Determinants of FDI in Czech Manufacturing Industries between 2000-2006

Eva Ryšavá () and Elisa Galeotti ()
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Eva Ryšavá: Institute of Economic Studies, Faculty of Social Sciences, Charles University, Prague, Czech Republic, http://ies.fsv.cuni.cz/
Authors registered in the RePEc Author Service: Eva Michalíková

No 2009/17, Working Papers IES from Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies

Abstract: The Czech Republic has been a successful recipient of foreign direct investment over recent years. Therefore, it is important to understand the decisions made by foreign investors where to place their investments and how to decide about their location between alternative industries. The aim of this paper is to _nd and estimate an econometric model describing the determinants of foreign direct investment (FDI) in manufacturing industry of the CR between 2000-2006. Our model includes several basic economic variables (for example labor, physical capital, R&D, pro_ts per labor. Together with simple techniques of estimation (OLS, _xed e_ects) we used generalized method of moments (GMM). As an additional technique we used also least trimmed squares estimator (LTS) as a diagnostic tool for the heterogeneous pattern of data.

Keywords: Foreign direct investment; Czech Republic; manufacturing industry; panel data; GMM (search for similar items in EconPapers)
JEL-codes: C01 C23 C51 C82 F21 F40 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2009-04, Revised 2009-04
New Economics Papers: this item is included in nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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