Unemployment Effects of Greenfield and Brownfield Investments in Post-transition European Union Members

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dc.contributor.authorBayar, Yilmaz
dc.contributor.authorRemeikienė, Rita
dc.contributor.authorŽufan, Jan
dc.contributor.authorNovotný, Miloslav
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2020-06-04T08:31:46Z
dc.date.available2020-06-04T08:31:46Z
dc.description.abstractInternational direct and portfolio investments have gone up considerably as of mid-1980s. The foreign direct investments with characteristic of long term horizon may affect the economic variables through know-how and technology transfer, physical capital expansion, and new job creation. However, foreign direct investments may have potential to negatively affect the domestic competitors with insuffi cient competitiveness in the industry. So, the economic effects of FDI infl ows have been one of the much-debated and studied issues in the international economics. This study investigates the unemployment effects of greenfi eld and brownfi eld investments in 11 posttransition EU members over 2003–2017 period through panel cointegration and causality tests. The article fi lls the gap in the literature, because the relevant empirical literature has generally researched the impact of total FDI fl ows on the unemployment/employment. The empirical fi ndings revealed that brownfi eld investments raised the unemployment in overall panel in the long run, but greenfi eld investments had no signifi cant impacts on the unemployment in overall panel in the long run. However, greenfi eld investments decreased the unemployment in Croatia, Hungary, and Slovenia, and raised the unemployment in Poland and Slovakia, while brownfi eld investments raised the unemployment only in Czechia. Consequently, it is not very reasonable to compare our fi ndings with the results of other studies using total FDI infl ows as the independent variable. But, it is generally consistent with theoretical and empirical expectations.en
dc.formattext
dc.identifier.doi10.15240/tul/001/2020-2-001
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/154915
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectgreenfield investmentsen
dc.subjectbrownfield investmentsen
dc.subjectunemploymenten
dc.subjectpanel cointegrationen
dc.subjectcausality analysesen
dc.subject.classificationC33
dc.subject.classificationE24
dc.subject.classificationF21
dc.subject.classificationF23
dc.titleUnemployment Effects of Greenfield and Brownfield Investments in Post-transition European Union Membersen
dc.typeArticleen
local.accessopen
local.citation.epage16
local.citation.spage4
local.facultyFaculty of Economics
local.filenameEM_2_2020_1
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue2
local.relation.volume23
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