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Relationship of labour costs and labour productivity with foreign direct investment in the V4 countries

Treść / Zawartość
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Warianty tytułu
PL
Relacja kosztów i wydajności pracy w ramach bezpośrednich inwestycji zagranicznych w krajach V4
Języki publikacji
EN
Abstrakty
EN
The aim of this paper was to determine the impact of labour costs and labour productivity on foreign investors when deciding on the placement of their investments in a given country. The relationship between labour costs and labour productivity and the inflow of foreign direct investment was examined. The data necessary for the analysis were obtained from the ILOSTAT database. The analysis for the V4 countries was demonstrated, i.e. the Czech Republic, Hungary, Poland and the Slovak Republic for the period of 2004 to 2018. Correlation analysis was performed to examine the statistical dependence of time series. In the analysis of aggregate data for the V4 countries, was observed only a moderate correlation between the amount of foreign direct investment and indicators of productivity and labour costs.
PL
Celem pracy było określenie wpływu kosztów pracy i wydajności pracy na inwestorów zagranicznych przy podejmowaniu decyzji o lokowaniu inwestycji w danym kraju. Zbadano zależność między kosztami pracy a wydajnością pracy a napływem bezpośrednich inwestycji zagranicznych. Dane niezbędne do analizy uzyskano z bazy danych ILOSTAT. Przedstawiono analizę dla krajów V4, tj. Czech, Węgier, Polski i Słowacji za lata 2004-2018. Analizę korelacji przeprowadzono w celu zbadania zależności statystycznych szeregów czasowych. W analizie danych zagregowanych dla krajów V4 zaobserwowano jedynie umiarkowaną korelację między wielkością bezpośrednich inwestycji zagranicznych a wskaźnikami produktywności i kosztów pracy.
Rocznik
Strony
173--186
Opis fizyczny
Bibliogr. 33 poz., rys., tab.
Twórcy
  • Institute of Economics and Management, Faculty of Natural Sciences, Constantine the Philosopher University in Nitra, Nitra, Slovak Republic
  • Institute of Economics and Management, Faculty of Natural Sciences, Constantine the Philosopher University in Nitra, Nitra, Slovak Republic
  • Institute of Economics and Management, Faculty of Natural Sciences, Constantine the Philosopher University in Nitra, Nitra, Slovak Republic
  • Institute of Economics and Management, Faculty of Natural Sciences, Constantine the Philosopher University in Nitra, Nitra, Slovak Republic
Bibliografia
  • 1. Alfaro, L., Chanda, A., Kalemli-Ozcan, S. and Sayek, S., (2010). Does foreign direct investment promote growth? exploring the role of financial markets on linkages. Journal of Development Economics 91 (2), 242-256.
  • 2. Azman-Saini, W. N. W., Law, S. H. and Ahmad, A. H., (2010). FDI and economic growth: new evidence on the role of financial markets. Economics Letters 107 (2), 211-213.
  • 3. Bacovic, M., Jacimovic, D., Bozovic, M. L., and Ivanovic, M., (2020). The Balkan Paradox: Are Wages and Labour Productivity Significant Determinants of FDI Inflows? Journal of Balkan and Near Eastern Studies, 22.
  • 4. Balasubramanyam, V. N., (2001), New Horizons and Policy Challenges for Foreign Direct Investment in the 21st Century Foreign Direct Investment in Developing Countries: Determinants and Impact. In OECD Global Forum on International Investment. 1-23.
  • 5. Barrell, R., Holland, D., (2000). Foreign Direct Investment and Enterprise Restructuring in Central Europe. Economics of Transition. 8 (2), 477-504.
  • 6. Bevan, A. A., Estrin, S., (2004). The determinants of inward foreign direct investment into European transition economies. Journal of Comparative Economics 32, 775-787.
  • 7. Bilir, K., Chor, D. and Manova, K., (2014). Host-country Financial Development and Multinational Activity. National Bureau of Economic. Research WP Series No. 20046.
  • 8. Bluedorn, J., Duttagupta, R., Guajardo, J. & Topalova, P., (2013). Capital Flows Are Fickle: Anytime, Anywhere. International Monetary Fund, Research Department.
  • 9. Cahyadin, M., (2016). Foreign Direct Investment, Trade Openness, Government Expenditure and Economic Growth in Asian-African Conference Countries, 2000-2014. Journal of Business and Economics Review, 1(1) 9.
  • 10. Djankov, S., Hoekman, B., (1999). Foreign Investment and Productivity Growth in Czech Enterprises. In: World Bank Policy Research Paper 2115.
