Determinants of foreign direct investment inflows: A case of the Visegrad countries
Determinants of foreign direct investment inflows: A case of the Visegrad countries
Author(s): Aneta Bobenič Hintošová, Michaela Bruothová, Zuzana Kubíková, Rastislav RučinskýSubject(s): Recent History (1900 till today), Labor relations, International relations/trade, Accounting - Business Administration
Published by: Fundacja Centrum Badań Socjologicznych
Keywords: foreign direct investment; inflows; location advantage; determinants; Visegrad countries;
Summary/Abstract: This study identifies the determinants of foreign direct investment inflows into Visegrad countries using the country level data from the year 1989 to the year 2016. Based on correlation and regression analyses (OLS and fixed-effect model), we have identified the level of gross wages and the share of educated labour force as the most significant determinants with positive effect on FDI inflows. On the other hand, corporate income tax rate, trade openness and expenditures on research and development have been detected as the determinants with negative impact on FDI. Our study has not brought any evidence on inflation rate, unemployment rate, GDP per capita and the innovation output, as the sum of patents and trademarks, influencing FDI inflows in the case of Visegrad countries.
Journal: Journal of International Studies
- Issue Year: 11/2018
- Issue No: 2
- Page Range: 222-235
- Page Count: 14
- Language: English