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Geographical Characteristic of Industry in the Mladá Boleslav Region
Šturmová, Tereza ; Ženka, Jan (advisor) ; Kopačka, Ludvík (referee)
The aim of the presented thesis is to map the most significant impal of the geographical transformation of industry in the administrative district of a municipality with extended powers Mladá Boleslav after 1989. The Mladá Boleslav region is one of the few naturely originated and developed industrial clusters in the Czech Republic with a specific size and sectoral structure of economy (super-dominance of Škoda Auto) and a massive influx of FDI. The restructuring of the industry in Mladá Boleslav did not have much impact on the physical or functional structure of the city. The residential, industrial and eventually service functions of the city remain dominant. In the microregional scale the increasing living standards have made possible a large residential suburbanisation. The most significant change in the geographical structure of Mlada Boleslav was the construction of new industrial zones on the outskirts of the city and on the adjacent communities and the associated technical infrastructure modernization and growth of road transportation. Mlada Boleslav in the course of more than twenty years of industry transformation after 1989 not only maintained but also strengthened the distinct functional specialization in the automotive industry. Keywords: transformation of the industry, the Mladá Boleslav...
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China's Outward FDI in Central and Eastern Europe
Li, Wenjie ; Svoboda, Karel (advisor) ; Sehnálková, Jana (referee) ; Korosteleva, Julia (referee)
China's emergence as one of the largest FDI source country has attracted global attention. There are many researches on the determinants and characteristics of China's outward FDI, but there are only few researches about China's outward FDI in CEE countries. Based on the dataset, which comprises data of 11 CEE EU member states over the period 2003-2014, this thesis investigates the determinants and patterns of China's outward FDI in CEE-11 countries by using a panel data technique. The regression results reveal that for the whole sample period, culture proximity and existing trade relation have significantly positive impacts and China's FDI in CEE-11 is negatively associated with the institution environment of host country. And the results also demonstrate that determinants of China's FDI in CEE-11 change over time. Besides, political relation is also an important influential factor and policy makers should put more effort to strengthen the bilateral cooperation.
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Determinants of FDI location across European Countries: role of economic and non-economic factors in decision-making by means of econometric analysis of panel data for 1995-2010
Brázdová, Martina ; Benáček, Vladimír (advisor) ; Bobková, Božena (referee)
This thesis provides an insight into factors that determine FDI inflows. Our focus is on FDI inflows directed to European countries and we study the FDI phenomena both from theoretical and practical view. We extend the literature that highlights the importance of FDI- institution link, and hypothesise that countries with better institutional quality should attract more foreign direct investments. This is in accord with expectation that good institutions create better investment environment in terms of lower costs of doing business and lower risk. The main purpose of this thesis is to complement previous studies that have covered this topic, but did not account for years of financial crisis. The key part analyses panel data for 33 European economies in the period from 1995 to 2010. A model of FDI determinants is constructed and estimated using panel data estimation techniques. The empirical part has revealed that even though some of the institutional variables are significant, they remain rather additional in explaining FDI flows; whereas the traditional economic variables are clearly significant. Our results are intuitively consistent with theoretical expectations and show that market growth, low trade restrictions, good infrastructure and low labour costs are key FDI drivers. Other important...
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Impact of Czech polititians foreign activities on development of foreign trade and investment
Hofman, Pavel ; Tomeš, Jiří (advisor) ; Blažek, Jan (referee)
With the continuing process of globalization, national economies are intensively interconnecting with external enviroment. It is especially visible for Czech Republic, which geopolitical position stresses the importance of external business relationships. Economic prosperity of countries with open economy is largely determined by export performance and inflow of foreign direct investments, both of which are supported by economic diplomacy. The first scope of this thesis is to evaluate the economic diplomacy of Czech Republic, and secondly to empirically analyze the tools, which economic diplomacy is using - foreign visits of polititians and role of embassies. The gravity model of international trade was used to study the influence of both tools on the foreign trade and investment in Czech Republic between years 1993-2013. The results show, that if at least one visit per year was realized, the export grows by 14%. However, one average high official visit is associated with rising exports by about 4.7%. On the other hand, any realtionship with FDI was not found. Further analysis confirms the importance of the embassies and thier positive impact on foreign trade, in particular with culturally distant countries, where this effect is more pronounced. Futhermore the study showed fading effect of economic...
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EU member states FDI policies and Chinese investments
Neumanová, Petra ; Kučerová, Irah (advisor) ; Kramer, Zachary John (referee)
The topic of this master thesis are the EU FDI policies and their development specifically in the period 1999 - 2019. The aim of this master thesis is to answer the research question: "Why the European FDI policies have changed during 1999-2019?" In April 2019, a new regulation regarding a framework for screening of foreign direct investment in the European Union has passed. The process of screening should be applied in case a foreign direct investment would pose a threat to security or public order. The EU has been traditionally a promoter of the liberal trade and free movement of capital. Yet, the proposal presents a new tool in the FDI policy that can be seen as restrictive. In this thesis author analyzes what processes led to the introduction of this new framework. Following the theoretical framework regarding security concepts and evolution of new threats, the author elaborates on the first hypothesis that "It is possible to identify strengthening of the concept of security and more restrictive approach in the FDI policies of EU member states during 1999-2019" by analyzing the evolution of EU FDI policy and policies of Germany and France as ones of the biggest recipients of FDI in the EU. Furthermore, the author uses the theoretical framework of realism and international political economy to...
