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Economic and Political Motivations for French Direct Investment in the Czechoslovak Republic During the Interwar Period: Schneider-Creusot's Activities in the Czechoslovak Republic.
Fairchild, David ; Doležalová, Antonie (advisor) ; Benáček, Vladimír (referee)
This study investigates the significant rates of French direct investment in the Czechoslovak Republic during the interwar years, specifically from the end of the First World War until the beginning of the Great Depression. It explores the intersection between external factors that occurred on the European continent and internal factors within the Czechoslovak Republic that drove French direct investment in the new republic during this period. This descriptive thesis uses two case studies of the French economic giant Schneider-Creusot's activities in the Czechoslovak Republic to better understand those motivations. The results from the case studies reveal that the Czechoslovak Republic offered a unique combination of economic stability, natural strategic location, and notable levels of historic productivity. These factors, coupled with the outcome of the Russian Revolution and the Treaty of Versailles, attracted high levels of French direct investment from 1918 to 1929. French foreign policy in the region was driven more heavily by economic fears and opportunities than by political ones. Key Words Czechoslovak Republic, France, Schneider-Creusot, foreign direct investment, interwar period Title Economic and Political Motivations for French Direct Investment in the Czechoslovak Republic During...
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Foreign Direct Investment and Economic Growth
Hayat, Arshad ; Cahlík, Tomáš (advisor) ; Bruno, Randolph Luca (referee) ; Semerák, Vilém (referee) ; Srholec, Martin (referee)
Foreign Direct Investment and Economic Growth Abstract This dissertation consists of three empirical research papers on FDI inflow and economic growth and the role the host country natural resources abundance and institutional quality play in altering the FDI-growth relationship. The first paper (chapter 2) investigates the FDI-growth relationship and the impact of the host country's natural resource abundance on the FDI-growth relationship. The paper uses a dataset of 117 countries over the period 1991-2016 and use system GMM estimation method and found a positive and significant impact of FDI inflows on the economic growth of the host country. However, FDI-induced growth was found to be more pronounced in the low-and middle-income countries compared to high-income countries. Further, FDI-induced economic growth is slowed down by the increase in the size of the natural resource sector both in the low-and middle-income as well as high- income countries. The direct negative impact of natural resources on growth was found to be stronger in the low-and middle-income countries compared to the high-income countries. Building on the results of the first paper (chapter 3), the second paper estimated a fixed effect threshold for the level of natural resources and found that FDI inflow has a stronger positive impact...
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The Foreign Direct Investment of China in Central Europe under the One Belt One Road Policy
Zhang, Han ; Benáček, Vladimír (advisor) ; Bejkovský, Jan (referee)
This paper attempts to explore China's direct investment in Central Europe under the OBOR initiative. China's economic cooperation in Central Europe is short and the total amount is small. First, this paper analyzes the current situation of Chinese investment including scales, industrial structure, investment entities. Second, through data integration, this paper analyzes the competitive advantage of China's investment in Central Europe. Finally, this paper explores the motives of Chinese investment through the panel data model. The results show that the market size, technology level, resources and other factors of the Central European countries can attract Chinese investment. At the same time, the local environment, economic stability and other factors do not affect China's investment in infrastructure construction. China has laid the foundation for its economic and trade cooperation with Central Europe and is also a strategic choice between China and the United States. Keywords CE-China investment, competitive advantage, OBOR，economic cooperation，motivation of investment Author's e-mail feelingtime1995@163.com Supervisor's e-mail vladimir.benacek@fsv.cuni.cz
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Mexico's Trade Policy During the Pena Nieto Administration
Ferrara Torres, Geovanna ; Kozák, Kryštof (advisor) ; Benáček, Vladimír (referee)
Mexico's Trade Policy During The Pe Kryštof Kozák, Ph.D. Despite the efforts of trading with other countries, there is still a dominant economic dependence on the United States due to the NAFTA agreement. The master thesis studies Mexico's trade policy and its effects on trade during the Peña Nieto administration with particular attention paid to how the government has tried to diversify trade. A descriptive analysis is used with research in exports, imports and foreign direct investment.
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Withholding Tax Rate Elasticities of Foreign Direct Investment Outflows and Tax Revenue Consequences of Double Tax Treaties
Láznička, Jan ; Janský, Petr (advisor) ; Semerák, Vilém (referee)
This thesis provides a cross-country analysis of potential tax revenue losses due to the ways different countries tax over-border dividend and interest incomes of multinational enterprise. Withholding taxation of outgoing dividends and interest payments is regulated by domestic tax rules as well as bilateral double tax treaties. The signing of such a treaty might substantially reduce the tax rate levied by the source country on the outgoing passive income and thus decrease its tax revenue. We create a large panel dataset and estimate withholding tax rate elasticities of dividend and interest outflows for a large set of countries around the world. Subsequently, we use these elasticities to estimate potential tax revenue losses due to outgoing dividend and interest payments for the source countries in our dataset. The results show highly elastic dividend outflows, 2.3% - 2.58% decrease related to 1% increase in the applicable withholding tax. We also find substantial tax revenue losses due to dividend outflows for a number of source countries, the largest for Canada (1.35 - 3.19 billion USD) and the United States (2.27 - 2.94 billion USD). The investor country behind the largest part of potential losses shows up to be the Netherlands. JEL Classification F21, F23, H25, H26 Keywords double tax treaty;...
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Investment Policy of the European Union - protection of foreign direct investment
Štamberk, David ; Šmejkal, Václav (referee)
Investment Policy of the European Union - protection of foreign direct investment Abstract One of the changes brought about by the Lisbon Treaty is the explicit inclusion of foreign direct investment and its protection in the common commercial policy of the European Union. This is one of the areas of exclusive competence of the EU. The European Union has subsequently stated negotiating bilateral agreements governing, inter alia, investment issues. However, it has not been spared from controversy and negative publicity that has been accompanying especially the TTIP and the CETA. This work aims to analyse the investment policy of the EU and mutual interaction of its institutions with the Member States and third parties. After general introduction to the topic of international investment law and EU law (chapters II. and III.), it is devoted to the issue of protection of foreign investment in the internal market. Its regime is then compared with the BIT regime (chapter IV.). Attention is then focussed towards the EU's external relations in the field of investment protection. Its competence is subjected to further analysis (chapter V.) and current results of efforts of the Commission and the EU as such are also discussed (chapter VI.). It is so in the light of possible impacts of foreign investment in terms of...
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Does money laundering determine the direction of FDI?
Gjika, Rubi ; Paulus, Michal (advisor) ; Janský, Petr (referee)
Does money laundering determine the direction of FDI? Rubi Gjika The goal of this thesis is to investigate the relationship of FDI and money laundering through a Gravity model approach. Overall empirical results of the thesis suggest that FDI originating from highly developed European economies are insensitive to money laundering motives. However, its findings diverge only for developed destination countries and they suggest that for this group, jurisdictions officially listed as money laundering centers attract significantly more FDI stocks than other countries.
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Chinese Outward Foreign Direct Investment with a Focus on the USA
Skryjová, Kateřina ; Bolotov, Ilya (advisor) ; Čajka, Radek (referee)
The diploma thesis deals with the analysis of outward foreign direct investment of the People´s Republic of China with a focus on the United States of America. The initial chapter introduces the concept of foreign direct investment. The purpose of the second chapter is to analyse outward foreign direct investment of China in general. It also gives an overview of the China investment policy, main motives of Chinese investor's decision and specific features of Chinese FDI. Last chapter focuses on the analogous analysis of Chinese FDI in the United States. The work also assesses the investment attractiveness of the country and aims to describe its stance towards Chinese FDI.
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