Tag: E01

FOREIGN DIRECT INVESTMENT IN REAL ESTATE IN ALBANIA AND ITS IMPACT ON GDP

Antoneta POLO

Assoc.Prof.,”Eqrem Çabej” University, Gjirokastra, Albania

neta_polo@yahoo.com

Enkela CACA

Assoc. Prof.,”Eqrem Çabej” University, Gjirokastra, Albania

ebabaramo@yahoo.com

Ilirjana ZYBERI

Assoc. Prof.,”Eqrem Çabej” University, Gjirokastra, Albania

izyberi@yahoo.com

Christos Ap. LADIAS

Professor, Regional Science Inquiry Journal, Greece

Ladias@rsijournal.eu

Filipos RUXHO

Faculty of Agribusiness, University of Haxhi Zeka, Peja, Kosovo,

filipos.ruxho@unhz.eu

Abstract

Foreign Direct Investment (FDI) in real estate has played an increasingly significant role in Albania’s economic development, particularly over the past decade. This paper examines the relationship between real estate FDI and Gross Domestic Product (GDP) in Albania over a five-year period, analyzing whether foreign investment in the real estate sector has acted as a driver of economic growth or merely reflected broader macroeconomic trends.

Our empirical findings suggest that  FDI in real estate (RE) has had a positive contribution to GDP growth, particularly through increased urban development and rising property values in key economic centers like Tirana and coastal cities.

This study provides valuable insights for policymakers, emphasizing the need for strategic reforms to enhance the benefits of real estate FDI while mitigating risks associated with speculative activities.

This study, also, contributes to the literature on FDI and economic growth, offering a case-specific analysis of Albania and providing policy recommendations for optimizing the benefits of foreign investments in real estate.

Keywords: Foreign Direct Investment (FDI), Real Estate, Economic Growth, GDP, Albania, Regression Analysis

JEL classification: F21, R 30, E01,

pp. 135-142

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CATALYZING ECONOMIC AND ENVIRONMENTAL INSIGHTS: APPLICATIONS OF IMPLAN’S ENVIRONMENTALLY EXTENDED INPUT-OUTPUT (EEIO) MODELING FOR ENERGY PRODUCTION SCENARIOS

Tuyen PHAM

Assistant Professor of Research, Voinovich School of Leadership and Public Service Ohio University, Athens Ohio, United States of America

tuyen.pham@ohio.edu

G. Jason JOLLEY

Professor of Rural Economic Development, Voinovich School of Leadership and Public Service Ohio University, Athens Ohio, United States of America

jolleyg1@ohio.edu

Paul VALENTINE

Assistant Professor of Instruction, Voinovich School of Leadership and Public Service Ohio University, Athens Ohio, United States of America

valentine@ohio.edu

Joshua C. HALL

Milan Pusker Dean, John Chambers College of Business and Economics West Virginia University, West Virginia, United States of America

Joshua.Hall@mail.wvu.edu

Abstract

In the United States, regional scientists and economists frequently employ IMPLAN, a proprietary input-output (I-O) software, for assessing the economic ramifications of diverse interventions on the local economy. IMPLAN has recently incorporated the Environmental Protection Agency’s (EPA) Environmentally Extended Input-Output (EEIO) modeling as an optional extension within their subscription service. In this paper, we compare coal vs. solar production scenarios in Ohio (a state in the United States) as a case study to illustrate the seamless integration of EEIO modeling with traditional I-O modeling, showcasing its enhanced capabilities for evaluating economic and environmental impacts. In the case of Ohio, we found that the state’s plans to increase solar energy capacity and decrease coal energy capacity have a net positive impact on its economy when considering both economic and environmental aspects.

Keywords: Input-output, coal, solar, environmental impact

JEL classification: C67, R15, E01, P18

pp. 99-106

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