Taxation as a factor in investment attractiveness in the Visegrád countries

Jedlička, Vít

doi:10.1080/14631377.2023.2169522

Cited by 3 publications

(2 citation statements)

References 54 publications

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“…The analysis covered the period from 1965 to 2022. During the research process, the data from the Statistical Review of World Energy [40] were used. The research stages included the following:…”

Section: Methodsmentioning

confidence: 99%

Transformation of Energy Resources in the Visegrad Group: Strategies, Results, and Climate Effectiveness

Jonek-Kowalska,

Rupacz

2024

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The climate challenges posed by the European Union are particularly difficult for emerging and developing economies. This causes reluctance to undertake them and even denial of their validity. For this reason, this article seeks to answer the question of whether it is possible to carry out an effective transformation of energy resources in the developing economies of the Visegrad Group. Analyses in this area are conducted in a long-term, 58-year research perspective (1965–2022) and concern the Czech Republic, Hungary, Poland, and Slovakia. The effectiveness of the examined transformation is assessed in two dimensions as follows: (1) resource and (2) emission, which are then synthesized using a multi-criteria analysis. This research shows that an effective resource transformation aimed at a zero-emission economy is possible even in emerging and developing economies, although it undoubtedly requires time and consistency in the implementation of the once-chosen energy policy. Hungary—a leader in assessed climate effectiveness—has systematically decarbonized while reducing the use of total non-renewable resources. The Hungarian resource transition strategy assumed the use of nuclear energy and an increase in the share of renewable resources. The result of these activities is a quite diversified energy mix, which is greater resource self-sufficiency and low carbon dioxide emissions. The Czech Republic also achieved a similar strategy and results. Poland and Slovakia coped much worse with the climate challenge: although they gave up coal, they replaced it largely with other non-renewable resources. It is worth emphasizing that Poland has managed to significantly increase the use of renewable resources, and nuclear energy and hydropower have also appeared in the Slovak mix. Nevertheless, this did not allow for achieving good climatic results.

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Section: Methodsmentioning

confidence: 99%

Transformation of Energy Resources in the Visegrad Group: Strategies, Results, and Climate Effectiveness

Jonek-Kowalska,

Rupacz

2024

Resources

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“…Polyxeni and Theodore (2019), based on data from 18 developing countries from 1970 to 2016, examined the influence of terrorism on the decisions of foreign investors and concluded that terrorism would discourage FDI inflows into countries. Jedlička (2023) analyzed the determinant of bilateral FDI between OECD economies and Viségrad countries, concluding that corporate taxation strongly affected FDI flows. Mohd Shahidan et al (2023) included the variable of environmental degradation in a study on drivers of FDI in ASEAN+3 countries and went to the conclusion that environmental degradation, together with corruption, influenced FDI in the long run, while inflation imposed a strong impact in the short run.…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of FDI Inflow from European Union Countries to Vietnam: A Panel Data Analysis

Cao Hong Minh

2023

theijbm

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This paper explores the determinants of FDI inflows from EU nations to Vietnam, employing a set of panel data from 26 member countries of EU that have been investing in Vietnam over the period 2012-2020. With the panel dataset, the study estimates three models, including pooled Ordinary Least Square (OLS), Fixed Effect Model (FEM), and Random Effect Model (REM), and then uses several formal tests to determine which model is best suited for data analysis. Based on the results of the F-test, Breusch - Pagan's Lagrange Multiplier test, and Hausman test, the Random Effect Model is preferred. According to the empirical findings, FDI from EU economies to Vietnam might be positively affected by GDP, corruption perception level, or the cleanliness of Vietnam's public sector, which is consistent with the theoretical basis. The effect of trade openness and economic freedom is negative, contrary to expectations. The coefficients of the real exchange rate, infrastructure, and COVID pandemic on FDI inflows are not statistically significant. Further studies should be carried out for a better understanding of these determinants.

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Investment Attractiveness of the Volga Federal District Regions: Typology and Risks

Semina,

Folomeykina,

Yakovenko

2024

Actual Directions of Scientific Researches of the XXI Century: Theory and Practice

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The article studies the investment attractiveness of the regions of the Volga Federal District (VFD) of Russia through the prism of their typology and associated risks. The first stage of the study analyses a wide range of socio-economic indicators, including GDP per capita, unemployment rate, investment in fixed capital and other relevant factors. Institutional conditions, such as the quality of regional governance, the degree of openness to innovation and the level of bureaucratic obstacles for business are also taken into account. Based on the data collected, the regions of the Volga Federal District are classified into several typological groups that differ in terms of investment attractiveness. Each group is characterised by its unique features that make the regions more or less attractive to investors. A comparative analysis is provided to highlight the key advantages and disadvantages of each group. An important part of the study is the assessment of risks associated with investing in specific regions of the district. Economic and political risks are considered, as well as specific regional risks, including infrastructure constraints and environmental concerns. Strategies to minimise these risks are proposed for each type of region, which can be useful for strategic planning for both private investors and government agencies. Practical recommendations are given to improve the investment climate in the Volga Federal District. The authors emphasise the need for an integrated approach combining infrastructure development, improvement of the regulatory environment and promotion of innovation. The findings of the study can become a basis for the development of more effective regional development policies aimed at attracting investment and stimulating economic growth in the Volga Federal District.

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Taxation as a factor in investment attractiveness in the Visegrád countries

Cited by 3 publications

References 54 publications

Transformation of Energy Resources in the Visegrad Group: Strategies, Results, and Climate Effectiveness

Transformation of Energy Resources in the Visegrad Group: Strategies, Results, and Climate Effectiveness

Determinants of FDI Inflow from European Union Countries to Vietnam: A Panel Data Analysis

Investment Attractiveness of the Volga Federal District Regions: Typology and Risks

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