Aim of this thesis is to evaluate impact of foreign direct investments on convergence/divergence of the Visegrad four to EU15. Theoretical part contains necessary knowledge to execute this evaluation and includes review of empirical research employed with impact of FDI on economic growth. In first part of empirical analysis beta-convergence model is used to discover convergence of observed countries during period 1995-2015. Estimation uses OLS regression. The results show successful convergence of V4 to EU15. Afterwards there is analysis of impact of FDI on economic growth for the same period. Four models with escalating difficulty were used to evaluate this impact by using panel data regression. Pooled OLS and fixed effects are methods used in this regression. In the last model, more EU transition countries are included to confirm one of investigated hypotheses. Results of this analysis show significant and positive impact of FDI on economic growth in EU transitive economies. Using only V4 countries, I did not find out this impact to be significant. At last, all results are evaluated and given to mutual context. Recommendations to economic policy makers are included as well.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:431425 |
| Date | January 2017 |
| Creators | Hlavizňa, Antonín |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
Page generated in 0.002 seconds