Suchergebnisse

In the MA the direct foreign incvestment in Lithuania and the factors influencing them will be analysed. The MA consists of introduction, three chapters including the sub-chapters, conclusion and recommendations. The first chapter includes explicit direct foreign investment investigation (DFI). Following the resources of Lithuanian and foreign scientific writings, the theoretical part of the work, the analyses and discussion of the direct foregn ivestment, its concept and classification is being presented as well as strategies of DFI. The factors of the direct foreign investment into the country are being theoretically proven. The second chapter deals with the applied aspect of the DFI methodology as being presented, and supported. The aspects of the factors of attractiveness to the investors in Lithuania are being analysed. Based on the data of the Department of Statistics of the Republic of Lithuania the direct foreign investment analyses from the retrospective is being presented. The absoliute, percentage index increase and reduce and relative changes are being calculated. Applying the correlation-regressive analyses the link between the direct foreign investment and the gross NATIONAL product (GDP), inflation, scientific research and expremental developement (SRED), the level of unimployment, costs, qualified work labour and economic freesom index is being etablished. The strongest correlation link is being estabshished among the DFI and GDP, costs between the SRED and GDP opness index. The increse in the GDP indicates the growth of the economics in the country which is the key element to repsent the county. The DFI is being involved creating the new job places and increase of the level of the standart of living, the increase of the GDP attracts the higher investment of the DFI. The scientific sources innumerate the SRED as one of the preconditions of the correlation of the analyses of the product and the DFI supports the hypothesis and the conclusion that the more the country invests into the scientific research and develoment of the tecnological background, the better, thus, it is very possible to increase the direct foreign investment (DFI). The calculations being made supports the idea of the importance of the openess of the trade. The index of Lithuanian foreign trade openess has a significant influence on the flows of of DFI in the state and the close links between the direct foreign investment and the index of openess has been established. The third part discusses the economic indicators with the strongest correlation with the direct foreign investment, predicted evaluations and future perspectives. The conclusions are presented at the end of the work.

This paper provides analysis of the determinants that have the biggest influence on differences in foreign direct investment stocks between Lithuania and Estonia and the main objective of the master thesis is to identify the factors that allow Estonia to attract higher FDI flows than Lithuania throughout the post-Soviet period until these days despite a similar historical past and economic situation of both states or the time of the accession to the EU. Through the course of the paper academic literature on foreign direct investment (FDI) determinants in other EU countries, positive or negative impacts that the investment flows may have on the economy of the host country and researches that are related to FDI flows in these two Baltic States are examined. The following hypotheses are examined in order to identify the possible causes of differences in FDI stocks between Lithuania and Estonia. Differences in FDI flows in Lithuania and Estonia are related to different privatization policies in the post-Soviet period; the earlier time of Estonia's accession to the euro area; higher quality infrastructure in Estonia; higher political stability and institutional quality in Estonia; lower labour cost and higher employees knowledge in Estonia; more competitive Estonian tax system; more favourable legal environment in Estonia; lower level of corruption in Estonia. Empirical research is divided into two complementary parts – regression analysis and qualitative survey – that allows to ensure reliability and validity of a study and to test a wider range of independent variables. The results suggest that different privatization policies in the post-Soviet period, higher quality infrastructure, higher institutional quality and political stability and lower level of corruption in Estonia significantly determine the differences of FDI stocks between Lithuania and Estonia, whereas labour cost, employees knowledge, legal environment, the earlier time of Estonia's accession to the euro area and zero tax rates on reinvested profits implemented by Estonia are not statistically significant variables. The main suggestions for Lithuania are to develop foreign direct investment agencies, to ensure that the employees of the Ministry of Economy and Innovation of Lithuania and members of the Seimas join the FDI attracting process, to review the expansion of flight directions. Besides revealing the key determinants that have the greatest influence on differences in foreign direct investment stocks between Lithuania and Estonia, this paper proposes a direction for future researches. The impact of new flight directions from Lithuania's airports has not been analysed in this paper due to the short period of their application, so comprehensive analysis is required to fill this gap in academic literature.

