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Off-shoring’s Impact on Economic Growth of Developing Countries in Central and Eastern Europe.
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Economics.
2011 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

This paper investigates the impact of the increased off-shoring in business and manufacturing to Central and Eastern Europe (CEE). Since the off-shoring process is a relatively new activity, there is no precise definition of how to measure its direct impact on a country’s economy. Thus the study is dedicated to identify the main economic factors associated with off-shoring and to examine their impact on the economic growth. The study has used a dataset on economic characteristics for 9 CEE countries (Estonia, Latvia, Lithuania, Poland, Czech Republic, Hungary, Romania, Slovenia, Croatia) during the time period of 2000 - 2008. After applying fixed and random effects econometric model to the panel data for 9 countries, empirical results showed that FDI inflows that enter the country with offshoring processes have a positive influence on the GDP of those countries. Additionally, exports of manufactured products and ICT services are also shown to have a positive influence on GDP. At the same time, indigenous investments and private consumption do have a stronger impact on economic growth compared to foreign direct investments and exports, respectively.

Place, publisher, year, edition, pages
2011. , 47 p.
Keyword [en]
Key words: off-shoring, Central and Eastern Europe, foreign direct investment, export, total factor productivity
National Category
Civil Engineering
URN: urn:nbn:se:kth:diva-77099OAI: diva2:491490
Subject / course
Economics of Innovation and Growth
Educational program
Degree of Master - Economics of Innovation and Growth
Available from: 2012-02-17 Created: 2012-02-06 Last updated: 2012-02-17Bibliographically approved

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