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

Ondřej Šíma

Český finanční a účetní časopis, 2021, vol. 2021, issue 2, 27-45

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.

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 (search for similar items in EconPapers)
JEL-codes: F21 F22 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.18267/j.cfuc.561

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