Suchergebnisse

Empirical research on the differences between unit values in the EU's trade with the Czech Republic & the intra-EU average has shown a significant changes. The comparative level of manufacturing products imported from the Czech republic has increased, the comparative level of products exported to the Czech republic has decreased. The price-gaps, inherited from the communist regime have been substantially reduced. Most remarkable changes of the comparative prices took place in trade with products of metalworking industries. The favorable development of price relations in the Czech foreign trade has been an important element underlying balance of payments performance, it has contributed to the nominal & real improvements of Czech krown & should play an important role in the process of convergence. The analysis is based on Eurostat Comext Database. Tables, Graphs, References. Adapted from the source document.

Focuses on foreign direct investment (FDI) in manufacturing in the Czech Republic, Hungary, Poland, & Slovakia (CECs), where FDI penetration jumped to remarkable high levels in recent years. Foreign investment enterprises are more profitable, export-oriented & technologically superior compared to domestic companies. FDI is perceived as a main channel of technology transfer & potential source of spillovers in host economy, though, estimates of technology transfer show mixed picture in the CECS. FDI spurs restructuring & productivity growth in foreign investment enterprises but FDI rather crowds out domestic companies as spillovers are confirmed only to domestic companies with sufficient technological absorptive capacity. The paper concludes with some policy implications regarding FDI promotion & innovation policy. 6 Tables, 1 Figure, 66 References. Adapted from the source document.

The paper examines the sources of economic growth in the ten new member states of the European Union (EU-10) & in previous member states (EU-15) as a whole. Special attention is devoted to the Czech republic, both from macroeconomic point of view & from the view of nine industries. For the analyses is used growth accounting method, where factors of production are labor, capital & total factor productivity. With the exception of the Czech Republic & EU-15 the reconstruction of capital stock was needed. We have used perpetual inventory method. The analyses has shown, that the main factor of economic growth in EU-10 was total factor productivity, mainly in the Baltic states. In the Czech Republic the main driving force of macroeconomic total factor productivity was manufacturing industry. The fast growing total factor productivity in EU-10 was the main factor of convergence to EU-15. Tables, Graphs, References. Adapted from the source document.