Do special economic areas matter in attracting FDI? Evidence from Poland, Hungary and Czech Republic
AbstractAmong the instruments aimed to attract internationally mobile investors, “special economic areas” can be considered as well-defined zones where usually offering low rates of taxation, and infrastructures and services accessible on preferential basis. Are those instruments effective in attracting FDI? The first empirical evidence based on Poland, Hungary and Czech Republic suggests a positive answer. However, according to a survey on research and development intensity in special economic areas in our sample countries, it is not possible to confirm clearly that scientific and technology parks were capable in attracting high-tech FDIs, even though due to global competition, international agreements and EU membership, fiscal incentives are nowadays not enough while technology and an “innovation-friendly” environment are emerging as competitive advantages.
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Bibliographic InfoPaper provided by ISLA, Centre for research on Latin American Studies and Transition Economies, Universita' Bocconi, Milano, Italy in its series ISLA Working Papers with number 21.
Length: 21 pages
Date of creation: Nov 2005
Date of revision: Nov 2005
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foreign direct investment; location choice; transition countries;
Find related papers by JEL classification:
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location - - - Government Policy; Regulatory Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-03-11 (All new papers)
- NEP-EEC-2006-03-11 (European Economics)
- NEP-IFN-2006-03-11 (International Finance)
- NEP-TRA-2006-03-11 (Transition Economics)
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- Soltwedel, Rüdiger & Krieger-Boden, Christiane, 2007. "EU research on social sciences and humanities : the impact of European integration and enlargement on regional structural change and cohesion ; EURECO ; final report ; Project HPSE ; CT-2002-00118 ; f," Open Access Publications from Kiel Institute for the World Economy 4243, Kiel Institute for the World Economy (IfW).
- Marian Dinga, 2011. "The Role of Investment Incentives in Regional FDI Reallocation: A Regression-Discontinuity Approach," CERGE-EI Working Papers wp438, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
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