This paper provides analysis of the determinants that have the biggest influence on differences in foreign direct investment stocks between Lithuania and Estonia and the main objective of the master thesis is to identify the factors that allow Estonia to attract higher FDI flows than Lithuania throughout the post-Soviet period until these days despite a similar historical past and economic situation of both states or the time of the accession to the EU. Through the course of the paper academic literature on foreign direct investment (FDI) determinants in other EU countries, positive or negative impacts that the investment flows may have on the economy of the host country and researches that are related to FDI flows in these two Baltic States are examined. The following hypotheses are examined in order to identify the possible causes of differences in FDI stocks between Lithuania and Estonia. Differences in FDI flows in Lithuania and Estonia are related to different privatization policies in the post-Soviet period; the earlier time of Estonia's accession to the euro area; higher quality infrastructure in Estonia; higher political stability and institutional quality in Estonia; lower labour cost and higher employees knowledge in Estonia; more competitive Estonian tax system; more favourable legal environment in Estonia; lower level of corruption in Estonia. Empirical research is divided into two complementary parts – regression analysis and qualitative survey – that allows to ensure reliability and validity of a study and to test a wider range of independent variables. The results suggest that different privatization policies in the post-Soviet period, higher quality infrastructure, higher institutional quality and political stability and lower level of corruption in Estonia significantly determine the differences of FDI stocks between Lithuania and Estonia, whereas labour cost, employees knowledge, legal environment, the earlier time of Estonia's accession to the euro area and zero tax rates on reinvested profits implemented by Estonia are not statistically significant variables. The main suggestions for Lithuania are to develop foreign direct investment agencies, to ensure that the employees of the Ministry of Economy and Innovation of Lithuania and members of the Seimas join the FDI attracting process, to review the expansion of flight directions. Besides revealing the key determinants that have the greatest influence on differences in foreign direct investment stocks between Lithuania and Estonia, this paper proposes a direction for future researches. The impact of new flight directions from Lithuania's airports has not been analysed in this paper due to the short period of their application, so comprehensive analysis is required to fill this gap in academic literature.

This paper provides analysis of the determinants that have the biggest influence on differences in foreign direct investment stocks between Lithuania and Estonia and the main objective of the master thesis is to identify the factors that allow Estonia to attract higher FDI flows than Lithuania throughout the post-Soviet period until these days despite a similar historical past and economic situation of both states or the time of the accession to the EU. Through the course of the paper academic literature on foreign direct investment (FDI) determinants in other EU countries, positive or negative impacts that the investment flows may have on the economy of the host country and researches that are related to FDI flows in these two Baltic States are examined. The following hypotheses are examined in order to identify the possible causes of differences in FDI stocks between Lithuania and Estonia. Differences in FDI flows in Lithuania and Estonia are related to different privatization policies in the post-Soviet period; the earlier time of Estonia's accession to the euro area; higher quality infrastructure in Estonia; higher political stability and institutional quality in Estonia; lower labour cost and higher employees knowledge in Estonia; more competitive Estonian tax system; more favourable legal environment in Estonia; lower level of corruption in Estonia. Empirical research is divided into two complementary parts – regression analysis and qualitative survey – that allows to ensure reliability and validity of a study and to test a wider range of independent variables. The results suggest that different privatization policies in the post-Soviet period, higher quality infrastructure, higher institutional quality and political stability and lower level of corruption in Estonia significantly determine the differences of FDI stocks between Lithuania and Estonia, whereas labour cost, employees knowledge, legal environment, the earlier time of Estonia's accession to the euro area and zero tax rates on reinvested profits implemented by Estonia are not statistically significant variables. The main suggestions for Lithuania are to develop foreign direct investment agencies, to ensure that the employees of the Ministry of Economy and Innovation of Lithuania and members of the Seimas join the FDI attracting process, to review the expansion of flight directions. Besides revealing the key determinants that have the greatest influence on differences in foreign direct investment stocks between Lithuania and Estonia, this paper proposes a direction for future researches. The impact of new flight directions from Lithuania's airports has not been analysed in this paper due to the short period of their application, so comprehensive analysis is required to fill this gap in academic literature.

