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Dopad investičních pobídek na objem investic v České republice
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SYSNO ASEP 0376475 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Článek ve WOS Title Dopad investičních pobídek na objem investic v České republice Title The effect of investment incentives on investment in the Czech Republic Author(s) Bolcha, P. (CZ)
Zemplinerová, Alena (NHU-N) RIDSource Title Politická ekonomie. - : Vysoká škola ekonomická v Praze - ISSN 0032-3233
Roč. 60, č. 1 (2012), s. 81-100Number of pages 20 s. Language cze - Czech Country CZ - Czech Republic Keywords foreign direct investment ; investment incentives ; matching estimator Subject RIV AH - Economics R&D Projects GAP402/11/2362 GA ČR - Czech Science Foundation (CSF) CEZ AV0Z70850503 - NHU-N (2005-2011) UT WOS 000302048300005 Annotation 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? Description in English 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. Workplace Economics Institute Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2013
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