MODELING OF EXPORTS FLOWS IN THE VISEGRAD SUB-REGION

• Authors: Clarke Daniel , Slovik Patrik
• Languages of publication: EN

Abstracts

EN

This study investigates the determinants of the Visegrad Group (V-4) export performance with special attention to quantitative analysis of bilateral trade flows. Based on preliminary statistical analysis, a broad categorization of export directions for V-4 is introduced. Innovative application of the gravity model for international trade is applied to the various trade direction categories, revealing important results particularly in regards to the significance of inward FDI, the restrictive forces associated with the distance between markets, and the relative importance of estimates for aggregate supply and demand potentials. A new variable is introduced in this study to account for the fact that there is a new political border between Czech Republic and Slovakia. Evidence from this study suggests that the fact that these two now independent nations were unified until about 15 years ago remains a strong positive factor for the size of trade flows between them.

Keywords

EN

FDI; GRAVITY MODEL; TRADE FLOWS; VISEGRAD GROUP

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2007
• Volume: 55
• Issue: 8
• Pages: 747-761
• Document type: ARTICLE

Contributors

author

Clarke Daniel

author

Slovik Patrik

• D. Clarke, Ekonomicky ustav SAV, Sancova 56, 811 05 Bratislava 1, Slovak Republik

Identifiers

CEJSH db identifier

08SKAAAA03467077