The Economic Complexity of the Visegrád Countries and the Role of Trade with Germany
Central European Economic Journal, cilt.9, sa.56, ss.219-236, 2022 (Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 9 Sayı: 56
- Basım Tarihi: 2022
- Doi Numarası: 10.2478/ceej-2022-0013
- Dergi Adı: Central European Economic Journal
- Derginin Tarandığı İndeksler: Scopus
- Sayfa Sayıları: ss.219-236
- Anahtar Kelimeler: Central Europe, Economic complexity, Economic transition, International trade, Structural change, Visegrád countries
- Açık Arşiv Koleksiyonu: AVESİS Açık Erişim Koleksiyonu
- Kırklareli Üniversitesi Adresli: Evet
Özet
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.