WHICH DIMENSIONS OF INSTITUTIONAL QUALITY MATTER MORE IN ATTRACTING FDI FLOWS: GREY RELATIONAL ANALYSIS
Journal: TEME
Year: 2022

The purpose of this study is to determine the relationship between individual dimensions of institutional quality and inflows of foreign direct investment (hereinafter: FDI) on a sample of European countries in 2020. In order to investigate this relationship, the data used are from the relevant World Bank databases. Taking into account the heterogeneity of the analyzed countries regarding the development level of the dimensions of institutional quality, cluster analysis is applied to define homo