Foreign direct investments as a driver of export competitiveness in Serbia’s raspberry sector

Radosavljević, Katica and Kuzman, Boris and Pătărlăgeanu, Simona Roxana (2025) Foreign direct investments as a driver of export competitiveness in Serbia’s raspberry sector. International Review, 3-4. pp. 13-27. ISSN 2217-9739

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Abstract

The research examines the impact of foreign direct investment inflows, as well as the production and exports of raspberries by Serbia’s main competitors, Poland and Chile, on Serbian raspberry exports. A multiple linear regression econometric model was applied, based on an annual time series for the period 1995–2023, and estimated using the ordinary least squares (OLS) method with the Newey–West correction. The findings indicate that foreign capital significantly enhances Serbian raspberry exports, while development aid has a weaker effect. The six-equation model facilitates forecasting raspberry production and market placement in Serbia, Poland, Chile, and other raspberry-producing and raspberry-exporting countries.

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