Development of the foreign direct investments in the transitive economies: Example of Central-European Countries (CEC)

Open access


The paper focuses on the foreign direct investments (FDI) in the Central Europe and on the development changes among the individual countries. The paper follows from the work (Gauselmann et al. 2011) dealing with the development of the transient economies with focus on the role of the FDI. The objective of the paper is identification of the impact of the FDI on the economic growth and economic performance during the post-transformation era where differences among the countries at the beginning of the monitored period in 2000 and at the end of 2011 are evaluated based on data of United Nations Conference for Trade and Development. The development of FDI following 2000 was positively influenced by new system of the investment incentives for the foreign investors, accession of the countries to the European Union, it increased their credibility for foreign investors. High inflow of foreign direct investment ended with beginning of the economic crisis in 2008. Current trend in FDI is below its level before the economic crisis, and their amount increase only by few percent per year.

Benáček V (2000) Přímé zahraniční investice v české ekonomice: praxe, teorie a aplikace. Politická ekonomie, 1: 7–24.

Carstensen K, Troubal F (2004) Foreign direct investment in Central and Eastern European countries: a dynamic panel analysis. Journal of Comparative Economics, 32: 3–22.

Estrin S, Hanousek J, Kočenda E, Švejnar J (2009) The Effects of Privatization and Ownership in Transition Economies. Journal of Economic Literature, 2009, 47(3): 699–728.

Gauselmann A, Knell M, Stephan J (2011) What drives FDI in Central–Eastern Europe? Evidence from the IWH-FDI-Micro database. Post-Communist Economies, 23(3): 343–357.

Hlaváček P (2014) The Phenomenon of Foreign Direct Investment in Central Europe. In: Koustký J, Raška P, Dostál P, Herrschel T (eds) Transitions in Regional Science – Regions in Transitions: Regional Research in Central Europe. Wolters-Kluwer, Prague, pp. 135–141.

Hlaváček P, Koutský J (2011) The Polarization Tendencies in Localization of Foreign Direct Investments in the Czech Republic. 10th International Conference of Liberec Economic Forum, Liberec, 186–194.

Hlaváček P, Žambochová M, Siviček T (2015) The Influence of the Institutions on Entrepreneurship Development: Public Support and Perception of Entrepreneurship Development in the Czech Republic. Amfiteatru Economic, 17(38): 408–421.

Maier G, Tödtling F (1997) Regionálna a urbanistická ekonomika. Bratislava, Elita.

Myant M (2014) Transforming Economies and Societies in Central Europe. In: Koustký J, Raška P, Dostál P, Herrschel T (eds) Transitions in Regional Science – Regions in Transitions: Regional Research in Central Europe. Wolters-Kluwer, Prague, pp. 119–134.

Narula R, Dunning JH (2000) Industrial Development, Globalization and Multinational Enterprises. Development Studies, 28(2): 141–167.

Poelhekke S, van der Ploeg F (2009) Foreign direct investment and urban concentrations: unbundling spatial lags. Journal of Regional Science, 49(4): 749–775.

Próchniak M (2001) Determinants of economic growth in Central and Eastern Europe: the global crisis perspective. Post-Communist Economies. 23(4): 449–468.

Sucháček J (2013) Urban Potential for Investment Attraction in the Czech Republic. In: Jiřičková E, Knapková A, Pastuszková E (eds) Finance and the Performance of Firms in Science, Education, and Practice 2013, Zlin: Tomas Bata University, 2013, 718–727.

Šipikal M (2010) Priame zahraničné investície v ekonomike Slovenska. In: WOKOUN, R, TVRDOŇ, J. a kol. Přímé zahraniční investice a regionální rozvoj. 1st ed. Praha: Oeconomica, 47–64.

Toušek V, Tonev P (2003) Foreign Direct Investment in the Czech Republic (with the emphasis on border regions). Acta Universitatis Carolinae, Praha, XXXVIII(1), 445–447.

Tun Y, Azman-Saini W, Law S (2012). International Evidence on the link between Foreign Direct Investment and Institutional Quality. Inzinerine Ekonomika-Engineering Economics, 2012, 23(4): 379–386.


The Journal of Jan Evangelista Purkyne University in Ústí nad Labem

Journal Information


All Time Past Year Past 30 Days
Abstract Views 0 0 0
Full Text Views 103 103 12
PDF Downloads 30 30 2