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Determinants of Economic Development in Estonia, Latvia, Lithuania and the Czech Republic
Gonsior, Martin ; Zinecker, Marek (referee) ; Luňáček, Jiří (advisor)
This master thesis focuses on uncovering the determinants of growth in Estonia, Latvia, Lithuania and the Czech Republic. The thesis is divided into a theoretical basis, which is devoted to economic growth and the determinants that can affect it, and an analytical part, where the dependence of selected determinants on economic growth is examined. The results of the individual analyses are compared with each other. At the end of this thesis, the results are discussed and recommendations are formulated for the top institutions of the selected countries.
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Fiscal benefits and environmental costs of the corporate tax race to the bottom
Čep, Jiří ; Palanský, Miroslav (advisor) ; Janský, Petr (referee)
The goal of this thesis is to compare the fiscal benefits and environmen- tal costs of inward foreign direct investment (FDI) gained through lowering the corporate tax. We achieve this by utilizing a dataset constructed from multiple sources, primarily World Bank, UN, and UNU WIDER. It encom- passes 223 countries and territories between 1990 and 2020. In the three-step model, we first explain the variation in FDI due to a change in the corpo- rate tax rate, later investigate the effect of the change of FDI on government corporate tax revenue, and finally, we examine the effect of FDI change on CO2 emissions. We then convert those to monetary terms using the social costs of carbon mechanics. The results show that although we have discovered a significant positive fiscal effect of corporate tax cut, we have failed to prove the existence of a causal relationship between FDI change and change in CO2 emissions per capita. Moreover, we did not find evidence of this relationship on any regional or development level. We verified the existence of a positive impact of corporate tax cut on incoming FDI. Keywords Corporate taxation, greenhouse gas emissions, social costs of carbon, for- eign direct investment, tax havens
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Foreign direct investment in the Czech Republic
Vrtal, Vojtěch ; Novák, Jaroslav (referee) ; Vaňková, Lucie (advisor)
The subject of this bachelor thesis is a definition of regional development and foreign direct investments. The practical part deals with an analysis of foreign investments in individual regions of the Czech Republic and monitors years 2010-2020. It also examines the impact on regions and the development of living standards. As an example of foreign direct investment in the Czech Republic is used a company BOSCH DIESEL, s.r.o.. Thesis focuses on one specific investment and examines its impact on the development of the Vysočina Region, more precisely of Jihlava District.
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Involvement of the People's Republic of China in Africa
Svobodová, Petra ; Kučerová, Irah (advisor) ; Karásek, Tomáš (referee)
Diploma thesis "Involvement of the People's Republic of China in Africa' deals with the evolution of China-Africa cooperation in the three specified time periods. Mainly it deals with the time period of the last nearly sixty years. This time period was subsequently divided into the period of the Cold War, 1990s and the last period is representing the year 2000 up to the present. Even though the diploma thesis deals with the African continent as a whole unit, the special emphasis was put on the four specific countries - namely Angola, Nigeria, Sudan and Zimbabwe. It analyses how the mutual cooperation has changed during these three different time periods and what has been the main components of China-Africa relationship. Primarily cooperation in the economic (foreign direct investments, foreign aid, balance of trade etc.), the political, but also the military sphere is analysed. The emphasis is also put on the Chinese status of a genuine alternative to the Western donor block, especially its policy of non- interference and aid without conditions. Diploma thesis also briefly touches on the approach of the traditional Western countries towards Africa (Washington versus Beijing Consensus). Positive and negative sides of mutual cooperation is also discussed.
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Legal and economic aspects of foreign direct investment and historical evolution
Merenda, David ; Bažantová, Ilona (advisor) ; Hraba, Zdeněk (referee)
The aim of the present thesis is to introduce the topic of foreign direct investment (FDI) from the multiscience (multidiscipline) perspective. FDI is a phenomena that cuts across many fields of human activity. It is of major significance for the national economies and an important factor for the global economic growth. Although these characteristics of FDI are widely known today, it was not always the case in the past. Since the sixties, it has been a focus of deeper studies and an object of interest especially for the international organizations that supervise the global economy. As each socio-economic phenomena, the issue of FDI has its historical background and this thesis seeks to comprehend this subject and further tracks the emergence of the business climate and economical processes that show the characteristics of later defined FDI. The historical formation of FDI is related to qualitative and quantitative development of the phenomena, and to its temporal and geopolitical context. The thesis presents the most relevant factors and causes of the present state of FDI, and monitors the crucial moments of the elements contributing to the evolution of the international investment environment. A more detailed study is devoted to Central European countries, since their specific development after...
