The Quality of Governance and Its Impact on FDI Inflows. A Comparative Study of EU Member States
Journal: Comparative Economic Research Central and Eastern Europe
Year: 2023

The principal goal of the article is to assess the quality of governance (QG) in the EU–28 over the period 2004–2020. It also examines the relationship between QG and FDI inward stock as a % of GDP. The study has been divided into five stages. The first one, based on the Worldwide Governance Indicators (WGI), attempts to identify countries that represent similar levels of institutional quality. Based on this criterion and using clustering methods, we divided the EU Member States into four groups