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Incentives to Attract FDI: Evidence from the Łódź Province

Incentives to Attract FDI: Evidence from the Łódź Province

Tomasz Dorożyński

E-book

Internationalisation is an important process currently observed in the contemporary global economy. It consists in creating and developing diverse forms of cross-border ties between enterprises and foreign direct investment is an example of these. Multinational enterprises are looking for optimal locations in almost all (politically and economically safe) countries and regions across the globe.

Most governments actively compete for investors by offering different incentive schemes, such as, inter alia, fiscal, financial, regulatory, and technical and information instruments and measures. The primary research goal of the study is to assess the importance of incentives offered to foreign direct investors by the evaluation of their effects understood in this case as investor reaction to such incentives. Hence, the process is seen from the investor perspective. The first part of the monograph is devoted to theoretical aspects of assisting foreign investors. The second part, which is empirical, discusses studies conducted to assess the relevance of incentives from the point of view of the host country economy.

The publication is addressed mainly to economists and representatives of international business. It may also be of interest to people engaged in business operations in international contexts: managers, experts, representatives of public administration. The monograph should also be recommended as an excellent supplementary reading for students of all university courses connected with the internationalisation of enterprises.

Preface               7

 

Chapter 1. What do theory and empirical studies teach us about supporting foreign investors  17

    1. Foreign direct investment as a way to business internationalisation            17
      1. Internationalisation and foreign direct investment: overview of definitions    18
      2. Reasons behind making foreign direct investment 21
    2. Foreign direct investment effect on the economy           25
      1. Host country economy  25
      2. Home country economy               31
    3. Location determinants            34
    4. FDI support rationale               38

 

Chapter 2. Location Premises: Perspective of Enterprises with Foreign Capital in Łódź Region   51

    1. Scope of research, methodology and selection of research sample            51
    2. Research sample profile         55
    3. Foreign capital in enterprises                62
    4. Export operations of foreign investors                65
    5. Import operations of foreign investors                71
    6. Competitive locations              73
    7. Importance of institutions for location selection               74
    8. Premises for location choices                81
      1. Distribution of answers and basic descriptive statistics         81
      2. Overall ranking of grounds for location selection   89
      3. Differentiation of grounds for location selection based on overall ranking      90
      4. Differentiation of grounds for location selection based on the Mann-Whitney test      99
      5. Detailed rankings of grounds for location selection               101

 

Chapter 3. Investment Incentives: Perspective of Enterprises with Foreign Capital in the Łódź Region  109

    1. The role of incentives in location choices         109
      1. Overall ranking of investment incentives                110
      2. Differentiated importance of investment incentives based on overall ranking              112
      3. Differentiated importance of investment incentives based on the Mann-Whitney test               120
      4. Detailed ranking of investment incentives              122
    2. Special economic zones         125
    3. The role of State aid in making location choices              125
    4. Post-investment assistance   128
    5. Location factors and the use of State aid           131
    6. Investment incentives and the use of State aid                135

 

Conclusion         139

Bibliography       145

List of tables       175

List of figures     179

About author     181

  • Titel: Incentives to Attract FDI: Evidence from the Łódź Province
  • Autor: Tomasz Dorożyński
  • ISBN: 978-83-822-0230-4, 9788382202304
  • Veröffentlichungsdatum: 2020-10-05
  • Format: E-book
  • Artikelkennung: e_1rt2
  • Verleger: Wydawnictwo Uniwersytetu Łódzkiego