Foreign direct investments and participation in global value chains: New evidence from advanced manufacturing industries in Central and Eastern Europe

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dc.contributor.authorKersan-Skabic, Ines
dc.contributor.authorBarisic, Antea
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2023-12-04T11:47:23Z
dc.date.available2023-12-04T11:47:23Z
dc.description.abstractForeign direct investments (FDIs) and trade within global value chains (GVC) have been considered one of the most important vehicles of economic development and competitiveness, especially for countries in transition. The countries of Central and Eastern Europe are competing to attract not only high amounts of FDI inflows but they also put emphasis on the FDIs’ sectoral structure. FDI inflows into advanced industries can represent the basis of technological development that will lead to the creation of a greater number of high-skill jobs and a higher level of innovation, thereby influencing the reduction of the economic gap in relation to developed countries. This study aims to explore the importance of FDI inward stock for GVC participation in the advanced manufacturing industries in eleven EU member states that transferred to market economies in the 1990s and attracted vast amounts of FDI inflows since then. The dynamic panel data analysis results indicate the importance of FDI inward stock in the manufacturing industry for the GVC participation in advanced manufacturing industries across this set of countries while also stressing the important implications of manufacturing share in GDP changes for these industries’ backward GVC participation. The findings confirm a positive association between attracting FDI in the manufacturing sector and GVC integration in advanced manufacturing industries. Such FDI targeting can be a vehicle for internationalization and development of high-tech and knowledge-based industries.en
dc.formattext
dc.identifier.doi10.15240/tul/001/2023-4-001
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/174243
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectForeign direct investmenten
dc.subjectglobal value chainsen
dc.subjectCentral and Eastern Europeen
dc.subjectadvanced industriesen
dc.subjectmanufacturingen
dc.subject.classificationF12
dc.subject.classificationF14
dc.subject.classificationF21
dc.titleForeign direct investments and participation in global value chains: New evidence from advanced manufacturing industries in Central and Eastern Europeen
dc.typeArticleen
local.accessopen
local.citation.epage16
local.citation.spage4
local.facultyFaculty of Economics
local.filenameEM_4_2023_1
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue4
local.relation.volume26
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