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Comparison of Competitiveness and Business Performance in the Visegrád Group since the EU Accession: A Quantitative Analysis

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  • Ilya Bolotov

Abstract

The goal of this paper is to analyze main changes in the business performance - as in part of the overall competitiveness - of the Visegrád Group, i.e. Czech Republic, Slovak Republic, Poland and Hungary, in the last ten years, 2004-2014, based on Pearson correlation, Chow and Granger Causality tests. The business performance in the Visegrád Group is defined with the help of five indicators: business density, value added per business entity, investment in fixed capital per business density, inward foreign direct investment stock per business entity and exports of goods and services per business entity. The author finds that the business performance, and hence the business environment, in the Visegrád Group has diverged since EU accession with the exception of internationalization indicators, which indicates the necessity for managers to adjust to the specifics in each particular country.

Suggested Citation

  • Ilya Bolotov, 2015. "Comparison of Competitiveness and Business Performance in the Visegrád Group since the EU Accession: A Quantitative Analysis," Central European Business Review, Prague University of Economics and Business, vol. 2015(4), pages 5-17.
    • Handle: RePEc:prg:jnlcbr:v:2015:y:2015:i:4:id:134:p:5-17
    DOI: 10.18267/j.cebr.134
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    References listed on IDEAS

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    1. Katharina Bluhm & Bernd Martens & Vera Trappmann, 2011. "Business Elites and the Role of Companies in Society: A Comparative Study of Poland, Hungary and Germany," Europe-Asia Studies, Taylor & Francis Journals, vol. 63(6), pages 1011-1032.
    2. Bolotov Ilya Igorevich, 2015. "The influencing factors in the business environment of the Visegrad Group in the last ten years and their comparison to Russia''s experience," Actual Problems of Economics and Law Актуальные проблемы экономики и права, CyberLeninka;Общество с ограниченной ответственностью «Татарский центр образования «Таглимат», issue 3 (35), pages 17-25.
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    More about this item

    Keywords

    Competitiveness; business environment; Central and Eastern Europe; Visegrád Group;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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