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International Journal of Economic Practice and Policy
2021, vol. 18, iss. 2, pp. 175-191
Investigating the impact of foreign direct investment and export on the economic growth of the Republic of Serbia
Obradović Jelenaa, Dmitrović Mirjanab, Mitić Petarc ORCID
aNovi Sad School of Business, Novi Sad
bAcademy of Applied Studies Šabac, Šabac
cInstitute of Economic Sciences, Belgrade, Serbia

email: jelena.obradovic.vps@gmail.com
Abstract
Given that foreign direct investment and exports are one of the primary drivers of global economic integration, numerous authors have studied them. According to the findings of numerous empirical research, foreign direct investment and exports have a positive impact on economic growth. However, little research sheds light on this relationship in the Republic of Serbia. Therefore, the objective of this paper is precisely to analyze the relationship between foreign direct investments and exports on the economic growth in Serbia. We use multiple linear regression to examine the relationship between economic growth, foreign direct investment, and exports from 2001 to 2020. According to the results, both foreign direct investments and exports positively impact economic growth in Serbia. The study's findings can be used to design and improve numerous strategies and policies for Serbia's future economic growth and development.
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About

article language: English
document type: Original Scientific Paper
DOI: 10.5937/skolbiz2-35215
received: 12/07/2021
accepted: 24/12/2021
published in SCIndeks: 20/05/2022
peer review method: double-blind
Creative Commons License 4.0

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