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Relationship between the Consumption and the Capital Involvement in Central and Eastern European Countries
Authors: Kraftová Ivana | Kraft Jiří
Year: 2015
Type of publication: článek ve sborníku
Name of source: Proceedings from 5th Central European Conference in Regional Science
Publisher name: Technická univerzita v Košiciach
Place: Košice
Page from-to: 450-460
Titles:
Language Name Abstract Keywords
cze Vztah mezi spotřebou a kapitálovou angažovaností v zemích SVE The countries of Central and Eastern Europe (CEE countries) began to restore or more precisely establish a market economy in the nineties of the last century. Domestic capital resources were mobilized in the privatization processes and the sector of small and medium enterprises was being developed. In that period, which was characterized by an increasing rate of global product network formation, the CEE countries could also represent an interesting market for foreign capital searching the environment for the high level of appreciation. The market was distinguished by a relatively low-cost but concurrently educated workforce. The focus of the research presented in this article is the link between the capital involvement and the impact on the price level of consumption. It is generally assumed that the capital seeks the regions with a relatively lower wage level. It is related to the lower purchasing demand which may be only saturated if the lower price level of consumer commodities is provided. Based on the development of chosen indicators on one side of the capital involvement and the level of wages and consumer prices on the other side the relations among economic phenomena are analyzed in the group of selected CEE countries. The level of differences is evaluated within researched countries in the given trend. The aim is to verify the hypothesis of relational expression: low wages evoke the capital involvement increasing and concurrently they force the low level of consumption prices in the country or region. It is important to see that the capital involvement is not only dependent on the economic factors but non-economic as well, e.g. political stability. investice; parametr tržní velikosti; index CIP; úroveň mezd; úroveň spotřebních cen; evaluační model
eng Relationship between the Consumption and the Capital Involvement in Central and Eastern European Countries The Central and Eastern European countries (CEE countries) began to restore or more precisely establish a market economy in the nineties of the last century. Domestic capital resources were mobilized in the privatization processes and the sector of small and medium enterprises was being developed. In that period, which was characterized by an increasing rate of global product network formation, the CEE countries could also represent an interesting market for foreign capital searching for the environment for a high level appreciation. The market was distinguished by a relatively low-cost but concurrently educated workforce. The focus of the research presented in this article is the link between the capital involvement and the impact on the consumption price level. It is generally assumed that the capital seeks the regions with a relatively lower wage level. It is related to the lower purchasing demand which may be only saturated if the lower price level of consumer commodities is provided. Based on the development of selected indicators on the one hand of the capital involvement and the level of wages and consumer prices on the other hand, the relations between economic phenomena are analysed in the group of selected CEE countries. The level of differences is evaluated within researched countries in the given trend. The aim is to verify the hypothesis related to the main allocation factors of the capital with an emphasis on the relationship: low labour costs evoke low level of consumption prices in the country and/or region. It is important to see that the capital involvement is not only dependent on the economic factors but on non-economic ones as well, e.g. on political stability. investments; parameter of market size; CIP index; wage level; consumption price level; evaluation model

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