Global Competitiveness Indicators as a Determinant of Brownfield Investments in Serbia: Generalized Linear Model

Abstract

This paper studies the effect of global competitiveness indicators on attracting brownfield investment (BI) in Serbia. It analyzes cross-section data in the time period from 2007 to 2013. It applies the econometrical technique called Generalized Linear Model and measures the effect of global competitiveness indicators on attracting foreign investment in brownfield sites in Serbia. Our research has shown that global competitiveness indicators such as Gross domestic product, Quality of overall infrastructure, Effect of taxation on incentives to invest, Availability and quality of information and Legislation are statistically significant.