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?
Jan Mišun and
Politická ekonomie, 2002, vol. 2002, issue 2
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.
Keywords: investment; foreign direct investment; investment incentives; crowding in effect; crowding out effect (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:prg:jnlpol:v:2002:y:2002:i:2:id:359
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