT FISCAL CONSTRAINTS FISCAL SUSTAINABILITY FIXED ASSETS FIXED CAPITAL FOREIGN BANKS FOREIGN COMPANIES FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN LOANS FOREIGN OWNERSHIP FUTURE GROWTH GDP GOVERNMENT EXPENDITURE GOVERNMENT POLICIES GROSS FIXED CAPITAL FORMATION GROWTH POTENTIAL HEAVY INVESTMENTS HOST ECONOMIES HOUSEHOLD BORROWING HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT INCOME INFORMATION INFRASTRUCTURE INITIAL CAPITAL INITIAL PUBLIC OFFERING INSURANCE INTERNATIONAL BANK INVENTORY INVESTING INVESTMENT ACTIVITY INVESTMENT BY SECTOR INVESTMENT FLOWS INVESTMENT GROWTH INVESTMENT NEEDS INVESTMENT PATTERNS INVESTMENT PROJECTS INVESTMENT RATES INVESTMENT SPENDING KNOWLEDGE ECONOMY LABOR FORCE LACK OF ACCESS LEGAL FRAMEWORK LEVY LIQUIDITY LIQUIDITY CRISIS LIVING STANDARDS LOCAL BANKS MARGINAL PRODUCTIVITY MARKET CAPITALIZATION MARKET DEEPENING MARKET DEVELOPMENTS MONETARY FUND NATIONAL SAVING NATIONAL SAVINGS NATURAL RESOURCES NEW ENTREPRENEURS OPPORTUNITY COSTS PHYSICAL CAPITAL POLITICAL STABILITY PORTFOLIO PORTFOLIO FLOWS POSITIVE EFFECTS PRIVATE CAPITAL PRIVATE INVESTMENT PRIVATE INVESTMENT RATES PRIVATE INVESTMENTS PRIVATE SAVINGS PRIVATE SECTOR CREDIT PRIVATIZATION PRODUCTION COSTS PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY INCREASES PROFITABILITY PROSPERITY PUBLIC ASSETS PUBLIC FINANCE PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC POLICY PUBLIC SAVINGS PUBLIC SPENDING RAPID GROWTH RATE OF RETURN REAL ESTATE REGULATORY FRAMEWORK REMITTANCE REMITTANCES RETURNS RULE OF LAW SALE SAVINGS SAVINGS RATES SHARE OF INVESTMENT SMALL FARMS SOCIAL SERVICES SPECULATION STATEMENT STATISTICAL DATA STOCK EXCHANGES STOCK MARKET STOCK MARKET CAPITALIZATION STOCK MARKETS SUPPLY CHAINS TELECOMMUNICATIONS TELECOMMUNICATIONS EQUIPMENT TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TOTAL OUTPUT TRADE FINANCE TRADING TRADING COSTS TRANSITION COUNTRIES TRANSITION ECONOMIES TURNOVER UNDERDEVELOPED FINANCIAL SECTOR UNEMPLOYMENT UNEMPLOYMENT RATES UNION VALUABLE VALUE ADDED VENTURE CAPITAL WORTH
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20090210234936 http://hdl.handle.net/10986/2595 http://hdl.handle.net/10986/5920

Description
Summary:	The purpose of this note is to provide policy insights to decision makers, academics, and researchers on the trends in investment in Southeast Europe (SEE). A comprehensive assessment of what determines investment is essential to identify, to the extent needed, policy actions that stimulate it. The report looks more in-depth into private investment trends in SEE, and explores some determinants of private investment, such as: the financing sources for investment, the contribution of Foreign Direct Investment (FDI), and the role of public investment. The selection has been made based on the relative importance and data availability for the SEE economies. Some key determinants of investment such as political stability and business environment have not been included because these are already well covered in the existing literature. Overall, the report aims to assess not only the quantity but also the quality of investment. It should be noted that while (investment in) human capital is equally, if not more, important for economic growth, its role and patterns in SEE are beyond the scope of this report.

Investment Matters : The Role and Patterns of Investment in Southeast Europe

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