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References Andreff, W., 2003: The newly emerging TNCs from economies in transition: a comparison with Third World outward FDI. In: Transnational Corporations, Vol. 12, Issue 2, pp. 73-118. Bank of Russia, 2016a: Russian Federation: Inward Foreign Direct Investment Positions by Geographical Allocation in 2009-2015, available from:, DoA: 15 June 2016. Bank of Russia, 2016b: Russian Federation: Outward Foreign Direct Investment Positions by Geographical Allocation in

References 1. Alfaro, L., Chanda, A., Kalemli-Ozcan, S. and Sayek, S. (2004). “FDI and economic growth: the role of local financial markets”, Journal of International Economics Vol. 64, No. 1, pp. 89-112. 2. Arellano, M. and Bond S. (1991). “Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations”, Review of Economic Studies, Vol. 58, No. 2, pp. 277-297. 3. Assunção, S., Forte, R. and Teixeira, A. A. (2011). “Location determinants of FDI: A literature review”, FEP Working Paper 433. 4. Bengoa, M. and Sanchez

) FDI spillovers on firm survival in Italy: absorptive capacity matters! Journal of Technology Transfer. 39(6), pp.859-897. DOI: 10.1007/s10961-013-9321-z Ghali, S. & Rezgui, S. (2011) FDI Contribution to Technical Efficiency in the Tunisian Manufacturing Sector: Evidence from Micro-panel Data. International Economic Journal. 25(2), pp.319-339. DOI: 10.1080/10168737.2010.504215 Girma, S. (2005) Absorptive Capacity and Productivity Spillovers from FDI : A Threshold Regression. Oxford Bulletin of Economics and Statistics. 67(3), pp.281-306. DOI: 10.1111/j.1468

REFERENCES Barclay, L. A. (2012). Dependent Underdevelopment? Institutional Efficiency and FDI-facilitated Development in the Bauxite Industry of Suriname. Social and Economic Studies, 127–167. CBK. (2018). Central Bank of Kosovo. Time Series. Retrieved from De Schutter, O., Swinnen, J., & Wouters, J. (Eds.). (2012). Foreign direct investment and human development. The law and economics of international investment agreements . London: Routledge. Dunning, J. H. and Lundan, S. M. (2008). Multination

. Another Look at the Instrumental Variable Estimation of Error-Components Models. Journal of Econometrics 68, 29-51. Barrell, R., Holland, D. 1999. Foreign Direct Investment in Central European Manufacturing: Consequences for Enterprise Restructuring and Labor Productivit. Research of NIESR, London. Benáček, V. 2000. Prímé zahraniční investice v České Republice: praxe, teorie a aplikace. Politická ekonomie 1, 7-24. Benáček, V., Víšek, J.Á. 1999. The Determinants of FDI Flows into Czech Manufacturing Industries: Theoretical Background and Empirical Testing. Research of

[2006], “Has Monetary Policy Become More Effective?”, Review of Economics and Statistics, 88, 445-462. 9. Buch C.M., Doepke J. and C. Pierdzioch [2005], “Financial Openness and Business Cycle Volatility”, Journal of International Money and Finance , 24, 744-765. 10. Chenaf-Nicet D. and E. Rougier [2016], “The effect of macroeconomic instability on FDI flows: A gravity estimation of the impact of regional integration in the case of Euro-Mediterranean agreements”, International Economics , 145, 66-91. 11. Cogley T. and T.J. Sargent [2001], “Evolving post-World War II

. (2014). The Interaction Between Tourism and FDI in Real Estate in OECD Countries. Current Issues in Tourism, 17(2), 105-113. Froot, K. A., & Stein, J. C. (1991). Exchange Rates and Foreign Direct Investment: An Imperfect Capital Markets Approach. The Quarterly Journal of Economics, 106(4), 1191-1217. Gotham, K. F. (2006). The Secondary Circuit of Capital Reconsidered: Globalization and the US Real Estate Sector. American Journal of Sociology, 112(1), 231-275. Iwai, N., & Thompson, S. R. (2012). Foreign

References Aaron, C., 1999. The contribution of FDI to poverty alleviation . Paper presented at the FIAS conference in Singapore. . Arabyat, Y. A., 2017. The Impact of Foreign Direct Investment on Poverty Reduction in the Developing Countries. International Finance and Banking, 4 (2), 92-111. Baltagi, B. H., 2005. Econometric Analysis of Panel Data (3rd ed. ed.). New York: John Wiley & Sons Inc. Blomström, M., Kokko, A., and Globerman, S., 2001. The determinants of host country spillovers from

References Abdouli, M. and Hammami, S. (2017), Exploring links between FDI inflows, energy consumption and economic growth: Further evidence from MENA countries , ‘Journal of Economic Development’, 42(1), 95–117. Abidin, I. S. Z., Haseeb, M., Azam, M. and Islam, R. (2015), Foreign direct investment, financial development, international trade and energy consumption: Panel data evidence from selected ASEAN countries , ‘International Journal of Energy Economics and Policy’, 5 (3), 841–850. Amri, F. (2016), The relationship amongst energy consumption, foreign

References Adams, S. (2010). Intellectual property rights and investment climate and FDI in developing countries. International Business Research , 3(3): 201-209. Ahmad, N.A., Asmail, N.W. and Nordin, N. (2015). The impact of infrastructure on foreign direct investment in Malaysia. International Journal of management excellence , 5(1): 584-590. Akpan, U.S., Isihak, S.R., & Asongu, S.A., (2014). “Determinants of Foreign Direct Investment in Fast-Growing Economies: A Study of BRICS and MINT”, African Governance and Development Institute Working Paper No. 14