Unemployment Effects of Greenfield and Brownfield Investments in Post-transition European Union Members

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26110%2F20%3APU140247" target="_blank" >RIV/00216305:26110/20:PU140247 - isvavai.cz</a>

Result on the web

<a href="http://www.ekonomie-management.cz/en/archiv/search/detail/1868-unemployment-effects-of-greenfield-and-brownfield-investments-in-post-transition-european-union-members/" target="_blank" >http://www.ekonomie-management.cz/en/archiv/search/detail/1868-unemployment-effects-of-greenfield-and-brownfield-investments-in-post-transition-european-union-members/</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.15240/tul/001/2020-2-001" target="_blank" >10.15240/tul/001/2020-2-001</a>

Result language

angličtina

Original language name

Unemployment Effects of Greenfield and Brownfield Investments in Post-transition European Union Members

Original language description

International direct and portfolio investments have gone up considerably as of mid-1980s. The foreign direct investments with characteristic of long term horizon may affect the economic variables through know-how and technology transfer, physical capital expansion, and new job creation. However, foreign direct investments may have potential to negatively affect the domestic competitors with insufficient competitiveness in the industry. So, the economic effects of FDI inflows have been one of the much-debated and studied issues in the international economics. This study investigates the unemployment effects of greenfield and brownfield investments in 11 post-transition EU members over 2003-2017 period through panel cointegration and causality tests. The article fills the gap in the literature, because the relevant empirical literature has generally researched the impact of total FDI flows on the unemployment/employment. The empirical findings revealed that brownfield investments raised the unemployment in overall panel in the long run, but greenfield investments had no significant impacts on the unemployment in overall panel in the long run. However, greenfield investments decreased the unemployment in Croatia, Hungary, and Slovenia, and raised the unemployment in Poland and Slovakia, while brownfield investments raised the unemployment only in Czechia. Consequently, it is not very reasonable to compare our findings with the results of other studies using total FDI inflows as the independent variable. But, it is generally consistent with theoretical and empirical expectations.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50201 - Economic Theory

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2020

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

E a M: Ekonomie a Management

ISSN

1212-3609

e-ISSN

—

Volume of the periodical

23

Issue of the periodical within the volume

2

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

13

Pages from-to

4-16

UT code for WoS article

000540532600001

EID of the result in the Scopus database

2-s2.0-85086455263