This contribution is focused on the core changes and trends in the globalized world economy. As the globalization advances, countries and regions are challenged to shape more flexible arrangements to ensure that new risks are dealt with and the new opportunities are exploited. It is Europe's...

The Czech economy has been characterized by a rapidly increasing external income balance deficit since 1998, which was caused by an increasing outflow of FDI earnings. The paper analyses factors, which determine the total amount of FDI earnings in a host economy and their subsequent division...

The policy of investment incentives is applied in majority of countries all over the world. This popularity is in contradiction with rare academic analyses. This paper sheds some light on causal impact of such policy on investment of supported firms in Czech Republic. We use individual level...

This paper analyzes the technological efficiency of companies in the European Union (EU). Our extensive database covers more than 4 million firm/year observations from many EU countries including both manufacturing and service sectors in 2001–2007. Methodologically we apply a model of a...

We employ a large panel data set and analyze efficiency in the Czech firms during 1998-2007. We investigate how their efficiency evolves over time and how it is affected by ownership structures. Methodologically we employ a panel version of a stochastic production frontier model. We distinguish...

The article analyses main features of macroeconomic development in Hungary after macroeconomic restriction in spring 1995. Years 1995 - 2000 are viewed as a successful period of accelerating economic growth, high foreign direct investment inflow combined with rising external competitiveness of...

Paper focuses on foreign direct investment (FDI) in manufacturing in the Czech Republic, Hungary, Poland and Slovakia (CECs), where FDI penetration jumped to remarkable high levels in recent years. Foreign investment enterprises are more profitable, export oriented and technologically superior...

This paper deals with the topic of experimental computations and estimation of regional GDP components by expenditure approach in the NUTS 3 regions of the Czech Republic. As huge amount of data is necessary, this topic has not been successfully solved by official statistics yet. Just one...

The article focuses on alternative approaches of fixed capital measurement. The official direct estimation for Czech economy is based on straight line depreciation profile. This article presents the results based on the application of geometric depreciation profile on appropriate types of...

The paper analyzes the evolution of the share of final consumption expenditure on aggregate GDP in thirty countries. From the economic point of view, the analysis of final consumption expenditure changes on GDP in connection with the changes in business cycle phases is ambiguous. The authors...