Foreign Presence, Cultural Distance and Technology Gap as Indicators of Globalization in the Czech Republic

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Foreign Presence, Cultural Distance and Technology Gap as Indicators of Globalization in the Czech Republic

Popis výsledku v původním jazyce

The aim of this paper is to evaluate the impact of all foreign direct investment into Pardubice region in the Czech Republic. These analysed multinational companies gained the institutional support in the form of investment incentives. Based on the comparative analysis of data from the companies` annual reports and Czech statistical office and CzechInvest in 1999-2013, foreign presence is calculated. The foreign presence is together with the technology gap considered as key determinant of spillover effects`creation. The calculated values illustrate low degree of foreign presence – till 8 %, more precisely low potential for the creation of spillover effects. This conclusion confirms the technology gap probed by the Shift-share analysis. It means the decomposition of the technology level of region on the technology, sectors and combination of both these effects. The result is corresponding with the localization of manufactures or manufactures` fragmentation with low added value to the analyzed region. In addition to that, the paper quantifies cultural distance between source countries of the investment and the Czech Republic. The calculation of cultural distance is based on Hofstede´s cultural dimensions by Kogut-Singh index and Euclidean index. In examined time period, investors from total 10 countries invested in Pardubice region and 36 % of them came from Germany. Differences between Germany and Czech Republic in cultural dimensions prove previous studies about their relation to the development of foreign direct investment. Significantly highest cultural distance between Czech Republic and considered countries was found out with Denmark, followed by Netherlands and Great Britain.

Název v anglickém jazyce

Foreign Presence, Cultural Distance and Technology Gap as Indicators of Globalization in the Czech Republic

Popis výsledku anglicky

The aim of this paper is to evaluate the impact of all foreign direct investment into Pardubice region in the Czech Republic. These analysed multinational companies gained the institutional support in the form of investment incentives. Based on the comparative analysis of data from the companies` annual reports and Czech statistical office and CzechInvest in 1999-2013, foreign presence is calculated. The foreign presence is together with the technology gap considered as key determinant of spillover effects`creation. The calculated values illustrate low degree of foreign presence – till 8 %, more precisely low potential for the creation of spillover effects. This conclusion confirms the technology gap probed by the Shift-share analysis. It means the decomposition of the technology level of region on the technology, sectors and combination of both these effects. The result is corresponding with the localization of manufactures or manufactures` fragmentation with low added value to the analyzed region. In addition to that, the paper quantifies cultural distance between source countries of the investment and the Czech Republic. The calculation of cultural distance is based on Hofstede´s cultural dimensions by Kogut-Singh index and Euclidean index. In examined time period, investors from total 10 countries invested in Pardubice region and 36 % of them came from Germany. Differences between Germany and Czech Republic in cultural dimensions prove previous studies about their relation to the development of foreign direct investment. Significantly highest cultural distance between Czech Republic and considered countries was found out with Denmark, followed by Netherlands and Great Britain.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

16th International Scientific Conference Globalization and Its Socio-Economics Consequences

ISBN

978-80-8154-191-9

ISSN

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e-ISSN

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Počet stran výsledku

8

Strana od-do

337-344

Název nakladatele

University of Zilina

Místo vydání

Zilina

Místo konání akce

Rajecke Teplice

Datum konání akce

1. 1. 2016

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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