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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 Vladimír Tomšík

Politická ekonomie, 2002, vol. 2002, issue 2

Abstract: 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)
Date: 2002
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