Consequences of capital drain among EU member states

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11310%2F23%3A10472365" target="_blank" >RIV/00216208:11310/23:10472365 - isvavai.cz</a>
Result on the web
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=A2lqssQffr" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=A2lqssQffr</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.14712/23361980.2023.17" target="_blank" >10.14712/23361980.2023.17</a>

Result language
angličtina
Original language name
Consequences of capital drain among EU member states
Original language description
The aim of this article is to analyze the capital drain among individual European Union (EU) member states and its cohesive and political consequences. Since the capital drain has not yet been calculated at the individual country level, the methodological part of this article delves into this calculation in more detail. Between 1999 and 2018, Ireland and Luxembourg had the highest capital drain due to their tax haven policies. Apart from these extremes, Czechia experienced the largest capital drain during this period. Inequalities among EU member states were gradually decreasing in terms of gross domestic product and gross national disposable income, suggesting that the EU's cohesion policy has partially been successful in reducing inequalities among EU countries. However, capital drain and its populist interpretations may become a significant political problem for the most negatively affected countries.
Czech name
—
Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50701 - Cultural and economic geography

Project
<a href="/en/project/TL02000195" target="_blank" >TL02000195: Application of the contemporary research knowledge in political geography into teaching geography and social-scientific subjects at secondary schools</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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