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Analysis of the Effects of Sri Lankan 1977 External Economic Liberalization Policy on Foreign Direct Investment
Tennakoon, Senya Nimsari ; Semerák, Vilém (advisor) ; Benáček, Vladimír (referee)
The Synthetic Control Method (SCM) provides the comparative case-study evaluation on Sri Lanka and other 18 countries in this research paper. The external economic liberalization policy implemented in 1977 has significant changes in the Inward Foreign Direct Investments in the state. Focusing on the 18 countries, the methodology is being carried out comparing the Inward Foreign Direct Investment towards the level of countries without similar pre- treatment characteristics and liberalization policy effect. The final results show that there is a positive impact of the inward foreign direct investments towards the economic growth through the external economic liberalization policy. Additionally, we identified global and domestic economic shocks affecting the late 20th century international trade and foreign direct investments. The methodology performed successfully through a gradual increase in foreign direct investments in the results which was developed towards the policy suggestions.
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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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FDI drop in Slovakia during the economic crisis (2008-2010)
Stoila, Martin ; Kučerová, Irah (advisor) ; Knutelská, Viera (referee)
The thesis discusses the causes of the sudden FDI drop in Slovakia during the economic crisis when R. Fico's government was in power. The drop came after Euro adoption, deep structural reforms and overall attractiveness of the country for the foreign investors. Mainly qualitative methods are utilized in the paper - coding was found to be the most appropriate method to analyze the reasons companies stated for leaving the country. Almost 64% of the investors mentioned crisis as the main cause of their departure. It was followed by company's strategy, the government's policies, strong currency and old machinery and technologies used in the factory. Thus, the hypothesis, which stated that the main reason for FDI plunge were policies of then government in combination with effects of economic crisis, was not confirmed.
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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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International taxation and cross-border mergers and acquisition
Pokorný, Josef ; Janský, Petr (advisor) ; Baxa, Jaromír (referee)
This thesis studies the effects of differences in the international tax system on the location of target companies and potential tax savings leading from international transactions. Using a large sample of M&A transaction data, we develop a target location choice model and estimate it by a multinomial logistic regression. The results show that differences in taxation of target and acquirer country provide opportunities for tax optimization practices that increase the probability of choosing a target location with higher tax difference. We further evaluate these effect using regression on takeover premium which shows that 1 percentage point increase in difference of effective average tax rate may cause up to 0.5 percentage point increase in takeover premium. The found effects are heterogenous for individual companies and correspond to characteristics of tax-inversions and profit shifting practices. i
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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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Gravity Model Estimation of the Russian Export: The Role of FDI
Horváthová, Monika ; Svoboda, Karel (advisor) ; Vykoukal, Jiří (referee) ; Cibulková, Petra (referee)
The main objective of this thesis was to examine the determinants of Russian export directed to its 36 main trading partners. Employing the Gravity model, the standard gravity variables, such as economic masses of the trading partners and their distance, were estimated as having significant impacts on the volume of export from Russia. However, a special attention was paid to the role of FDI, studying whether FDI flows or FDI stock act as complements or substitutes of the export. Unfortunately, with the help of the Fixed-effects and the Random-effects estimation methods we came to statistically insignificant conclusions, which might have been caused by the prevalence of missing observations in the FDI variables.
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Development of the economic relations between Germany and the Visegrád Group before and after east enlargement of the EU
Karnitskaya, Helena ; Kučera, Jaroslav (advisor) ; Kačmárová, Pavla (referee)
During the eastern enlargement of the EU four emerging countries of the Visegrád Group - Poland, Czech Republic, Slovakia and Hungary - joined the community of European states. This significant event notably affected not only the transformation process in the countries mentioned above but also their relations with the EU member states. The aim of this master thesis is to research the impact of the eastern enlargement of the EU on economic relations between C.E. countries and Germany, and to answer the question whether the EU accession was the main decisive factor for the dynamic development of economic cooperation between the above mentioned states. The analysis of economic relations focuses on two key dimensions: trade relations and direct investment. The government's policy of supporting the investment activities both in Germany and C.E. countries is also taken into account. The thesis is divided into three parts. The first chapter intends to analyze the integration process of the C.E. countries in the '90s and its influence on the dynamic development of the economic cooperation between Germany and Visegrád Group. The second section deals with the theoretical aspects of international trade and foreign direct investment. This part intends to provide comparative criteria that will help in answering...
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Analysing Transition Process of Russia: Foreign Direct Investment Distribution across Regions
Iusufova, Elza ; Alimukhamedova, Nargiza (advisor) ; Chytilová, Julie (referee)
The purpose of this thesis is to shed more light on the determinants for attracting foreign direct investment (FDI) into the regions in case of Russia. As a novel contribution to the general literature on FDI, a new variable of quality-of-life, which has not been used in previous works, is tested for its impact on FDI. Using a sample of 70 regions for the year 2013, we find that the two variables have the strongest effect on determining FDI inflows towards Russia: gross regional product and investment risk. While other variables as regional population, quality-of-life index, educated population, level of industrialization and transportation are fount not to be significant. This implies that most regions in Russia have similar level of development, which makes them not different from their neighbours, and hence not attractive for foreign investors. Powered by TCPDF (www.tcpdf.org)
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