This paper provides analysis of the determinants that have the biggest influence on differences in foreign direct investment stocks between Lithuania and Estonia and the main objective of the master thesis is to identify the factors that allow Estonia to attract higher FDI flows than Lithuania throughout the post-Soviet period until these days despite a similar historical past and economic situation of both states or the time of the accession to the EU. Through the course of the paper academic literature on foreign direct investment (FDI) determinants in other EU countries, positive or negative impacts that the investment flows may have on the economy of the host country and researches that are related to FDI flows in these two Baltic States are examined. The following hypotheses are examined in order to identify the possible causes of differences in FDI stocks between Lithuania and Estonia. Differences in FDI flows in Lithuania and Estonia are related to different privatization policies in the post-Soviet period; the earlier time of Estonia's accession to the euro area; higher quality infrastructure in Estonia; higher political stability and institutional quality in Estonia; lower labour cost and higher employees knowledge in Estonia; more competitive Estonian tax system; more favourable legal environment in Estonia; lower level of corruption in Estonia. Empirical research is divided into two complementary parts – regression analysis and qualitative survey – that allows to ensure reliability and validity of a study and to test a wider range of independent variables. The results suggest that different privatization policies in the post-Soviet period, higher quality infrastructure, higher institutional quality and political stability and lower level of corruption in Estonia significantly determine the differences of FDI stocks between Lithuania and Estonia, whereas labour cost, employees knowledge, legal environment, the earlier time of Estonia's accession to the euro area and zero tax rates on reinvested profits implemented by Estonia are not statistically significant variables. The main suggestions for Lithuania are to develop foreign direct investment agencies, to ensure that the employees of the Ministry of Economy and Innovation of Lithuania and members of the Seimas join the FDI attracting process, to review the expansion of flight directions. Besides revealing the key determinants that have the greatest influence on differences in foreign direct investment stocks between Lithuania and Estonia, this paper proposes a direction for future researches. The impact of new flight directions from Lithuania's airports has not been analysed in this paper due to the short period of their application, so comprehensive analysis is required to fill this gap in academic literature.

The influence of infrastructure for country's economic growth is being examined in numerous foreign and Lithuanian sources. However, the research conducted by foreign scientists show significant influence of the country's infrastructure stimulating/attracting FDI and increasing the competiveness of the country. Adequate infrastructure should improve the investment climate of the country by attracting FDI. FDI plays an important role in dynamic economic growth of the country. The majority of questions under investigation associated with FDI are classical, i.e. the comparable size of the market, the size of the country, the economic openness of the country, the political stability of the country, etc. However, the factor of infrastructure as a variable, while analysing FDI flows, is encountered more and more often in the analysis of foreign scientists. This paper is aimed at assessing the impact of the country's infrastructure for FDI flows in the Baltic states. The object of the paper: the infrastructures and FDI of the Baltic states. The objectives of the paper: • To define the concept of infrastructure, single out the sectors, and identify its characteristics after conducting the empirical analysis of the literature. • To analyse the importance of infrastructure in the economical growth of the country, its competitiveness, and FDI. • To review the research of Lithuanian and foreign scientists on the subject matter. • To analyse the qualitative and quantitative indicators of infrastructure of the Baltic states. • To determine if infrastructure has an impact on FDI in the Baltic states after conducting the statistical regression analysis. The statistical model implied in the paper indicated that the sectors of infrastructure in the Baltic states have strong positive correlation with FDI. However, the implied model has also showed that the sectors of infrastructure in the Baltic states have no value in attracting FDI. Therefore, these countries should focus on other economic variables that affect FDI flows. Master thesis consists of: 61 pages (excluding appendixes), 18 tables, 13 figures, and 13 appendixes. 68 sources of scientific literature and 2 databases were quoted in this paper

The influence of infrastructure for country's economic growth is being examined in numerous foreign and Lithuanian sources. However, the research conducted by foreign scientists show significant influence of the country's infrastructure stimulating/attracting FDI and increasing the competiveness of the country. Adequate infrastructure should improve the investment climate of the country by attracting FDI. FDI plays an important role in dynamic economic growth of the country. The majority of questions under investigation associated with FDI are classical, i.e. the comparable size of the market, the size of the country, the economic openness of the country, the political stability of the country, etc. However, the factor of infrastructure as a variable, while analysing FDI flows, is encountered more and more often in the analysis of foreign scientists. This paper is aimed at assessing the impact of the country's infrastructure for FDI flows in the Baltic states. The object of the paper: the infrastructures and FDI of the Baltic states. The objectives of the paper: • To define the concept of infrastructure, single out the sectors, and identify its characteristics after conducting the empirical analysis of the literature. • To analyse the importance of infrastructure in the economical growth of the country, its competitiveness, and FDI. • To review the research of Lithuanian and foreign scientists on the subject matter. • To analyse the qualitative and quantitative indicators of infrastructure of the Baltic states. • To determine if infrastructure has an impact on FDI in the Baltic states after conducting the statistical regression analysis. The statistical model implied in the paper indicated that the sectors of infrastructure in the Baltic states have strong positive correlation with FDI. However, the implied model has also showed that the sectors of infrastructure in the Baltic states have no value in attracting FDI. Therefore, these countries should focus on other economic variables that affect FDI flows. Master thesis consists of: 61 pages (excluding appendixes), 18 tables, 13 figures, and 13 appendixes. 68 sources of scientific literature and 2 databases were quoted in this paper

