Unemployment Effects of Greenfield and Brownfield Investments in Post-transition European Union Members

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dc.contributor.authorBayar, Yilmazcs
dc.contributor.authorRemeikiene, Ritacs
dc.contributor.authorŽufan, Jancs
dc.contributor.authorNovotný, Miloslavcs
dc.coverage.issue2cs
dc.coverage.volume23cs
dc.date.issued2020-10-08cs
dc.description.abstractInternational direct and portfolio investments have gone up considerably as of mid-1980s. The foreign direct investments with characteristic of long term horizon may affect the economic variables through know-how and technology transfer, physical capital expansion, and new job creation. However, foreign direct investments may have potential to negatively affect the domestic competitors with insufficient competitiveness in the industry. So, the economic effects of FDI inflows have been one of the much-debated and studied issues in the international economics. This study investigates the unemployment effects of greenfield and brownfield investments in 11 post-transition EU members over 2003-2017 period through panel cointegration and causality tests. The article fills the gap in the literature, because the relevant empirical literature has generally researched the impact of total FDI flows on the unemployment/employment. The empirical findings revealed that brownfield investments raised the unemployment in overall panel in the long run, but greenfield investments had no significant impacts on the unemployment in overall panel in the long run. However, greenfield investments decreased the unemployment in Croatia, Hungary, and Slovenia, and raised the unemployment in Poland and Slovakia, while brownfield investments raised the unemployment only in Czechia. Consequently, it is not very reasonable to compare our findings with the results of other studies using total FDI inflows as the independent variable. But, it is generally consistent with theoretical and empirical expectations.en
dc.formattextcs
dc.format.extent4-16cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationE a M: Ekonomie a Management. 2020, vol. 23, issue 2, p. 4-16.en
dc.identifier.doi10.15240/tul/001/2020-2-001cs
dc.identifier.issn1212-3609cs
dc.identifier.orcid0000-0001-7842-6966cs
dc.identifier.other170608cs
dc.identifier.researcheridAAD-6425-2019cs
dc.identifier.scopus54403489400cs
dc.identifier.urihttp://hdl.handle.net/11012/196483
dc.language.isoencs
dc.publisherTechnická univerzita v Libercics
dc.relation.ispartofE a M: Ekonomie a Managementcs
dc.relation.urihttp://www.ekonomie-management.cz/en/archiv/search/detail/1868-unemployment-effects-of-greenfield-and-brownfield-investments-in-post-transition-european-union-members/cs
dc.rightsCreative Commons Attribution-NonCommercial 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/1212-3609/cs
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/cs
dc.subjectGreenfield investmentsen
dc.subjectbrownfield investmentsen
dc.subjectunemploymenten
dc.subjectpanel cointegrationen
dc.subjectcausality analysesen
dc.titleUnemployment Effects of Greenfield and Brownfield Investments in Post-transition European Union Membersen
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-170608en
sync.item.dbtypeVAVen
sync.item.insts2025.02.03 15:44:52en
sync.item.modts2025.01.17 15:19:48en
thesis.grantorVysoké učení technické v Brně. Fakulta stavební. Ústav pozemního stavitelstvícs
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