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The Role of Household Consumption in Relationship Between Economic Growth and Foreign Direct Investment in Bulgaria Economic Alternatives
year
2019
Issue
1

The Role of Household Consumption in Relationship Between Economic Growth and Foreign Direct Investment in Bulgaria

Author: Anika Petkova

Abstract

The aim of the article is to identify the role of household consumption and the import of consumption goods as transmission channels between GDP growth and foreign direct investment (FDI) in Bulgaria during the period between 1999 and 2015. The investigation carried out using descriptive and econometric analysis illustrates strong short and longrun causal relationships among variables and confirms significant effect of household consumption and FDI on economic growth. 

Keywords

economic growth, household consumption, import of consumption goods, transmission channels
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