Working Paper

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

Show simple item record

collection.link.122
https://openknowledge.worldbank.org/handle/10986/4397
collection.name.122
Commission on Growth and Development
dc.contributor.author
Jakubiak, Malgorzata
dc.contributor.author
Kolesar, Peter
dc.contributor.author
Izvorski, Ivailo
dc.contributor.author
Kurekova, Lucia
dc.date.accessioned
2017-08-28T17:10:38Z
dc.date.available
2017-08-28T17:10:38Z
dc.date.issued
2008
dc.date.lastModified
2021-04-23T14:04:46Z
dc.description.abstract
This 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.identifier
http://documents.worldbank.org/curated/en/239331468100744815/The-automotive-industry-in-the-Slovak-Republic-recent-developments-and-impact-on-growth
dc.identifier.uri
http://hdl.handle.net/10986/28010
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Commission on Growth and Development Working Paper;No. 29
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ACCESSIBILITY
dc.subject
AIRPORT
dc.subject
ASYMMETRIC INFORMATION
dc.subject
AUTO INDUSTRY
dc.subject
AUTOMOBILE
dc.subject
AUTOMOBILE PRODUCTION
dc.subject
AUTOMOBILES
dc.subject
AUTOMOTIVE INDUSTRY
dc.subject
AUTOMOTIVE SECTOR
dc.subject
BANKING SECTOR
dc.subject
BANKING SECTOR REFORM
dc.subject
BANKING SYSTEM
dc.subject
BIDDING
dc.subject
BORROWING
dc.subject
BUS
dc.subject
BUSES
dc.subject
BUSINESS ENVIRONMENT
dc.subject
CAPITAL INVESTMENT
dc.subject
CAR
dc.subject
CAR INDUSTRY
dc.subject
CAR MANUFACTURERS
dc.subject
CARPENTERS
dc.subject
CARS
dc.subject
CENTRAL BANK
dc.subject
CITY TRANSPORT
dc.subject
CLIMATE CHANGE
dc.subject
COMMERCIAL BANKS
dc.subject
COUNTRY INVESTOR
dc.subject
CREDIBILITY
dc.subject
CRISES
dc.subject
CURRENCY
dc.subject
CURRENCY DEPRECIATION
dc.subject
DEMOCRACY
dc.subject
DEMOGRAPHIC
dc.subject
DEPOSIT
dc.subject
DEPOSIT RATES
dc.subject
DIVISION OF LABOR
dc.subject
DOMESTIC COMPETITION
dc.subject
DOMESTIC ECONOMY
dc.subject
DOMESTIC INVESTORS
dc.subject
DOMESTIC MARKET
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC PERFORMANCE
dc.subject
ECONOMIC POLICIES
dc.subject
ECONOMIC REFORM
dc.subject
ECONOMIC REFORMS
dc.subject
ECONOMICS
dc.subject
EMERGING MARKETS
dc.subject
EMPLOYMENT
dc.subject
EXCHANGE RATE
dc.subject
EXPORTER
dc.subject
EXTERNAL DEBT
dc.subject
EXTERNAL TRADE
dc.subject
EXTERNALITIES
dc.subject
FINANCIAL BENEFITS
dc.subject
FINANCIAL CRISES
dc.subject
FINANCIAL INCENTIVES
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL MARKET
dc.subject
FINANCIAL SECTOR
dc.subject
FINANCIAL SYSTEM
dc.subject
FISCAL DEFICIT
dc.subject
FISCAL POLICIES
dc.subject
FLAT RATE
dc.subject
FOREIGN COMPANIES
dc.subject
FOREIGN DEBT
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN INVESTMENT
dc.subject
FOREIGN INVESTMENTS
dc.subject
FOREIGN INVESTOR
dc.subject
FOREIGN INVESTORS
dc.subject
FOREIGN OWNERSHIP
dc.subject
FREE TRADE
dc.subject
FREE TRADE AGREEMENT
dc.subject
GLOBAL ECONOMY
dc.subject
GOVERNMENT POLICY
dc.subject
GOVERNMENT SUBSIDIES
dc.subject
HEAVY TRUCKS
dc.subject
HIGH UNEMPLOYMENT
dc.subject
HIGHWAY
dc.subject
HIGHWAY CONSTRUCTION
dc.subject
HOST ECONOMY
dc.subject
HOST GOVERNMENT
dc.subject
HUMAN CAPITAL
dc.subject
INCOME
dc.subject
INCOME TAX
dc.subject
INCOME TAX RATE
dc.subject
INDEBTEDNESS
dc.subject
INDIVIDUAL INVESTORS
dc.subject
INFLATION
dc.subject
INFORMATION SERVICE
dc.subject
INFRASTRUCTURE DEVELOPMENT
dc.subject
INNOVATION
dc.subject
INTERNATIONAL BANK
dc.subject
INTERNATIONAL DEVELOPMENT
dc.subject
INTERNATIONAL FINANCE
dc.subject
INVESTING
dc.subject
INVESTMENT CLIMATE
dc.subject
INVESTMENT DECISIONS
