| Abstract [eng] |
The main purpose of this master thesis is to determine types of foreign direct investments (FDI) in two distinct parts of the European Union (the EU): in 14 countries that were part of the union in 1995 (EU-14) and 8 new member states in Central and Eastern European (CEE) region that joined in 2004. Master thesis consists of three parts: the analysis of the literature, research and its results, a conclusion and recommendations. Literature analysis focused on review of the theories that led to the development of the FDI, application of them in this work, as well as overview of previous research on the FDI determinants in the CEE region. The author defined proxy variables such as GDP, inflation, wage rate, education and resource rents that acted as representatives of certain types of FDI. Following literature analysis, the author applied defined panel data model to carry out the research into FDI determinants in two regions. After calculations were done, the author found out that FDI in EU-14 countries is mainly positively influenced by GDP per capita, while for CEE region rising wages is negative factor and inflation rate has positive influence. Conclusions were made that the EU, although acting like joint economic union, is not homogenous in attracting FDI. The countries of EU-14 region have shown specialization in market-seeking FDI and CEE region in efficiency-seeking type. The natural resource seeking FDI does not have standing in either of regions and asset-seeking FDI requires further research. Author believes that results of the study can be useful for more precise definition of governmental investment-seeking policies. During this work several research gaps were found, mainly in relationship of education and FDI, which author recommends to explore further. |
