The Economic Complexity of the Visegrád Countries and the Role of Trade with Germany

• Authors: Semanur Soyyiğit , Bartosz Michalski

Abstracts

EN

The contemporary division of production in the global economy poses challenges typical for dependent market economies of the Visegrád countries (V4: Czechia, Hungary, Poland, and Slovakia). This comparative study explores whether the foreign trade of V4 with Germany contributes to their structural change. The analysis seeks to determine the long-term impact of specific intra-industry trade variables on the economic complexity, examined at different levels of technological sophistication. Our findings show that as a result of the characteristics of the trade dynamics, the progress of V4 structural change remains not as comprehensive as expected. As a result, it is critically important to provide incentives aimed at strengthening the geographical diversification of their exports and upgrade their position within the global value chains.

Keywords

EN

economic complexity; international trade; economic transition; structural change; Central Europe; Visegrád countries

• Publisher: Uniwersytet Warszawski. Wydział Nauk Ekonomicznych
• Journal: Central European Economic Journal
• Year: 2022
• Volume: 9
• Issue: 56
• Pages: 219-236

Dates

published

2022

Contributors

author

Semanur Soyyiğit

• Kirklareli University, Faculty of Economics and Administrative Sciences, Kayali Campus, Turkey

• https://orcid.org/0000000256796875

author

Bartosz Michalski

• University of Wrocław, Institute for International Studies, Wrocław, Poland

• https://orcid.org/0000000208240098

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Identifiers

DOI

10.2478/ceej-2022-0013

Biblioteka Nauki

2167581