Evaluation of Global Business Services Centers impact on macroeconomic indicators in Central and Eastern Europe countries

Abstract

The scientific problem of the dissertation: what is the Global Business Services Centers (GBSCs) impact on macroeconomic indicators and how to evaluate this impact. The dissertation analyzes changes in the global economy structure driven by the development of foreign direct investment segment – GBSCs. In the light of the fact that GBSCs phenomenon is well known in business community, but is novel in scientific community, dissertation increases scientific exploration level of it. GBSCs as economic phenomenon theoretical reasoning is performed, conceptual framework of GBSCs is presented, increase in GBSCs value and scope is analyzed, interconnectedness between GBSCs and macroeconomic indicators multiplier effect is revealed in the dissertation. GBSCs macroeconomic outcomes evaluation model in Central and Eastern Europe countries incorporating multiplier effects and panel data analysis is presented as a solution for the GBSCs limited measurability and limitations related to it. The results of the dissertation show that labor market indicators are the mostly impacted macroeconomic indicators and multiplier effect evaluation together with panel data analysis enable to reveal more accurate GBSCs impact manifestation.