Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/83367
Authors: 
Ryšavá, Eva
Galeotti, Elisa
Year of Publication: 
2009
Series/Report no.: 
IES Working Paper 17/2009
Abstract: 
The Czech Republic has been a successful recipient of foreign direct investment over recent years. Therefore, it is important to understand the decisions made by foreign investors where to place their investments and how to decide about their location between alternative industries. The aim of this paper is to find and estimate an econometric model describing the determinants of foreign direct investment (FDI) in manufacturing industry of the CR between 2000-2006. Our model includes several basic economic variables (for example labor, physical capital, R&D, profits per labor. Together with simple techniques of estimation (OLS, fixed effects) we used generalized method of moments (GMM). As an additional technique we used also least trimmed squares estimator (LTS) as a diagnostic tool for the heterogeneous pattern of data.
Subjects: 
foreign direct investment
Czech Republic
manufacturing industry
panel data
GMM
JEL: 
C01
C23
C51
C82
F21
F40
Document Type: 
Working Paper
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