Process of globalization is rapidly expanding international co-operation, more intense competition between them, thus blurring the free movement of capital barriers. Globalization processes in the context of foreign direct investment (FDI), particularly important for developing economies and is becoming one of the most important economic integration into the global market indices. It should be noted that FDI in many scientists recognized as one of the most important economic factor in the development of the country. However, it is clear that the globalization era, highlighted the importance of sustainable development, as international cooperation and competition, free movement of capital reflects a mixed effect in the context of sustainability. The paper emphasizes that FDI has a positive indirect impact on the socio-economic and environmental development of the country within a knowledge-based society and the practical application of new knowledge management processes, which can become a sustainable development strategy is needed. This is a very important factor in developing the country's integration into the European Union and the global market for information society and sustainable development as a tool in promoting the formation of the country is relevant for the task. For the purposes of scientific literature analysis and synthesis, this paper provides an integrated FDI and knowledge-based society interface in the context of sustainable development model.

Process of globalization is rapidly expanding international co-operation, more intense competition between them, thus blurring the free movement of capital barriers. Globalization processes in the context of foreign direct investment (FDI), particularly important for developing economies and is becoming one of the most important economic integration into the global market indices. It should be noted that FDI in many scientists recognized as one of the most important economic factor in the development of the country. However, it is clear that the globalization era, highlighted the importance of sustainable development, as international cooperation and competition, free movement of capital reflects a mixed effect in the context of sustainability. The paper emphasizes that FDI has a positive indirect impact on the socio-economic and environmental development of the country within a knowledge-based society and the practical application of new knowledge management processes, which can become a sustainable development strategy is needed. This is a very important factor in developing the country's integration into the European Union and the global market for information society and sustainable development as a tool in promoting the formation of the country is relevant for the task. For the purposes of scientific literature analysis and synthesis, this paper provides an integrated FDI and knowledge-based society interface in the context of sustainable development model.

Research aim: to evaluate the relationship between labour market regulations and foreign direct investment in the new European Union countries. Research tasks: 1) To overview empirical research on the relationship between labour market regulations and foreign direct investment, to highlight the key areas of evaluation, to summarize the results; 2) To group the new European Union countries into clusters according to two indicators of foreign direct investment: the amount of direct foreign investment and its annual flow; 3) To analyze labour market regulations and identify their relationship with foreign direct investment in the new European Union countries. Research methods: analysis, synthesis, generalization, systemization, statistical data analysis, cluster analysis. Labour market regulations are an important factor attracting foreign direct investment; they may have impact on both labour costs and labour force qualification. Labour market regulations may be viewed as an independent factor that determines foreign direct investment and acts as an additional barrier in hiring and dismissing employees. When the investor has to make a choice between two countries similar in all aspects but different according to labour market regulations, he will opt for the one where labour market regulations are flexible. It is difficult to evaluate labour market regulations because of a lack of statistical data and the system of common indicators; moreover, most indicators are qualitative and cannot be used in the models of quantitative econometrics. It is difficult to perform comparative analysis because different areas are chosen and different indicators are analysed in most empirical research. It is almost impossible to single out one or more common areas of labour market regulations and find any direct or indirect link with foreign direct investment. [.]

