Open AccessForeign direct investment in the czech manufacturing sector
Author(s) -
Vladimír Benáček,
Alena Zemplinerová
Publication year - 1997
Publication title -
prague economic papers
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.233
H-Index - 17
eISSN - 2336-730X
pISSN - 1210-0455
DOI - 10.18267/j.pep.124
Subject(s) - foreign direct investment , czech , manufacturing sector , business , capital (architecture) , foreign capital , manufacturing , capital intensity , investment (military) , capital investment , value (mathematics) , international economics , economics , market economy , human capital , macroeconomics , finance , geography , linguistics , philosophy , archaeology , marketing , politics , political science , law , machine learning , computer science
In the period of 1991-96 there were large volumes of foreign direct investment directed to various Czech manufacturing industries and services. Our empirical analysis has shown that enterprises of the manufacturing sector, into which the foreign capital was invested, were generally physical capital intensive and labor saving. At the same time, both capital and labor efficiencies in firms with FDI have been significantly above the domestic average. Another salient feature of the FDI enterprises is that they are very export intensive and, on the input side, they have a higher proportion of material inputs and thus relatively lower proportion of value added.