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The Automotive Industry in the Slovak Republic: Recent Developments and Impact on Growth

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dc.contributor.authorJakubiak, Malgorzata
dc.contributor.authorKolesar, Peter
dc.contributor.authorKurekova, Lucia
dc.contributor.authorIzvorski, Ivailo
dc.date.accessioned2017-08-28T17:10:38Z
dc.date.available2017-08-28T17:10:38Z
dc.date.issued2008
dc.description.abstractThis paper analyzes recent automotive investment in the Slovak Republic and shows how the development of the automotive industry has influenced growth in productivity and output in the broader economy. The study also discusses the motivations for automotive investment, with the country evolving from a relative laggard in reform implementation and foreign direct investment in the late 1990s to one of the region's top performers and one of the fastest-growing economies. It is argued that strong reform implementation, together with continued and credible commitment to reforms, were both preconditions for attracting automotive investments and the key factors that enabled these investments to flourish. The reform efforts were made possible by strong political consensus on accelerating European Union (EU) accession and boosting living standards. Taking into account the specificity of the industry, other aspects related to factor endowments have also played a role. Generous investment incentives appear to have played an important role in swaying foreign investors in selecting the Slovak Republic within the broader region of central Europe. Once investment in automotive production started, it contributed to additional investment by suppliers that has helped generate locally owned suppliers. These, in turn, are beginning to supply car producers in neighboring countries. All told, the full impact of the original automotive investment will be felt only over several years, but even in the early years it has been substantial. With output at the existing three producers set to reach capacity only by 2010, the impact is likely to be more substantial still.en
dc.identifierhttp://documents.worldbank.org/curated/en/239331468100744815/The-automotive-industry-in-the-Slovak-Republic-recent-developments-and-impact-on-growth
dc.identifier.doi10.1596/28010
dc.identifier.urihttps://hdl.handle.net/10986/28010
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesCommission on Growth and Development Working Paper;No. 29
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCESSIBILITY
dc.subjectAIRPORT
dc.subjectASYMMETRIC INFORMATION
dc.subjectAUTO INDUSTRY
dc.subjectAUTOMOBILE
dc.subjectAUTOMOBILE PRODUCTION
dc.subjectAUTOMOBILES
dc.subjectAUTOMOTIVE INDUSTRY
dc.subjectAUTOMOTIVE SECTOR
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTOR REFORM
dc.subjectBANKING SYSTEM
dc.subjectBIDDING
dc.subjectBORROWING
dc.subjectBUS
dc.subjectBUSES
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL INVESTMENT
dc.subjectCAR
dc.subjectCAR INDUSTRY
dc.subjectCAR MANUFACTURERS
dc.subjectCARPENTERS
dc.subjectCARS
dc.subjectCENTRAL BANK
dc.subjectCITY TRANSPORT
dc.subjectCLIMATE CHANGE
dc.subjectCOMMERCIAL BANKS
dc.subjectCOUNTRY INVESTOR
dc.subjectCREDIBILITY
dc.subjectCRISES
dc.subjectCURRENCY
dc.subjectCURRENCY DEPRECIATION
dc.subjectDEMOCRACY
dc.subjectDEMOGRAPHIC
dc.subjectDEPOSIT
dc.subjectDEPOSIT RATES
dc.subjectDIVISION OF LABOR
dc.subjectDOMESTIC COMPETITION
dc.subjectDOMESTIC ECONOMY
dc.subjectDOMESTIC INVESTORS
dc.subjectDOMESTIC MARKET
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICIES
dc.subjectECONOMIC REFORM
dc.subjectECONOMIC REFORMS
dc.subjectECONOMICS
dc.subjectEMERGING MARKETS
dc.subjectEMPLOYMENT
dc.subjectEXCHANGE RATE
dc.subjectEXPORTER
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL TRADE
dc.subjectEXTERNALITIES
dc.subjectFINANCIAL BENEFITS
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL INCENTIVES
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL POLICIES
dc.subjectFLAT RATE
dc.subjectFOREIGN COMPANIES
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTMENTS
dc.subjectFOREIGN INVESTOR
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN OWNERSHIP
