INVESTMENT INCENTIVES IN THE ENVIRONMENT OF THE CZECH REPUBLIC

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dc.contributor.authorBlaschke, Petr
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2022-03-28T09:23:17Z
dc.date.available2022-03-28T09:23:17Z
dc.description.abstractInvestment incentives were originally created particularly to support the inflow of foreign capital into transforming economies. Today, they are also available in the developed countries of Western Europe, where they no longer fulfil their primary function but have become a standard and popular economic policy tool allowing the government to emphasise its impact on the country’s positive economic development (e.g., falling unemployment and reductions in unemployment benefits or recovery of public finance). Like any comprehensive system, the system of investment incentives has its supporters and opponents who cannot agree on their justification. The question is, whether they are efficient from the point of view of the government, as their provider. This is even more prevalent if the given investment was realised without investment support. Using the data of investment incentives provided by CzechInvest and selected macroeconomic indicators (Czech Statistical Office), as well as regression analysis of time series dependences, the aim of this paper is to verify the impact of investment supported by incentives (independent variables) on the macroeconomic climate of the Czech Republic (dependent variables) from 1998 to 2019. Based on the research findings, investment incentives cannot be described as an effective economic policy tool that clearly leads to the regions’ economic development. They contribute to an inflow of investments into (not only) structurally problematic regions (i.e., with higher unemployment or a lower economic level), but the positive impact of these investments on the macroeconomic climate is statistically negligible – not only at the regional level (NUTS 3), but also at the level of the whole economy (NUTS 1). In addition, the question remains as to whether or not the supported investments in the given region would have been implemented without the possibility of using incentives.en
dc.formattext
dc.identifier.doi10.15240/tul/001/2022-1-001
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/163512
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.subjectinvestment incentivesen
dc.subjectforeign direct investmenten
dc.subjecteconomic policyen
dc.subjectCzech Republicen
dc.subject.classificationF21
dc.subject.classificationF23
dc.subject.classificationH23
dc.titleINVESTMENT INCENTIVES IN THE ENVIRONMENT OF THE CZECH REPUBLICen
dc.typeArticleen
local.accessopen
local.citation.epage23
local.citation.spage4
local.facultyFaculty of Economics
local.filenameEM_1_2022_1
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue1
local.relation.volume25
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