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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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The Developement of Economic Cooperation between EU and USA since the end of the Cold War
Paščenková, Jana ; Kučerová, Irah (advisor) ; Karlas, Jan (referee)
in English This thesis deals with the factors that influence changing intensity of bilateral economic cooperation between EU and USA in the period between 2002 and 2012. The quantitative tests by correlation are made separately for the trade and the financial area of cooperation. The first tested factor was the economic interdependence of EU and USA, which is based on liberal thoughts in international relations. Its positive influence on cooperation that was assumed for this factor was confirmed only in case of the financial area. On the other hand, for the trade sphere the premise was disproved. The second tested factor was formulated based on realism in international relations. It says that decreasing economic standing of EU and USA leads to their increased cooperation. This influence was confirmed both for trade and financial cooperation. The last researched factor was the annual change in the volume of transactions. This factor is based on functionalism, neofunctionalism and communication theory. The assumed positive influence of increased transactions on cooperation was confirmed only in trade dimension. The best factor that can explain the changing bilateral economic cooperation of EU and USA between 2002 and 2012 proved to be the one based on realism - the declining standing of both subjects...
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Military interventions in civil wars: the role of foreign direct investments and proxy interventions in the motivation to intervene
Klosek, Kamil Christoph ; Karásek, Tomáš (advisor) ; Schneider, Gerald (referee) ; Nascimento, Daniela (referee)
The current international system with its emphasis on state sovereignty was designed to restrain interference in domestic affairs by other states. However, this notion has been repeatedly challenged throughout the past 70 years by states intervening with military instruments in internal armed conflicts. Possible motives that led states to jeopardize the lives of their soldiers and convinced them to bear the costs of interventions have engendered a rich debate in the studies of International Relations and Peace and Conflict Studies. In this dissertation, two arguments based on the logic of the realist theory of international relations are brought forward to augment our understanding of factors contributing to military interventionism. First, it is shown that economic linkages between states transcend the debate on trade and include the effects of foreign direct investment on their willingness to intervene by force. Corporate investment is shown to significantly raise the willingness of states to intervene when existing FDI is endangered by the dynamics unfolding during internal armed conflicts. Second, great powers are apt to harness other states to alter the conflict dynamics in civil wars. Applying the principal-agent framework in combination with the logic of arms trade allows identifying unequal...
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The Social and Political Regulation of Labour Migration: The Case of the Czech Republic
Čaněk, Marek ; Barša, Pavel (advisor) ; Kostelecký, Tomáš (referee) ; Woolfson, Charles (referee)
This dissertation is about the changes in the regulation of labour migration in the Czech Republic, specifically between the period of economic boom in 2007 and 2008 and the beginning of the global economic and financial crisis. The developments of labour migration processes and policies were studied in relation to the political economy of foreign direct investment and the rise of the competition state in the Czech Republic. The materialisation of these developments resulted in the Czech Republic's further integration into the global labour market. Labour migration policy changes in the case of the Green Card project, however, did not confirm the thesis that the Czech Republic's migration policy eventually became subordinated to the competition state project. Not only did the Ministry of Industry and Trade lack bureaucratic capital in the field of migration regulation but also, there were tensions between different notions of the competition state project while 'migration management' was reorganised in the interest of the Ministry of the Interior. Closely following struggles over the regulation of labour migration in the administrative and political fields, this dissertation contributes to literature on the labour migration perspective of the competition state. The migration crisis is studied from...
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Privatization through FDI in the Czech Republic: Effects of Privatization Properties on the Companies' Performances
Nachtigall, Jakub ; Geršl, Adam (advisor) ; Kolouchová, Petra (referee)
This thesis is focused on the large scale privatization in the Czech Republic. It brings the real values of investment into the discussion of direct effects of FDI. A unique dataset obtained in the archive of the Ministry of Finance of the Czech Republic allows us to employ other interesting properties of the privatization in the comparison of the performance of the FDI recipients during the 1997- 98 crisis. A synthetic method approach is used to estimate the most similar competitor of each FDI recipient and control for different situations the MNE affiliates were prior the crisis. The thesis has also a historical contribution as it discusses some yet unknown features of the privatization through FDI during the large scale privatization. Further, the underlying theory of FDI, FDI flows into the Czech Republic, the Czech privatization process and macroeconomic background are described. JEL Classification D24, F21, F23, P31 Keywords Czech Republic, Foreign Direct Investment, Pri- vatization, Total Factor Productivity, Transi- tions of Socialist Enterprises Author's e-mail jakub.nachtigall@gmail.com Supervisor's e-mail adam.gersl@cnb.cz
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