Research aim: to evaluate the relationship between labour market regulations and foreign direct investment in the new European Union countries. Research tasks: 1) To overview empirical research on the relationship between labour market regulations and foreign direct investment, to highlight the key areas of evaluation, to summarize the results; 2) To group the new European Union countries into clusters according to two indicators of foreign direct investment: the amount of direct foreign investment and its annual flow; 3) To analyze labour market regulations and identify their relationship with foreign direct investment in the new European Union countries. Research methods: analysis, synthesis, generalization, systemization, statistical data analysis, cluster analysis. Labour market regulations are an important factor attracting foreign direct investment; they may have impact on both labour costs and labour force qualification. Labour market regulations may be viewed as an independent factor that determines foreign direct investment and acts as an additional barrier in hiring and dismissing employees. When the investor has to make a choice between two countries similar in all aspects but different according to labour market regulations, he will opt for the one where labour market regulations are flexible. It is difficult to evaluate labour market regulations because of a lack of statistical data and the system of common indicators; moreover, most indicators are qualitative and cannot be used in the models of quantitative econometrics. It is difficult to perform comparative analysis because different areas are chosen and different indicators are analysed in most empirical research. It is almost impossible to single out one or more common areas of labour market regulations and find any direct or indirect link with foreign direct investment. [.]

The topic of Master's thesis on the financial markets is relevant considering the increasing importance of foreign direct investments (FDI) on the synchronization process of business cycles. The formation of FDI policy can help strengthening the identity of business cycles of the countries of the European Union (EU). Therefore, the basic problem of research is raised – whether the FDI have equal influence on the synchronization of business cycles of the countries of the EU. The object of research is the impact of FDI on the synchronization of business cycles of the countries of the European Union. The goal of this research is to analyze the influence of significance of inter–relations between the FDI and the business cycles of the EU on the synchronization of business cycle considering the exogenic characteristics of countries and the development level of their economics. In order to implement the goal the tasks are raised: to familiarize with the peculiarities of financial integration, which have influence on the development aspect of FDI, to analyze the fluctuations of business cycles and the factors, which have influence on the synchronization of business cycles, to evaluate the impact of FDI on the synchronization of business cycles of countries, to prepare the methodology of research in order to analyze the impact of significance of inter-relations between the FDI and the business cycles of the EU on the synchronization of business cycles considering the exogenic characteristics and the development level of countries, to form the evaluative model of impact of FDI on the synchronization of the countries of the EU and to perform the empirical research, to describe and to explain the results received during the research, to give the recommendations for the succession of research. The methodology of research: the comparative analysis of literature sources, scientific articles, systemization, blocking, interpretation of statistical data and graphical (retrospective), dynamic, logic and regressive – correlative analysis of collected statistical data. In the first stage of research the hypothesis about the exogenic characteristics of the countries of the EU and the impact of development level of their economics on the synchronization of business cycles was checked. In the second stage of research the hypotheses about the impact of significance of inter-relations between the FDI and the business cycles of the European Union on the synchronization of business cycles were checked. The prepared methodology of research permitted to determine that the business cycles of the countries of the EU having equal exogenic characteristics and the development level of economics synchronize; the synchronization peculiarities of business cycles of the EU countries depend on the significance of inter-relations between the foreign direct investments and the business cycles: if the inter–relations between GDP and FDI are significant – the synchronization changes of the EU business cycles are trivial if the business cycles of the EU countries, which inter-relations between GDP and FDI are not significant, synchronize. The model formed in the paper can be applied while evaluating the impact of other actions on the synchronization of business cycles.

The topic of Master's thesis on the financial markets is relevant considering the increasing importance of foreign direct investments (FDI) on the synchronization process of business cycles. The formation of FDI policy can help strengthening the identity of business cycles of the countries of the European Union (EU). Therefore, the basic problem of research is raised – whether the FDI have equal influence on the synchronization of business cycles of the countries of the EU. The object of research is the impact of FDI on the synchronization of business cycles of the countries of the European Union. The goal of this research is to analyze the influence of significance of inter–relations between the FDI and the business cycles of the EU on the synchronization of business cycle considering the exogenic characteristics of countries and the development level of their economics. In order to implement the goal the tasks are raised: to familiarize with the peculiarities of financial integration, which have influence on the development aspect of FDI, to analyze the fluctuations of business cycles and the factors, which have influence on the synchronization of business cycles, to evaluate the impact of FDI on the synchronization of business cycles of countries, to prepare the methodology of research in order to analyze the impact of significance of inter-relations between the FDI and the business cycles of the EU on the synchronization of business cycles considering the exogenic characteristics and the development level of countries, to form the evaluative model of impact of FDI on the synchronization of the countries of the EU and to perform the empirical research, to describe and to explain the results received during the research, to give the recommendations for the succession of research. The methodology of research: the comparative analysis of literature sources, scientific articles, systemization, blocking, interpretation of statistical data and graphical (retrospective), dynamic, logic and regressive – correlative analysis of collected statistical data. In the first stage of research the hypothesis about the exogenic characteristics of the countries of the EU and the impact of development level of their economics on the synchronization of business cycles was checked. In the second stage of research the hypotheses about the impact of significance of inter-relations between the FDI and the business cycles of the European Union on the synchronization of business cycles were checked. The prepared methodology of research permitted to determine that the business cycles of the countries of the EU having equal exogenic characteristics and the development level of economics synchronize; the synchronization peculiarities of business cycles of the EU countries depend on the significance of inter-relations between the foreign direct investments and the business cycles: if the inter–relations between GDP and FDI are significant – the synchronization changes of the EU business cycles are trivial if the business cycles of the EU countries, which inter-relations between GDP and FDI are not significant, synchronize. The model formed in the paper can be applied while evaluating the impact of other actions on the synchronization of business cycles.

