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Determinants of FDI in Czech Manufacturing Industries between 2000-2006

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Abstract

The Czech Republic has been a successful recipient of foreign direct investment over recent years. Therefore, it is important to understand the decisions made by foreign investors where to place their investments and how to decide about their location between alternative industries. The aim of this paper is to _nd and estimate an econometric model describing the determinants of foreign direct investment (FDI) in manufacturing industry of the CR between 2000-2006. Our model includes several basic economic variables (for example labor, physical capital, R&D, pro_ts per labor. Together with simple techniques of estimation (OLS, _xed e_ects) we used generalized method of moments (GMM). As an additional technique we used also least trimmed squares estimator (LTS) as a diagnostic tool for the heterogeneous pattern of data.

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Bibliographic Info

Paper provided by Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies in its series Working Papers IES with number 2009/17.

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Length: 26 pages
Date of creation: Apr 2009
Date of revision: Apr 2009
Handle: RePEc:fau:wpaper:wp2009_17

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Keywords: Foreign direct investment; Czech Republic; manufacturing industry; panel data; GMM;

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References

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  1. Bruce A. Blonigen, 2005. "A Review of the Empirical Literature on FDI Determinants," NBER Working Papers 11299, National Bureau of Economic Research, Inc.
  2. Dunning, John H., 2000. "The eclectic paradigm as an envelope for economic and business theories of MNE activity," International Business Review, Elsevier, vol. 9(2), pages 163-190, April.
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  8. Anna Kadeřábková, 2007. "Technology intensity and fdi in the Czech Republic competitive advantage," Politická ekonomie, University of Economics, Prague, vol. 2007(3).
  9. Vladimír Benáček & Alena Zemplinerová, 1997. "Foreign direct investment in the czech manufacturing sector," Prague Economic Papers, University of Economics, Prague, vol. 1997(2).
  10. n/a, 2002. "The Role of Efficiency as an Explanation of International Income Differences," NIESR Discussion Papers 137, National Institute of Economic and Social Research.
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  14. Cheng, Leonard K. & Kwan, Yum K., 2000. "What are the determinants of the location of foreign direct investment? The Chinese experience," Journal of International Economics, Elsevier, vol. 51(2), pages 379-400, August.
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Cited by:
  1. Adam Gersl & Petr Jakubík, 2010. "Adverse Feedback Loop in the Bank-Based Financial Systems," Working Papers IES 2010/14, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jul 2010.
  2. Karel Janda & Eva Michalikova & Jiri Skuhrovec, 2012. "Credit Support for Export: Evidence from the Czech Republic," CERGE-EI Working Papers wp461, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
  3. Karel Janda & Eva Michalíková & Jiøí Skuhrovec, 2012. "Credit Support for Export: Econometric Evidence from the Czech Republic," Working Papers IES 2012/12, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised May 2012.
  4. Karel Janda & Eva Michalíková & Věra Potácelová, 2010. "Gravity and Fiscal Models of Government Support of Export Credit in the Czech Republic," Politická ekonomie, University of Economics, Prague, vol. 2010(3), pages 305-325.

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