PL EN


2004 | 14 | 168-184
Article title

The Impact of Foreign Direct Investment on the Competitiveness of the Hungarian Economy in the Process of Integration with the European Union

Authors
Selected contents from this journal
Title variants
Languages of publication
PL
Abstracts
EN
In the paper, the results of research into the competitiveness of Hungary's economy in 1995-2002 were presented. The competitiveness of the economy was determined on the level of the manufacturing sector with special regard to the impact of foreign direct investment on the automotive industry and the electrical and optical appliance industry. The above industries that in the 1990s had enjoyed priority governmental support in the form of investment incentives, showed the strongest penetration by the foreign capital. The foreign direct investment (FDI) companies established in these industries made the quickest adaptive structural transformations in the sphere of production and marketing, increased the export volume and decidedly improved the quality of their product offer, thus integrating Hungary into the European production and sales chain. This has been not without influence on the profitability of the FDI companies in the above industries. Thus, the adaptability of the Hungarian economy and its sales and profit making capability in the industries under review have proved to be high, thanks to the foreign direct investment companies. However, at the same time the economy's capability of attracting foreign investment has been considerably weakening, as the volume of foreign investment in the manufacturing sector has been approaching the limit of this sector's absorption capability.
Year
Issue
14
Pages
168-184
Physical description
Document type
ARTICLE
Contributors
author
  • B. Kostro, Uniwersytet Warszawski, Wydzial Nauk Ekonomicznych, ul. Dluga 44/50, 00-241 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
05PLAAAA0040993
YADDA identifier
bwmeta1.element.440c10ab-f0be-3628-b736-97273fe8d950
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.