This master 's thesis examines the impact of foreign direct investment on economic growth in groups of EU countries. The aim of the study is to analyze the impact of foreign direct investment on economic growth from a theoretical point of view, to create a model for assessing the impact of foreign direct investment on economic growth and to test it in groups of EU countries. The first part of the work, based on the analysis of the scientific literature, defines the concept of economic growth for the country and the need to assess this problem. The concepts of foreign investment and foreign direct investment are discussed, and their significance for the country's economy is theoretically analyzed. The main theories of the country's economic growth and the importance of foreign direct investment in them are analyzed. An overview of empirical studies assessing the impact of foreign direct investment on economic growth is provided. The second part of the work presents a methodology for assessing the impact of foreign direct investment on economic growth. First, the research stages and the theoretical model of empirical evaluation are presented. Next, the sample and period of the investigation are justified. Also, the factors highlighted in the study and the indicators reflecting them are presented, and hypotheses are formulated. In order to assess the impact of foreign direct investment on economic growth, an empirical model was developed, which will allow assessing the impact of these investments on economic growth in the groups of EU countries. The third part of the work deals with the dynamics of foreign direct investment and gross domestic product in 2000-2018, in the groups of EU countries. The final result of this study is presented - an empirical research model, and an assessment of the impact of foreign direct investment on economic growth in the groups of EU countries during the study period is performed. Based on the results of the study, their interpretation and comparison with empirical studies performed by other researchers are performed. The results of the study confirmed that foreign direct investment accumulated in EU countries has a different impact on economic growth in groups of countries with different levels of development. However, it has not been confirmed that foreign direct investment accumulated abroad has a different impact on economic growth in groups of EU countries with different levels of development.

This master 's thesis examines the impact of foreign direct investment on economic growth in groups of EU countries. The aim of the study is to analyze the impact of foreign direct investment on economic growth from a theoretical point of view, to create a model for assessing the impact of foreign direct investment on economic growth and to test it in groups of EU countries. The first part of the work, based on the analysis of the scientific literature, defines the concept of economic growth for the country and the need to assess this problem. The concepts of foreign investment and foreign direct investment are discussed, and their significance for the country's economy is theoretically analyzed. The main theories of the country's economic growth and the importance of foreign direct investment in them are analyzed. An overview of empirical studies assessing the impact of foreign direct investment on economic growth is provided. The second part of the work presents a methodology for assessing the impact of foreign direct investment on economic growth. First, the research stages and the theoretical model of empirical evaluation are presented. Next, the sample and period of the investigation are justified. Also, the factors highlighted in the study and the indicators reflecting them are presented, and hypotheses are formulated. In order to assess the impact of foreign direct investment on economic growth, an empirical model was developed, which will allow assessing the impact of these investments on economic growth in the groups of EU countries. The third part of the work deals with the dynamics of foreign direct investment and gross domestic product in 2000-2018, in the groups of EU countries. The final result of this study is presented - an empirical research model, and an assessment of the impact of foreign direct investment on economic growth in the groups of EU countries during the study period is performed. Based on the results of the study, their interpretation and comparison with empirical studies performed by other researchers are performed. The results of the study confirmed that foreign direct investment accumulated in EU countries has a different impact on economic growth in groups of countries with different levels of development. However, it has not been confirmed that foreign direct investment accumulated abroad has a different impact on economic growth in groups of EU countries with different levels of development.