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

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  • Soyyiğit Semanur

    (Kirklareli University, Faculty of Economics and Administrative Sciences, Kayali Campus, 39100 Kirklareli, Turkey)

  • Michalski Bartosz

    (University of Wrocław, Institute for International Studies, Koszarowa 3, 51-114 Wrocław, Poland)

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.

Suggested Citation

  • Soyyiğit Semanur & Michalski Bartosz, 2022. "The Economic Complexity of the Visegrád Countries and the Role of Trade with Germany," Central European Economic Journal, Sciendo, vol. 9(56), pages 219-236, January.
    • Handle: RePEc:vrs:ceuecj:v:9:y:2022:i:56:p:219-236:n:6
    DOI: 10.2478/ceej-2022-0013
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    References listed on IDEAS

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    More about this item

    Keywords

    economic complexity; international trade; economic transition; structural change; Central Europe; Visegrád countries;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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