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Přímé zahraniční investice ve střední Evropě: vytěsňují nebo vtahují domácí investice?
[Foreign direct investment in central Europe: does it crowd in or out domestic investment?]

Author

Listed:
  • Jan Mišun
  • Vladimír Tomšík

Abstract

In this article, we tried to estimate whether foreign direct investment in the Czech Republic, Hungary and Poland crowds in or crowds out domestic investment. We used a model of total investment that introduced, from the point of view of the recipient country, foreign direct investment as an exogenous variable. We found that for the time period 1990 - 2000 there was an evidence of crowding out effect in Poland. In Hungary we found a crowding in effect for the time period 1990 - 2000 as well as for the Czech Republic for the time period 1993 - 2000.

Suggested Citation

  • Jan Mišun & Vladimír Tomšík, 2002. "Přímé zahraniční investice ve střední Evropě: vytěsňují nebo vtahují domácí investice? [Foreign direct investment in central Europe: does it crowd in or out domestic investment?]," Politická ekonomie, Prague University of Economics and Business, vol. 2002(2).
  • Handle: RePEc:prg:jnlpol:v:2002:y:2002:i:2:id:359
    DOI: 10.18267/j.polek.359
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    Cited by:

    1. Cristina Jude, 2019. "Does FDI crowd out domestic investment in transition countries?," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 27(1), pages 163-200, January.

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