F21 - International Investment; Long-term Capital MovementsReturn

This paper investigates the impact of Foreign Direct Investment inflows on economic growth in Türkiye. The study covers the period from 2006 Q2 to 2019 Q4. Time series datasets obtained from the CBT and FRED database are used for statistical analyses, including ADF, PP, Zivot Andrews Unit Root Tests, the ARDL bounds testing approach, and the Granger Causality tests, to fulfil the empirical part of the study. Based on the obtained findings, it was confirmed that, Foreign Direct Investment inflows have a positive impact on economic growth in Türkiye. Moreover, the results of the Granger causality analysis reveal a bidirectional relationship between FDI and GDP.

This article discusses the development of foreign direct investments for the period 2004 to 2017 in the Czech Republic. In 2004, the Czech Republic joined the EU and the government began to focus on investment incentives to attract foreign firms, attracting foreign capital. The subject matter of the study will be the development of changes in the FDI status of core capital, reinvested earnings and other capital. The aim will be to find out how the FDI, investment incentives and foreign-controlled enterprises for the period 2004-2017 in the Czech Republic developed. A detailed breakdown by country of investors and the number of employees will determine which countries and sectors are most affected by foreign direct investment. The Czech Republic is considered an attractive country for investors from the Netherlands, Austria and Germany. These countries have the largest share of capital inflows in the capital inflow over the period, particularly in financial services and manufacturing.

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.