Exploring the Trend of Czech FDIs and Its Link to Changing Institutional Environment
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26482789%3A_____%2F19%3AN0000151" target="_blank" >RIV/26482789:_____/19:N0000151 - isvavai.cz</a>
Result on the web
<a href="https://www.aauni.edu/data/files/2019-ifrs-conference-proceedings-v5.pdf" target="_blank" >https://www.aauni.edu/data/files/2019-ifrs-conference-proceedings-v5.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Exploring the Trend of Czech FDIs and Its Link to Changing Institutional Environment
Original language description
The goal of this paper is to explore FDIs in the Czech Republic and their changes in recent years using the gravity model. Apart from traditional variables used in FDI models we also introduce the institutional change -introduction of IFRS in national accounting rules. Data: We use predominantly open-source data from the WorldBank and FDI data from the Czech national bank and Czech statistical officeTools: We analyse a panel data of bilateral FDI for 19 EU countries over the period 2008-2017 usingOLS model and PPLM specification. What is new: FDI contributed significantly to the economy especially in the beginning of 1990. FDI is concentrated in major sectors -automotive, financial and wholesale.So what: Although we have observed the effect ofpositive impact on broader introduction of IFRS in 2010 in terms of country import and export we cannot identify the same significance of this dummy on FDIs in the Czech Republic. Contribution:FDI was increasing the productivity in the Czech Republic, especially in 1990s.We assess the effect and possible contribution of traditional variables like size, GDP, border and distance to Czech FDIs. We also add variable representing institutional changes -introduction of IFRS, Here we find that the positive of IFRS exists on export and import, nevertheless in case of FDIs there the effectis mixed with other institutional issues, and therefore the corresponding dummy is not statistically significant. In the future we want to try different model specification and broader set of data similarly as in previous literature.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Conference Proceedings7th International Scientific ConferenceIFRS: GLOBAL RULES & LOCAL USE- BEYOND THE NUMBERS
ISBN
978-80-87956-96-0
ISSN
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e-ISSN
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Number of pages
12
Pages from-to
198-209
Publisher name
Metropolitan University Prague Press & Anglo-American University, Prague
Place of publication
Praha
Event location
Praha
Event date
Oct 10, 2019
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000649685400015