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Corruption Distance and Foreign Direct Investment: Evidence from European Transition Economies
Yu, Bin ; Paulus, Michal (advisor) ; Bruno, Randolph Luca (referee) ; Semerák, Vilém (referee)
This dissertation builds on Cezar and Escobar's (2015) study of the relationship between institutional distance and foreign direct investment (FDI), but focuses instead on the nexus between corruption distance and FDI. Along the lines of their study, this dissertation uses a two-stage gravity model derived from the framework of heterogeneous firms to empirically estimate the impact of corruption distance on the inward and outward FDI of European transition economies. This dissertation contributes to the literature in several aspects. First, it proposes a new method for measuring corruption distance, considering the importance of firms' previous experience to the development of necessary skills for navigating a foreign business environment. Second, the empirical study distinguished the impact of corruption distance on the extensive and intensive margin by using a rich dataset with three different corruption indices, which thereby differs from most previous studies on this topic. This is also one of the few papers that specifically study this topic in the context of European transition economies. The results show that both conventional and adjusted corruption distance based on the control-of-corruption index only reduces the extensive margin of transition economies' FDI; and that the magnitude of...
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Analysis of the Investment Environment of Chinese Commercial Properties in Czech Republic
Wang, Yining ; Vacek, Pavel (advisor) ; Svoboda, Karel (referee) ; Radošević, Slavo (referee)
Many countries would like to use foreign direct investment to increase the growth of GDP and promote stable development. The Czech Republic is one of the countries having the largest FDI within Central and Eastern Europe. Meanwhile, Chinese investments have increased significantly and already became an important feature of the China-Europe relationships during recent years. The closer cooperation between China and Europe could encourage FDI. Within the kinds of FDI, the real estate industries experienced a rapid increase in many developed and emerging regions. Therefore, the aim of this study is aiming to analyse the investment environment of Chinese commercial properties in the Czech Republic. Two basic research designs will be employed for this research. The first design is focusing on collected recent available data to present the investment climate of the Czech Republic. In this part, we also make comparisons of the Czech Republic with serval economies. We found that the relatively low cost of labour, low inflation rate, easier to set-up a business (in terms of both times consuming and cash consuming) make the Czech Republic becomes more attractive. And this is consistent with the empirical analysis. Secondly, the questionnaire method was used for the study and we get back 108 questionnaires....
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Determinants of foreign direct investment in Ghana
Owusu, Maxwell Nuamah
The flow of foreign direct investment (FDI) is seen as an important source for achieving greater and faster economic growth, particularly in the emerging market economies and other developing countries. This study will examine the factors that induce foreign investors to operate in Ghana. This will take into consideration the significant influence between the dependent variable (FDI) and the observed explanatory variables ((GDPgrowth, inflation, exchange rate, trade openness and natural resources from 1975 – 2016) and (government stability and corruption from 1984 – 2016)). The study uses ordinary least square (OLS) and ARDL regression model to examine the influence between FDI and the proposed explanatory variables that are anticipated to determine FDI inflows into Ghana. The unit root test shows that only GDP and inflation were stationary at the ordinary level while other variables were stationary when we combined the variables as one. In order to solve the problem of spuriousness and the consequent of the determinant of FDI, FDI was used as a dependent variable over other variables considered. The result of the OLS regression model show that GDP growth, exchange rate, natural resources and government stability have positive influence on FDI while inflation, trade openness and corruption have negative influence on FDI but only exchange rate and natural resources said to be statistically significant. Result of ARDL was divided into two part. Variables that ranges from 1975 – 2016 were used as an explanatory variable for the first part while all the variables including government stability and corruption were used as second part. The result for ARDL regression model shows that all the variables from 1975 – 2016 are statistically significant while the second part shows that only inflation, exchange rate, trade openness and government stability are statistically significant. The uniqueness of this research after using ARDL regression model and OLS regression model is that the two models show that there is statistical significant influence between FDI and the independent variables (GDP, natural resources, trade openness, inflation, exchange rate, government stability and corruption).
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Čínské zahraniční investice v České republice
Kadlec, Radim
Kadlec, R. The document template for bachelor/diploma thesis. Bachelor thesis. Brno: Mendel University, 2019. The aim of this bachelor thesis is based on an evaluation of Chinese foreign in-vestments, which are such a popularized trend in Czech republic, and itʼs advantages or disadvantages, with regard to national as well as regional level; to some particular companies in regions of Czech republic. The thesis also analyzes the purpose of the investment and the impact of the investment activity of Chinese entities in the Czech Republic. The thesis examines both tangible investments (eg mergers and acquisitions, greenfields, brownfields) as well as intangible investments (eg acquiring know-how). The first part describes the theoretical introduction to the topic of FDI, which conc-ludes the characteristics, the definition, the classification and also the localization factors. Furthermore, this section elaborates the advantages and disadvantages of FDI in details. The second part is focused more specifically on the development of the volume of FDI in the Czech Republic, such as introduction of from which countries CR has got the most FDI flows. The following chapter paying attention to the reasons for the Chinese investors' entry into the Czech market together with the economic comparison of both countries. In the last part evaluates concrete significant FDI from China into our country and itʼs advantages or disadvantages. The thesis should give the reader more information about the currently highly publicized issue.
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