Determinants of gross domestic product (GDP) growth with a focus on inward foreign direct investment (FDI): a comparative analysis of bailed-out countries in the aftermath of the European debt crisis (Greece, Ireland and Portugal)

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dc.contributor Aalto University en
dc.contributor Aalto-yliopisto fi
dc.contributor.advisor Rannikko, Heikki
dc.contributor.author Rech Luciano de Oliveira, Igor
dc.date.accessioned 2017-05-11T10:18:26Z
dc.date.available 2017-05-11T10:18:26Z
dc.date.issued 2017
dc.identifier.uri https://aaltodoc.aalto.fi/handle/123456789/26078
dc.description.abstract Objectives The main objectives of this study were: 1) to understand GDP and its components; 2) to identify some of the main variables affecting its performance; 3) to understand FDI and its economic role in the host country; 4) to gauge inward FDI impacts on GDP; 4) to compare the economies of Greece, Ireland and Portugal after 2008, in order to identify determinants of economic success; 5) to propose areas on which macroeconomic policies should focus. Summary This thesis looked into the literature to find variables most commonly connected to GDP performance. Then, the GDPs of Greece, Ireland and Portugal were broken into their components (gross capital formation, total consumption and net exports) to assess which ones were affected in the aftermath of the European Debt Crisis. Next, the impacts of the chosen variables were discussed, with special attention to inward FDI. Conclusions Restrictions to the access to credit affected gross capital formation (GCF) and exports in Greece. Combined with high unemployment rates, these facts were decisive for the Greek economic underperformance. FDI inflows never played a significant role. In Ireland, economic boom was led by the great performance of its exports. FDI inflows might have affected it, but no conclusion was reached. Portugal had an average GDP performance and average indicators of GCF, export performance, labor productivity, innovation, business environment and unemployment. Its highest FDI inflows concurred with the worst performance of its GDP. en
dc.format.extent 41
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.title Determinants of gross domestic product (GDP) growth with a focus on inward foreign direct investment (FDI): a comparative analysis of bailed-out countries in the aftermath of the European debt crisis (Greece, Ireland and Portugal) en
dc.type G1 Kandidaatintyö fi
dc.contributor.school Kauppakorkeakoulu fi
dc.contributor.school School of Business en
dc.contributor.department Mikkelin kampus fi
dc.subject.keyword gross domestic product (GDP) en
dc.subject.keyword foreign direct investment (FDI) en
dc.subject.keyword gross capital formation (GCF) en
dc.subject.keyword balance of trade (BOT) en
dc.subject.keyword exports en
dc.subject.keyword comparative analysis en
dc.subject.keyword Greece en
dc.subject.keyword Ireland en
dc.identifier.urn URN:NBN:fi:aalto-201705114514
dc.type.ontasot Bachelor's thesis en
dc.type.ontasot Kandidaatintyö fi
dc.programme (Mikkeli) Bachelor’s Program in International Business en


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