Dopad investičních pobídek na objem investic v České republice

0376475 - NHÚ 2013 RIV CZ cze J - Journal Article
Bolcha, P. - Zemplinerová, Alena
Dopad investičních pobídek na objem investic v České republice.
[The effect of investment incentives on investment in the Czech Republic.]
Politická ekonomie. Roč. 60, č. 1 (2012), s. 81-100. ISSN 0032-3233. E-ISSN 0032-3233
R&D Projects: GA ČR(CZ) GAP402/11/2362
Institutional research plan: CEZ:AV0Z70850503
Keywords : foreign direct investment * investment incentives * matching estimator
Subject RIV: AH - Economics
Impact factor: 0.722, year: 2012
http://www.vse.cz/polek/abstrakt.php3?IDcl=833

V tomto článku je prezentována analýza kauzalního dopadu politiky investičních pobídek na růst investic firem podpořených v období 2005-2006. Hledáme odpověď na následující otázku: jaký je přírůstek investic vyvolaný vládou poskytnutými investičními pobídkami, respektive jaká by byla výše investic, pokud by neexistovala vládní politika investičních pobídek?

The policy of investment incentives is applied in majority of countries all over the world. This popularity is in contradiction with rare academic analyses. This paper sheds some light on causal impact of such policy on investment of supported firms in Czech Republic. We use individual level panel data containing crucial observables about the firm behaviour. We overcome the selection problem by application of propensity score matching. Our comparison of investment behaviour of supported firms and firms from control group shows that the extra investment generated (or maybe only accelerated) was at most 26% of contracted amounts. Even with constraints and assumptions we explicitly discuss in our work, this indicates that the arguments for the provision of this policy in Czech economy are not valid. These findings are in line with mixed (but mostly similar) empirical evidence from other countries.
Permanent Link: http://hdl.handle.net/11104/0208861