The purpose of this paper is to examine Austrian foreign trade and estimate the country's export function. The analysis is based on the gravity model of trade in the log-log form, augmented by additional variables in order to control for the impact of institutions on decision-making. Our panel...

In the period of 1991-96 there were large volumes of foreign direct investment directed to various Czech manufacturing industries and services. Our empirical analysis has shown that enterprises of the manufacturing sector, into which the foreign capital was invested, were generally physical...

There is no doubt that the same economic regularities are effective in economies in the stage of advanced economic transformation as in traditional market economies. But the low productivity and relics of institutions from the totalitarian system make them very different. Some immature markets...

This paper is aimed at addressing general characteristics of growth and development that concerns all transition countries before their accession to the EU when their convergence to the EU average gross domestic product (GDP) per capita is expected. By looking back at the GDP statistics of major...

If compared internationally, Czech Republic belongs to a group of countries with highly intensive foreign direct investment (FDI) inflows. Its analytical studies were confronted, however, with a shortage of reliable time series of industrial data on FDI. The analyses of determining factors of...

n this paper we study three crucial questions of economic decision-making: a) How are the people motivated in the choice of profession (career) and schools? This is also a decision that deals with the criteria for building the human capital of various specialisations. b) Can enterprises rely on...