dc.subjectFREE TRADE
dc.subjectFREE TRADE AGREEMENT
dc.subjectGLOBAL ECONOMY
dc.subjectGOVERNMENT POLICY
dc.subjectGOVERNMENT SUBSIDIES
dc.subjectHEAVY TRUCKS
dc.subjectHIGH UNEMPLOYMENT
dc.subjectHIGHWAY
dc.subjectHIGHWAY CONSTRUCTION
dc.subjectHOST ECONOMY
dc.subjectHOST GOVERNMENT
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINCOME TAX
dc.subjectINCOME TAX RATE
dc.subjectINDEBTEDNESS
dc.subjectINDIVIDUAL INVESTORS
dc.subjectINFLATION
dc.subjectINFORMATION SERVICE
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINNOVATION
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL FINANCE
dc.subjectINVESTING
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT DECISIONS
dc.subjectINVESTMENT ENVIRONMENT
dc.subjectINVESTMENT INCENTIVES
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTOR PERSPECTIVE
dc.subjectJOB CREATION
dc.subjectJOINT VENTURE
dc.subjectLABOR COSTS
dc.subjectLABOR DISPUTES
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MIGRATION
dc.subjectLABOR MOBILITY
dc.subjectLABOR PRODUCTIVITY
dc.subjectLABOR SHORTAGES
dc.subjectLIVING STANDARD
dc.subjectLIVING STANDARDS
dc.subjectLOCAL INFRASTRUCTURE
dc.subjectLOCAL MARKET
dc.subjectLOCAL MARKETS
dc.subjectLOCOMOTIVE
dc.subjectLORRY DRIVERS
dc.subjectMACROECONOMIC POLICIES
dc.subjectMANUFACTURING INDUSTRY
dc.subjectMARKET ECONOMY
dc.subjectMARKET FAILURE
dc.subjectMARKET REFORMS
dc.subjectMARKET TURNOVER
dc.subjectMATHEMATICS
dc.subjectMOBILITY
dc.subjectMONETARY FUND
dc.subjectMORAL HAZARD
dc.subjectMOTOR VEHICLE
dc.subjectMOTOR VEHICLE INDUSTRY
dc.subjectMOTOR VEHICLES
dc.subjectNATIONAL CURRENCIES
dc.subjectNEW MARKETS
dc.subjectORGANIZED CRIME
dc.subjectOUTPUT
dc.subjectPARENT COMPANY
dc.subjectPENSION
dc.subjectPENSION REFORM
dc.subjectPENSION SYSTEM
dc.subjectPENSIONERS
dc.subjectPENSIONS
dc.subjectPERSONAL INCOME
dc.subjectPORTFOLIO
dc.subjectPRIVATIZATION
dc.subjectPRODUCTION PROCESS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROFITABILITY
dc.subjectPUBLIC CRITICISM
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC PERCEPTION
dc.subjectRAILWAY
dc.subjectRAPID EXPANSION
dc.subjectRAPID GROWTH
dc.subjectREAL WAGES
dc.subjectREFERENDUM
dc.subjectRETURN
dc.subjectROAD
dc.subjectSAFETY
dc.subjectSECURITIES
dc.subjectSECURITIES MARKET
dc.subjectSECURITIES MARKETS
dc.subjectSECURITY COSTS
dc.subjectSINGLE MARKET
dc.subjectSKILLED LABOR
dc.subjectSOCIAL ISSUE
dc.subjectSOCIAL PROTECTION
dc.subjectSTART UP CAPITAL
dc.subjectSTATEMENT
dc.subjectSTRATEGIC INVESTOR
dc.subjectSUPPLIERS
dc.subjectTAX
dc.subjectTAX BREAKS
dc.subjectTAX CONCESSIONS
dc.subjectTAX EXEMPTIONS
dc.subjectTAX INCENTIVES
dc.subjectTAX RATE
dc.subjectTAX RATES
dc.subjectTAX SYSTEM
dc.subjectTOP MANAGEMENT
dc.subjectTRANSITION COUNTRIES
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT COSTS
dc.subjectTRANSPORT EQUIPMENT
dc.subjectTRANSPORTATION
dc.subjectTURNOVER
dc.subjectUNEMPLOYED
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectUNEMPLOYMENT RATES
dc.subjectWAGE DIFFERENTIALS
dc.subjectWAGE INCREASES
dc.titleThe Automotive Industry in the Slovak Republicen
dc.title.subtitleRecent Developments and Impact on Growthen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2010-12-01
okr.date.doiregistration2025-04-15T11:36:00.087884Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/239331468100744815/The-automotive-industry-in-the-Slovak-Republic-recent-developments-and-impact-on-growth
okr.guid239331468100744815
okr.identifier.externaldocumentum000356161_20101202015912
okr.identifier.internaldocumentum13185853
okr.identifier.report57728
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/239331468100744815/pdf/577280NWP0Box353766B01PUBLIC10gcwp029web.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countrySlovak Republic
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicIndustry::Industrial Economics
okr.topicPrivate Sector Development::Legal Regulation and Business Environment
okr.unitDevelopment Research Group (DECRG)
relation.isAuthorOfPublication1c6a6184-37da-4d0b-a30a-a4779e7c6fea
relation.isAuthorOfPublication.latestForDiscovery1c6a6184-37da-4d0b-a30a-a4779e7c6fea
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