Comparison of the Effects of Foreign Direct Investment on the Current Account of the Balance of Payments of the Czech Republic and Slovakia after the Accession to the European Union

Komparace vlivu přímých zahraničních investic na běžný účet platební bilance České republiky a Slovenska po vstupu do Evropské unie

Jana Marková

Český finanční a účetní časopis, 2014, vol. 2014, issue 1, 19-33

Abstract: The transformation process in market economies is inherently connected with the inflow of foreign capital, which replaces the missing domestic resources. This also applies to the Czech and Slovak economies, whereto the capital primarily in the form of foreign direct investment has flown since the early nineties. The following article is devoted to the comparison of the impact of these investments on the external balance in terms of the balance of payments in both countries after their accession to the EU. It deals with the impact of revenues from foreign direct investment on the current account deficit of the balance of payments and methods of its coverage from the impact on the external balance point of view. Attention is also paid to the comparison of the development of the total external debt of both countries, both in terms of volume and structure of the foreign debt.

Keywords: Balance of payments; Foreign direct investment; Reinvested profit; External balance; External debt; Platební bilance; Přímé zahraniční investice; Reinvestovaný zisk; Vnější rovnováha; Zahraniční zadluženost (search for similar items in EconPapers)
JEL-codes: E52 F21 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://cfuc.vse.cz/doi/10.18267/j.cfuc.378.html (text/html)
http://cfuc.vse.cz/doi/10.18267/j.cfuc.378.pdf (application/pdf)
free of charge

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:prg:jnlcfu:v:2014:y:2014:i:1:id:378:p:19-33

Ordering information: This journal article can be ordered from
Český finanční a účetní časopis, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3
http://cfuc.vse.cz

DOI: 10.18267/j.cfuc.378

Access Statistics for this article

Český finanční a účetní časopis is currently edited by Karel Brůna

More articles in Český finanční a účetní časopis from Prague University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Stanislav Vojir ().