Foreign direct investment in central europe - does it crowd in domestic investment?

Jan Mišun, Vladimír Tomšík
2002 Prague Economic Papers  
In this article, we tried to estimate whether foreign direct investment in the Czech Republic, Hungary and Poland crowds in or crowds out domestic investment. We used a model of total investment that introduced, from the point of view of the recipient country, foreign direct investment as an exogenous variable. We found that for the time period 1990 - 2000 there was an evidence of crowding out effect in Poland. In Hungary we found a crowding in effect for the time period 1990 - 2000 as well as
more » ... - 2000 as well as for the Czech Republic for the time period 1993 - 2000.
doi:10.18267/j.pep.188 fatcat:sldn7lxqj5ccliem5iithbd2e4