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Mutual trade and investment of the Visegrad countries before and after their EU accession


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  • Gábor HUNYA

    (Vienna Institute of International Economic Studies (wiiw), Austria)

  • Sándor RICHTER

    (Vienna Institute of International Economic Studies (wiiw), Austria)


The paper addresses the period preceding and following the EU accession in 2004 reconstructing the major developments in trade and FDI. It relies on the detailed bilateral trade and FDI data of the Czech Republic, Hungary, Poland and Slovakia. The assessment sheds new light on the growth and restructuring of trade due to integration into the European corporate structures. But unlike trade, FDI between the four Visegrad countries did not change much in the years following EU accession. The conclusion of the paper is that foreign investors coming into these countries from the EU-15 and other advanced countries were the real engines of the revival in mutual trade.

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Bibliographic Info

Article provided by Centre for European Studies, Alexandru Ioan Cuza University in its journal Eastern Journal of European Studies.

Volume (Year): 2(2) (2011)
Issue (Month): (December)
Pages: 77-91

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Handle: RePEc:jes:journl:y:2011:v:2:p:77-91

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Keywords: intra-regional trade; Visegrad Group; FDI;


References listed on IDEAS
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  1. Sandor Richter, 2012. "Changes in the Structure of Intra-Visegrad Trade after the Visegrad Countries’ Accession to the European Union," wiiw Statistical Reports 5, The Vienna Institute for International Economic Studies, wiiw.
  2. Narula, Rajneesh & Bellak, Christian, 2008. "EU enlargement and consequences for FDI assisted industrial development," MERIT Working Papers 067, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  3. Neil Foster-McGregor, 2012. "On the Volume and Variety of Intra-Bloc Trade in an Expanded European Union," wiiw Working Papers 87, The Vienna Institute for International Economic Studies, wiiw.
  4. Lionel Fontagné, 1999. "Foreign Direct Investment and International Trade: Complements or Substitutes?," OECD Science, Technology and Industry Working Papers 1999/3, OECD Publishing.
  5. Markusen, James R., 2002. "Multinational Firms and the Theory of International Trade," MPRA Paper 8380, University Library of Munich, Germany.
  6. Cecília Hornok, 2010. "Trade-Enhancing EU Enlargement and the Resurgence of East-East Trade," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 79-94.
  7. Gabor Hunya, 2004. "Manufacturing FDI in New EU Member States - Foreign Penetration and Location Shifts between 1998 and 2002," wiiw Research Reports 311, The Vienna Institute for International Economic Studies, wiiw.
  8. Gabor Hunya, 2002. "Recent Impacts of Foreign Direct Investment on Growth and Restructuring in Central European Transition Countries," wiiw Research Reports 284, The Vienna Institute for International Economic Studies, wiiw.
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