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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Main Author: Handjiski, Borko
Format: Publication
Language:English
Published: World Bank 2012
Subjects:
GDP
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
id okr-10986-5920
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic 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
spellingShingle 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
Handjiski, Borko
Investment Matters : The Role and Patterns of Investment in Southeast Europe
geographic_facet Europe and Central Asia
Southeastern Europe
relation World Bank Working Paper ; no. 159
description 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.
format Publications & Research :: Publication
author Handjiski, Borko
author_facet Handjiski, Borko
author_sort Handjiski, Borko
title Investment Matters : The Role and Patterns of Investment in Southeast Europe
title_short Investment Matters : The Role and Patterns of Investment in Southeast Europe
title_full Investment Matters : The Role and Patterns of Investment in Southeast Europe
title_fullStr Investment Matters : The Role and Patterns of Investment in Southeast Europe
title_full_unstemmed Investment Matters : The Role and Patterns of Investment in Southeast Europe
title_sort investment matters : the role and patterns of investment in southeast europe
publisher World Bank
publishDate 2012
url 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
_version_ 1764396773832392704
spelling okr-10986-59202021-04-23T14:02:24Z Investment Matters : The Role and Patterns of Investment in Southeast Europe Handjiski, Borko 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 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. 2012-03-19T10:02:37Z 2012-04-04T07:43:53Z 2012-03-19T10:02:37Z 2012-04-04T07:43:53Z 2009 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 978-0-8213-7861-8 http://hdl.handle.net/10986/2595 http://hdl.handle.net/10986/5920 English World Bank Working Paper ; no. 159 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication Europe and Central Asia Southeastern Europe