PL EN


2019 | 382 | 38-48
Article title

Analysis of inward and outward foreign direct investments in Slovakia

Content
Title variants
PL
Analiza bezpośrednich inwestycji zagranicznych – przypadek Słowacji
Languages of publication
EN
Abstracts
EN
Foreign direct investment is a widely discussed topic within economic literature. However, especially in conditions of transition economies significant disparities between inward and outward foreign direct investment, from their volume as well as from their nature point of view, are obvious. The objective of the present paper is to provide overview of the volume of inward as well as outward foreign direct investments in Slovakia and subsequently to analyse relationships among different types of foreign direct investments. The analysis is conducted for the period of 2003-2016 using correlation and regression analysis. The results show that foreign direct investment inflows are driven primarily by greenfield projects located in Slovakia, and similarly foreign direct investment outflows are driven by greenfield projects realised by Slovak companies abroad.
PL
Problematyka bezpośrednich inwestycji zagranicznych jest szeroko dyskutowana w literaturze przedmiotu. Wśród dostrzeżonych zależności można wskazać m.in. istotne zróżnicowanie, zarówno w odniesieniu do rozmiarów, jak i charakteru, napływających i wypływających bezpośrednich inwestycji zagranicznych w przypadku gospodarek doświadczających transformacji ustrojowej. Celem niniejszego artykułu jest analiza wolumenu bezpośrednich inwestycji zagranicznych w przypadku Słowacji oraz zbadanie relacji pomiędzy różnymi ich rodzajami. W artykule wykorzystano metody analizy korelacyjnej w odniesieniu do danych z lat 2003-2016. Przeprowadzone badania pozwalają stwierdzić, że napływ bezpośrednich inwestycji zagranicznych do Słowacji jest spowodowany przede wszystkim inwestycjami typu greenfield, natomiast słowackie bezpośrednie inwestycje za granicą mają głównie charakter fuzji i przejęć.
Year
Volume
382
Pages
38-48
Physical description
Contributors
  • University of Economics in Bratislava. Faculty of Business Economics with seat in Košice. Department of Management
References
  • Bevan A., Estrin S. (2000), The Determinants of Foreign Direct Investment in Transition Economies, Centre for New and Emerging Markets, London Business School, London.
  • Drahokoupil J. (2008), The Investment-promotion Machines: The Politics of Foreign Direct Investment Promotion in Central and Eastern Europe, “Europe-Asia Studies”, Vol. 60(2), pp. 197-225.
  • Dunning J. (1981), International Production and the Multinational Enterprise, Allen & Unwin, London.
  • Ferenčíková S., Ferenčíková S. (2012), Outward Investment Flows and the Development Path: The Case of Slovakia, “Eastern European Economics”, Vol. 50(2), pp. 85-111.
  • Galego A., Vieira C., Vieira I. (2004), The CEEC as FDI Attractors. A Menace to the EU Periphery? “Emerging Markets Finance and Trade”, Vol. 40(5), pp. 74-91.
  • Gauselmann A., Knell M., Stephan J. (2011), What Drives FDI in Central – Eastern Europe? Evidence from the IWH – FDI – Micro Database, “Post-Communist Economies”, Vol. 23(3), pp. 343-357.
  • Ginevičius R., Šimelyté A. (2011), Government Incentives Directed towards Foreign Direct Investment: A Case of Central and Eastern Europe, “Journal of Business Economics and Management”, Vol. 12(3), pp. 435-450.
  • Goh S.K., Wong K.N. (2014), Could Inward FDI Offset the Substitution Effect of Outward FDI on Domestic Investment? Evidence from Malaysia, “Prague Economic Papers”, Vol. 23(4), pp. 413-425.
  • Gorbunova Y., Infante D., Smirnova J. (2012), New Evidence on FDI Determinants: An Appraisal over the Transition Period, “Prague Economic Papers”, Vol. 21(2), pp. 129-149.
  • Jain V., Gopalaswamy A.K., Acharya D. (2014), Dynamic Linkages between Foreign Direct Investment and Domestic Investment: Evidence from Emerging Market Economies, “International Journal of Economics and Business Research”, Vol. 8(1), pp. 1-20.
  • Janicki A., Wunnava P.V. (2004), Determinants of Foreign Direct Investment: Empirical Evidence from EU Accession Candidates, “Applied Economics”, Vol. 36(5), pp. 505-509.
  • Kalotay K. (2004), Outward FDI from Central and Eastern European Countries, “Economics of Planning”, Vol. 37(2), pp. 141-172.
  • Radlo M.J., Sass, M. (2012), Outward Foreign Direct Investments and Emerging Multinational Companies from Central and Eastern Europe, “Eastern European Economics”, Vol. 50(2), pp. 5-21.
  • Riedl A. (2010), Location Factors of FDI and the Growing Services Economy, “Economics of Transition”, Vol. 18(4), pp. 741-761.
  • Tan B.W., Goh S.K., Wong K.N. (2016), The Effects of Inward and Outward FDI on Domestic Investment: Evidence Using Panel Data of ASEAN – 8 Countries, “Journal of Business Economics and Management”, Vol. 17(5), pp. 717-733.
  • Tan B.W., Wong K.N., Goh S.K. (2018), The Surge in intra-Asean Outward Foreign Direct Investment and Its Key Determinants: Evidence Using Pooled Mean Group Approach, “International Journal of Business and Society”, Vol. 19(2), pp. 347-362.
  • Wach K., Wojciechowski L. (2016), Determinants of Inward FDI into Visegrad Countries: Empirical Evidence Based on Panel Data for the Years 2000-2012, “Economics and Business Review”, Vol. 2(1), pp. 34-52.
  • Wei S.Z.C., Zhu Z. (2007), A Revisit to the Outward FDI Determinants: Further Evidence from Count Panel Data Models with Fixed Effects, ”Applied Economics Letters”, Vol. 14(11), pp. 809-812.
  • World Investment Report 2017. United Nations, New York and Geneva, https://unctad.org/en/PublicationsLibrary/wir2017_en.pdf (accessed: 3.05.2018).
  • Yao S., Wang P., Zhang J., Ou J. (2016), Dynamic Relationship between China’s Inward and Outward Foreign Direct Investments, “China Economic Review”, Vol. 40, pp. 54-70.
Document Type
Publication order reference
Identifiers
ISSN
2083-8611
YADDA identifier
bwmeta1.element.cejsh-ba263bdf-d20f-4238-94c2-1ef7ba004032
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.