  • 11. Eurostat, (2020), https://ec.europa.eu/eurostat
  • 12. Fiľa, M., (2017). Innovations and Clusters as an Engine of Enterprises & Regional Development. In: Engines of Urban and Regional Development, 6th Central European Conference in Regional Science - CERS. UMB Banská Bystrica.
  • 13. Girma, S., Gong, Y. and Görg, H., (2008). Foreign Direct Investment, Access to Finance, and Innovation Activity in Chinese Enterprises. The World Bank Economic Review, 22,(2), 367-382.
  • 14. Hanif, H., Rakhman, A., Nurkholis, M. and Pirzada, K., (2019). Intellectual capital: extended VAIC model and building of a new HCE concept: the case of Padang Restaurant Indonesia. African Journal of Hospitality, Tourism and Leisure, 8 (S), 1-15.
  • 15. Hošková, A., (2000). Comparison of the development of foreign direct investment in Slovakia and in transforming economies. Slovak national bank, Bratislava.
  • 16. Husaini, Pirzada, K. and Saiful, (2020). Risk Management, Sustainable Governance Impact on Corporate Performance. Journal of Security and Sustainability Issues, 9(3), 993-1004.
  • 17. Ilostat, (2020). https://ilostat.ilo.org/
  • 18. Javorcik, B., Spatareanu, M., (2009). Tough Love: Do Czech Suppliers Learn from their Relationships with Multinationals? The Scandinavian Journal of Economics, 111, (4), 811-833.
  • 19. Jędruchniewicz, A., (2015). Monetary Policy and Investments in the Polish Economy. Oeconomia Copernicana, 6(3), 7-22.
  • 20. Khachoo, Q., Sharma, R., (2016). FDI and Innovation: An Investigation into Intra- and Inter-industry Effects. Global Economic Reviw, 45, (4).
  • 21. Khawar, M., (2005). Foreign Direct Investment and Economic Growth: A Cross-Country Analysis. Global Eonomy Journal. 5 (1), 1-12.
  • 22. Kong, Q., Guo, R., Wang, Y., Sui, X. and Zhou, S., (2020). Home-country environment and firms’ outward foreign direct investment decision: evidence from Chinese firms. Economic Modelling 85, 390-399.
  • 23. Korenková, M., (2016). Business in Slovakia. In Conference: International Scientific Conference on Region in the Development of the Society, 2016, Brno, Czech Republic, 459-469.
  • 24. Maier, G., Tödtling, F., (1997). Regional and urban economics - Localization theory and spatial structure. ELITA, ekonomická literárna agentúra, Bratislava.
  • 25. Makiela, K., Ouattara, B., (2018). Foreign direct investment and economic growth: exploring the transmission channels. Economic Modelling 72, 296-305.
  • 26. Maros, M., Rybansky, L., (2016). Development of wage disparities in Slovakia and the use of quantitative methods for their analysis, Conference: 19th International Colloquium on Regional Sciences, Cejkovice, Czech Republic, 387-391.
  • 27. Mihi-Rimerez, A., Sobierajc, J. and Garcia-Rodrigez, Y., (2019). Interaction of emigration and immigration with foreign direct investment, international trade and remittances. Economics, 63.
  • 28. Nidar, S. R., Diwangsa, E. J., (2017). The Influence of Global Stock Index and the Economic Indicators of Stock Investment Decision by Foreign Investors in the Indonesian Stock Exchange. Journal of Finance and Banking Review, 2(1), 32-37.
  • 29. Noland, M., Peterson, G. P., (1997). Competition Policy and Foreign Direct Investment. The Japanese Economic Review 48.
  • 30. Onaran, O., Stockhammer, E., (2008). The effect of FDI and foreign trade on wages in the Central and Eastern European Countries in the post-transition era: A sectoral analysis for the manufacturing industry. Structural Change and Economic Dynamics 19, 66-80.
  • 31. Osei, M. J., Kim, J., (2020). Foreign direct investment and economic growth: Is more financial development better? Economic Modelling, 93, 154-161.
  • 32. Sasongko, G., Huruta, A. D. and Pirzada, K., (2019). Why labor force participation rate rises? New empirical evidence from Indonesia, Entrepreneurship and Sustainability. Issues, 7(1), 166-176.
  • 33. Stibale, J., Reize, F., (2010). The impact of FDI through mergers and acquisitions on innovation in target firms. International Journal of Industrial Organization, 29, (2), 155-167.
Uwagi
Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2021).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-08023846-57e2-4ec1-95e6-62039e0c97a6
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