With the continuing process of globalization, national economies are intensively interconnecting with external enviroment. It is especially visible for Czech Republic, which geopolitical position stresses the importance of external business relationships. Economic prosperity of countries with open economy is largely determined by export performance and inflow of foreign direct investments, both of which are supported by economic diplomacy. The first scope of this thesis is to evaluate the economic diplomacy of Czech Republic, and secondly to empirically analyze the tools, which economic diplomacy is using - foreign visits of polititians and role of embassies. The gravity model of international trade was used to study the influence of both tools on the foreign trade and investment in Czech Republic between years 1993-2013. The results show, that if at least one visit per year was realized, the export grows by 14%. However, one average high official visit is associated with rising exports by about 4.7%. On the other hand, any realtionship with FDI was not found. Further analysis confirms the importance of the embassies and thier positive impact on foreign trade, in particular with culturally distant countries, where this effect is more pronounced. Futhermore the study showed fading effect of economic...
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:334682 |
| Date | January 2015 |
| Creators | Hofman, Pavel |
| Contributors | Tomeš, Jiří, Blažek, Jan |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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