The transformation process in market economies is inherently connected with the inflow of foreign capital, which replaces the missing domestic resources. This also applies to the Czech and Slovak economies, whereto the capital primarily in the form of foreign direct investment has flown since...

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 empirical literature generally accepts the influence of corporate taxes on the investment decision of the multinationalities. The most papers usually consider more aspect of that tax then only statutory corporate tax rate. Using annual time series data for the period 1998-2011 this paper...

In recent years, some of China’s leading firms have made headlines with their European expansion, by either opening new facilities or by acquiring or merging with significant enterprises in Europe. The goal of this paper is to contribute to the existing literature by examining Chinese...

The article compares the market openness of Brazil, Russia, India and China with the one of the Central and Eastern European countries. The comparison is performed in relative terms in the form of a basic/visual examination of openness to foreign trade and investment and as an identification of...

The aim of this work is to provide new evidence on the factors that determine the flow of FDI among transition countries. The analysis takes into consideration the period of most intense transition and post-transition (1994-2002) of 26 former socialist countries. The empirical estimates enable...

Foreign direct investment has become an important factor of development of economies in the last decades. However, its economic nature as well as its relationship with corruption has not yet been clarified in economic literature. Following previous theoretical research, mainly Dunning’s...

The main objective of this paper is to estimate the output elasticity of foreign direct investment (FDI) and imports in Thailand and in the Philippines during the period 1970ñ1998. Applying a CES generalization of Cobb-Douglas production function, the output response to FDI is the same in both...

The economic purpose of an Overseas Investment Act (OIA) should be to enable foreign investment that has a positive (or at least non-negative) impact on a country's economic performance and to prevent investments which will likely have detrimental net effects. An examination of both the content...

В статье рассматривается проблема прямых немецких инвестиций в экономике России. Также раскрывается особая роль немецкого капитала и обосновывается...