Relations between the inflow of foreign direct investments and economic indicators in OECD countries

can be illustrated in the case of countries whose economy relies
heavily on the mining sector as this attracts major foreign investment
to them. The aim of the study is to determine whether there is a link
between the inflow of foreign direct investment and the selected
macroeconomic indicators in OECD countries and to identify groups
of countries showing similar characteristics in this context. The
evaluation of the interconnection of selected indicators in this study
was made firstly by examining if there is a link between the examined
macroeconomic indicators (independent variables) and the FDI
inflow (dependent variable). The results showed that an increase in
labour productivity could be reflected in an increase in FDI inflows.
Based on the results obtained, the backward link in relation to labour
productivity was also examined, whether there is a link between the
macroeconomic indicators (independent variables) and the labour
productivity (dependent variable), resulting in that an increase in FDI
inflows could translate into an increase in labour productivity. The
paper also included cluster analysis, the main goal of which was to
determine countries based on the evaluation of labour productivity
and the inflow of foreign direct investment. Four clusters have been
identified, two large ones and two clusters containing individual
countries (Ireland and Luxembourg). All of the V4 countries are
included in one of the large clusters, including the countries which
are characterised by low variability in average labour productivity
and high variability in the average inflow of foreign investment. The
mining industry’s recommendations, conclusions, and implications
are focused mainly on this cluster of countries.