| Abstract [eng] |
The thesis assesses foreign direct investment influence on the productivity of European Union countries, while taking into account the differences in conditions of the investment-receiving countries. The conceptual part of the thesis reviews literature on the matters of foreign direct investments, country productivity and interaction of these notions. It was established that an unambiguous answer to what effect foreign direct investments have on the investment-receiving country can not be given by theoretical suppositions and earlier empiric tests. The analytic-investigative part of the thesis substantiates the research methodology. A distribution and dynamics analysis of foreign direct investments revealed that the amount of investments increased in almost all European Union countries, despite economic crisis and other unrest in the world. It was established that the longstanding European Union member countries attract greater amounts of these investments than the new members. Work efficiency is also higher in these countries, compared to the new countries. However, the work efficiency growth rate is greater in the new member countries, therefore the difference diminishes. Assessing the influence of foreign direct investments on European Union country productivity, it was determined that in the period between year 2004-2013 these investments promoted work efficiency growth in European Union countries receiving these investments. Ascertaining the existence of influence enabled investigation of hypotheses about differences in the influence. The results of the investigation allow to conclude that foreign direct investment influence is lesser on longstanding European Union member countries than new member countries. No significant differences in influence for this type of investments were detected in regards to investment-receiving countries' accumulated human capital. |
