F21 - International Investment; Long-term Capital MovementsNávrat zpět

Foreign direct investment opens new work opportunities, positively influences workforce productivity, introduces the latest findings and technological know-how and positively influences the balance of payments. The aim of the paper is to identify, based on the available literature, the possible factors influencing the inflow of foreign direct investment into the country and, using statistical methods, to identify specific factors influencing the inflow of foreign direct investment into the Czech Republic during the period from 1998 to 2015. Using the multiple regression model, Science and research expenditures, GDP, corporate tax income and the Corruption Perceptions Index have emerged as significant factors. While spending on science and research or the GDP seem to have a positive effect on FDI, corporate tax and Corruption Perceptions Index appear to be negative in the results in the Czech Republic and the analyzed period.

Foreign direct investment is discussed on various levels. Basically we speak about positive and negative effects that might be expressed directly or indirectly. In evaluating the impact of foreign direct investment on development, however, a key question is whether foreign direct investment crowd in domestic investment, or foreign direct investment crowd out domestic investment. This paper focuses on research of FDI effects in Central and Eastern Europe. The aim of this paper is to examine whether foreign direct investment in selected countries of Central and Eastern Europe crowds in or crowds out domestic investment. For this purpose we apply theoretical model of investment that includes foreign direct investment as an exogenous variable. Annual data were tested with panel regression with fixed effects for the period 1993 - 2011. Detected results indicate that in all specified areas, the effect of extrusion of domestic investments prevails.

Foreign direct investments play a crucial role in the global economy nowadays and they have the ability to boost economic development in less developed countries. The aim of the article is to critically review the most important theories that deal with the impact of FDI flows on economic development. Due to the limited space the article focuses on the three most important theories - on Raymond Vernon's product life cycle theory, on the Japanese FDI development theories and the FDI development theory of John Dunning. The results of our review show that although these theories failed to develop a universally acceptable framework, they can be certainly useful as theoretic framework for empirical research on country level.

The article analyses inflow of foreign direct investment into the Czech Republic. It describes the development in recent years and analyses the influencing factors. Foreign direct investments are a very important financial source in the Czech economy and therefore much attention is paid to the factors which attract the inflow of foreign long-term and non-debt capital. It is important especially for investors during their decision making process of expanding the business abroad. Among others, the most important lures are openness of the country, low labour cost, the exchange rate policy and the overall risk of the country.