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Analysis of the Investment Development Path in the Central and Eastern European Countries: Can they move further?
Paul, Tomáš ; Seidler, Jakub (advisor) ; Kukačka, Jiří (referee)
The thesis analyses the investment development path (IDP) of CEE countries and discusses their movement to its later stages, which is conditioned by in- crease in outward foreign direct investment (FDI). Providing evidence on data until 2012, it enables to test the impact of global financial crisis on the validity of IDP and the stages reached by particular CEE countries. Moreover, the thesis explores the effect of inward reinvestment of earnings on the ability to move to later stages through the relationship with outward FDI, which has not been tested in the literature yet. The thesis on a cross-sectional basis shows that: a) CEE countries follow IDP; however, when using subsamples, it holds only for more developed ones; b) contrary to literature before crisis, CEE countries did not reach the third stage of IDP, which suggests that crisis could have caused movement back along their IDP; c) reinvestment of earnings positively influ- ences outward FDI. According to the latter, countries with high reinvestment of earnings and inward FDI stock are identified and is concluded that they are likely to enter the third stage of IDP. However, further research is needed as also other determinants are relevant for outward FDI, not only reinvestment of earnings.
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Foreign direct investment in the Czech Republic on the example of TPCA
Machová, Veronika ; Jiránková, Martina (advisor) ; Machytka, Daniel (referee)
This bachelor thesis proceeds from general definition of foreign direct investment and main effects, that they bring to the host economy to their analysis in Czech Republic. Firstly, it contains a development of FDI in Czech Republic in period 1993-2012 and describes the current territorial, sectorial and regional structure. Secondly, there is an analysis of incentives that can foreign investors receive from the government, their effectiveness, disadvantages and their influence on investor's decisions. In the last part, these effects are demonstrated on the investment of TPCA in Středočeský kraj. In conclusion, thesis evaluates regional and public asset of this investment and the real need of providing investment incentives to attract the investment flow into Czech Republic.
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The Influence of Foreign Direct Investments on the External Balance of an Economy (the Example of the Czech Republic)
Smolová, Petra ; Mandel, Martin (advisor) ; Kuncl, Martin (referee)
The aim of this thesis is to analyze the influence of foreign direct investment on selected indicators of the external balance of the Czech Republic. The first part focuses on the definition of foreign direct investment forms, motivation for realization and a financial life cycle of investments. The second part characterizes investment incentives, including their positives and negatives, and the role of the CzechInvest Agency. The third part is dedicated to the balance of payments. The last part analyses the impact of foreign direct investment on selected entries of the balance of payments and particularly on current account. It also analyses the overall efect on the external balance.
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