dc.subject
INVESTMENT ENVIRONMENT
dc.subject
INVESTMENT INCENTIVES
dc.subject
INVESTMENT PROJECTS
dc.subject
INVESTOR PERSPECTIVE
dc.subject
JOB CREATION
dc.subject
JOINT VENTURE
dc.subject
LABOR COSTS
dc.subject
LABOR DISPUTES
dc.subject
LABOR FORCE
dc.subject
LABOR MARKET
dc.subject
LABOR MIGRATION
dc.subject
LABOR MOBILITY
dc.subject
LABOR PRODUCTIVITY
dc.subject
LABOR SHORTAGES
dc.subject
LIVING STANDARD
dc.subject
LIVING STANDARDS
dc.subject
LOCAL INFRASTRUCTURE
dc.subject
LOCAL MARKET
dc.subject
LOCAL MARKETS
dc.subject
LOCOMOTIVE
dc.subject
LORRY DRIVERS
dc.subject
MACROECONOMIC POLICIES
dc.subject
MANUFACTURING INDUSTRY
dc.subject
MARKET ECONOMY
dc.subject
MARKET FAILURE
dc.subject
MARKET REFORMS
dc.subject
MARKET TURNOVER
dc.subject
MATHEMATICS
dc.subject
MOBILITY
dc.subject
MONETARY FUND
dc.subject
MORAL HAZARD
dc.subject
MOTOR VEHICLE
dc.subject
MOTOR VEHICLE INDUSTRY
dc.subject
MOTOR VEHICLES
dc.subject
NATIONAL CURRENCIES
dc.subject
NEW MARKETS
dc.subject
ORGANIZED CRIME
dc.subject
OUTPUT
dc.subject
PARENT COMPANY
dc.subject
PENSION
dc.subject
PENSION REFORM
dc.subject
PENSION SYSTEM
dc.subject
PENSIONERS
dc.subject
PENSIONS
dc.subject
PERSONAL INCOME
dc.subject
PORTFOLIO
dc.subject
PRIVATIZATION
dc.subject
PRODUCTION PROCESS
dc.subject
PRODUCTIVITY
dc.subject
PRODUCTIVITY GROWTH
dc.subject
PROFITABILITY
dc.subject
PUBLIC CRITICISM
dc.subject
PUBLIC FINANCE
dc.subject
PUBLIC FINANCES
dc.subject
PUBLIC FUNDS
dc.subject
PUBLIC PERCEPTION
dc.subject
RAILWAY
dc.subject
RAPID EXPANSION
dc.subject
RAPID GROWTH
dc.subject
REAL WAGES
dc.subject
REFERENDUM
dc.subject
RETURN
dc.subject
ROAD
dc.subject
SAFETY
dc.subject
SECURITIES
dc.subject
SECURITIES MARKET
dc.subject
SECURITIES MARKETS
dc.subject
SECURITY COSTS
dc.subject
SINGLE MARKET
dc.subject
SKILLED LABOR
dc.subject
SOCIAL ISSUE
dc.subject
SOCIAL PROTECTION
dc.subject
START UP CAPITAL
dc.subject
STATEMENT
dc.subject
STRATEGIC INVESTOR
dc.subject
SUPPLIERS
dc.subject
TAX
dc.subject
TAX BREAKS
dc.subject
TAX CONCESSIONS
dc.subject
TAX EXEMPTIONS
dc.subject
TAX INCENTIVES
dc.subject
TAX RATE
dc.subject
TAX RATES
dc.subject
TAX SYSTEM
dc.subject
TOP MANAGEMENT
dc.subject
TRANSITION COUNTRIES
dc.subject
TRANSPARENCY
dc.subject
TRANSPORT COSTS
dc.subject
TRANSPORT EQUIPMENT
dc.subject
TRANSPORTATION
dc.subject
TURNOVER
dc.subject
UNEMPLOYED
dc.subject
UNEMPLOYMENT
dc.subject
UNEMPLOYMENT RATE
dc.subject
UNEMPLOYMENT RATES
dc.subject
WAGE DIFFERENTIALS
dc.subject
WAGE INCREASES
dc.title
The Automotive Industry in the Slovak Republic
en
dc.title.subtitle
Recent Developments and Impact on Growth
en
dc.type
Working Paper
en
okr.date.disclosure
2010-12-01
okr.doctype
Publications & Research :: Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/239331468100744815/The-automotive-industry-in-the-Slovak-Republic-recent-developments-and-impact-on-growth
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000356161_20101202015912
okr.identifier.internaldocumentum
13185853
okr.identifier.report
57728
okr.imported
true
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/239331468100744815/pdf/577280NWP0Box353766B01PUBLIC10gcwp029web.pdf
en
okr.region.administrative
Europe and Central Asia
okr.region.country
Slovak Republic
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Macroeconomics and Economic Growth :: Investment and Investment Climate
okr.topic
Industry :: Industrial Economics
okr.topic
Private Sector Development :: Legal Regulation and Business Environment
okr.unit
Development Research Group (DECRG)

Show simple item record



This item appears in the following Collection(s)