Investment Promotion in the Visegrad Countries: A Comparative Analysis

Ágnes Tőrös, Ádám Mészáros and Ákos Dani
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Ágnes Tőrös: Economic Analyst
Ádám Mészáros: Corvinus University Budapest
Ákos Dani: Hungarian Investment Promotion Agency

Chapter 9 in Foreign Direct Investment in Central and Eastern Europe, 2017, pp 193-217 from Palgrave Macmillan

Abstract: Abstract The chapter examines whether the investment promotion agencies (IPAs) of the V4 countries follow a similar approach when trying to attract FDI into their economies. After a brief overview of the relevant literature on the factors influencing the IPAs’ performance, a comparative analysis is provided about the V4 countries’ IPAs, focusing on the existing differences from an effectiveness point of view. The chapter shows that the countries established complex systems to meet the new regulations of the European Union on financial aid for the period 2014–2020, with momentous differences in financial incentive patterns. The design of investment promotion tools of the V4 countries seems to be similar in many aspects; however, several differences can be identified. Analysing the characteristics of the four IPAs, it can be stated that the Czech Republic comes closest to meeting the international best practices among the four countries.

Keywords: Foreign Direct Investment; Foreign Direct Investment Inflow; Investment Incentive; Foreign Direct Investment Flow; Foreign Direct Investment Stock (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-3-319-40496-7_9

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DOI: 10.1007/978-3-319-40496-7_9

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