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Politická ekonomie investičních pobídek

Plojhar, Miroslav and Srholec, Martin LU (2004) In Politicka Ekonomie 52(4). p.451-466
Abstract

The paper focuses on selective investment incentives, which are aimed primarily to attract foreign direct investment, in the context of the new EU Member States, namely the Czech Republic, Hungary, Poland and Slovakia. We discuss the issue within three closely related dimensions. We point to a potential conflict of interests between host country governments and multinational companies in promoting technology spillovers from foreign direct investment in the host economies. We examine the prisoner dilemma of the host governments in mutual competition for mobile direct investment and a room to achieve multilateral or strengthening regional agreement on investment to reduce a possible wealth reducing content of such policies. Finally, we... (More)

The paper focuses on selective investment incentives, which are aimed primarily to attract foreign direct investment, in the context of the new EU Member States, namely the Czech Republic, Hungary, Poland and Slovakia. We discuss the issue within three closely related dimensions. We point to a potential conflict of interests between host country governments and multinational companies in promoting technology spillovers from foreign direct investment in the host economies. We examine the prisoner dilemma of the host governments in mutual competition for mobile direct investment and a room to achieve multilateral or strengthening regional agreement on investment to reduce a possible wealth reducing content of such policies. Finally, we discuss national context of the investment incentives with regards to the rent-seeking behaviour of various interest groups and contradictory role of the investment promotion agency in the process of decision-making about investment promotion policies. We conclude with brief implications for development policy.

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Please use this url to cite or link to this publication:
author
alternative title
Political economics of investment incentives
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Foreign direct investment, Investment incentives, Multilateral agreement on investment, Partial interest groups, State aid
in
Politicka Ekonomie
volume
52
issue
4
pages
16 pages
publisher
Vysoka Skola Ekonomicka
external identifiers
  • Scopus:4344600592
ISSN
0032-3233
language
Unknown
LU publication?
no
id
7d5054bc-2bc4-4d63-b09b-19b899b5e411
date added to LUP
2016-05-18 13:22:34
date last changed
2016-07-04 12:58:12
@misc{7d5054bc-2bc4-4d63-b09b-19b899b5e411,
  abstract     = {<p>The paper focuses on selective investment incentives, which are aimed primarily to attract foreign direct investment, in the context of the new EU Member States, namely the Czech Republic, Hungary, Poland and Slovakia. We discuss the issue within three closely related dimensions. We point to a potential conflict of interests between host country governments and multinational companies in promoting technology spillovers from foreign direct investment in the host economies. We examine the prisoner dilemma of the host governments in mutual competition for mobile direct investment and a room to achieve multilateral or strengthening regional agreement on investment to reduce a possible wealth reducing content of such policies. Finally, we discuss national context of the investment incentives with regards to the rent-seeking behaviour of various interest groups and contradictory role of the investment promotion agency in the process of decision-making about investment promotion policies. We conclude with brief implications for development policy.</p>},
  author       = {Plojhar, Miroslav and Srholec, Martin},
  issn         = {0032-3233},
  keyword      = {Foreign direct investment,Investment incentives,Multilateral agreement on investment,Partial interest groups,State aid},
  language     = {und},
  number       = {4},
  pages        = {451--466},
  publisher    = {ARRAY(0x92642a8)},
  series       = {Politicka Ekonomie},
  title        = {Politická ekonomie investičních pobídek},
  volume       = {52},
  year         = {2004},
}