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Investice českých firem v zahraničí
[Outward direct investment by czech companies]

Author

Listed:
  • Marie Bohatá
  • Alena Zemplinerová

Abstract

This study provides information on trends and role of the Czech outward foreign direct investment (OFDI) and evaluates the effects of the OFDI on parent companies. The analysis of trends is based on Czech National Bank data; the effects are evaluated through a unique set of data gathered through a sample survey. The stock of OFDI has grown slowly but steadily between 1993 and 2002. To date, about 80 per cent of OFDI is located in services and about 40 per cent in Central and East European countries (CEECs). The nature of OFDI in the EU is trade facilitating while the nature of OFDI in CEECs is tilted toward manufacturing. Much OFDI aims at avoiding a specific regulation in the home country or takes advantage of financial incentives in host countries. Our results indicate that OFDI is often related to parent company restructuring and is a precondition for maintenance and improvement of competitiveness.

Suggested Citation

  • Marie Bohatá & Alena Zemplinerová, 2004. "Investice českých firem v zahraničí [Outward direct investment by czech companies]," Politická ekonomie, Prague University of Economics and Business, vol. 2004(1), pages 35-47.
    • Handle: RePEc:prg:jnlpol:v:2004:y:2004:i:1:id:448:p:35-47
    DOI: 10.18267/j.polek.448
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    References listed on IDEAS

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    1. Frank Barry & Holger Gorg & Andrew Mcdowell, 2003. "Outward FDI and the Investment Development Path of a Late-industrializing Economy: Evidence from Ireland," Regional Studies, Taylor & Francis Journals, vol. 37(4), pages 341-349.
    2. Raymond Vernon, 1966. "International Investment and International Trade in the Product Cycle," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 80(2), pages 190-207.
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    More about this item

    Keywords

    competitiveness; direct foreign investment; growth;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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