<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>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.</p>
</abstract>

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.

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

Faculty of Economics and Administrative Sciences

Central European Economic Journal

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The contemporary division of production in the global economy poses challenges typical for dependent market economies of the Visegrád countries (V4: Czechia,...

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

Published Online: Oct 23, 2022

Page range: 219 - 236

DOI: https://doi.org/10.2478/ceej-2022-0013

Keywords
economic complexity, international trade, economic transition, structural change, Central Europe, Visegrád countries

© 2022 Semanur Soyyiğit et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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

Published Online: Oct 23, 2022

Page range: 219 - 236

DOI: https://doi.org/10.2478/ceej-2022-0013

Keywordseconomic complexity, international trade, economic transition, structural change, Central Europe, Visegrád countries

© 2022 Semanur Soyyiğit et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
economic complexity, international trade, economic transition, structural change, Central Europe, Visegrád countries