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The effect of the international movement of the factor of production (capital and labor) on the balance of primary incomes
[Vliv mezinárodního pohybu výrobního faktoru kapitálu a práce na bilanci prvotních důchodů]

Author

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  • Ondřej Šíma

Abstract

The paper aims to determine the factors and specifics that shape the balance of primary incomes. The analysis is performed according to the availability of data for all countries of the world for the period 1980-2016 employing panel regression. The text is based on theories of international movements of factors of production. The specifics influencing the development of the balance of primary income include the composition of net foreign assets, which is to some extent influenced by the development stage of the economy and the status of the reserve currency. Incomes from the international labor movement also play a role, which significantly affect the balance of primary incomes of small economies and some medium and more developed economies.

Suggested Citation

  • Ondřej Šíma, 2021. "The effect of the international movement of the factor of production (capital and labor) on the balance of primary incomes [Vliv mezinárodního pohybu výrobního faktoru kapitálu a práce na bilanci p," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2021(2), pages 27-45.
    • Handle: RePEc:prg:jnlcfu:v:2021:y:2021:i:2:id:561:p:27-45
    DOI: 10.18267/j.cfuc.561
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    More about this item

    Keywords

    Net foreign assets; Balance of Payments; Balance of Primary Income; International Factor Movements; Čistá zahraniční aktiva; Platební bilance; Bilance prvotních důchodů; Mezinárodní pohyby výrobního faktoru kapitálu a práce;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration

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