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International business spillovers in emerging markets: the Visegrad group

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  • Vasileios A. Vlachos
  • Dimitris Kalimeris

Abstract

The literature on technology spillovers, from international trade and Foreign Direct Investment (FDI) to the Visegrad four, brings forward mixed results and leads to contradictory conclusions. This study investigates the effect of international business activity on Visegrad's group labour productivity levels under the lens of European Union (EU) integration process. The findings regarding the influence of FDI and Research and Development (R&D) expenditure on labour productivity are mixed. A neglected relationship is highlighted, however, as approximately 1/3 to 1/2 of the increase in merchandise imports for the Visegrad group is transformed into labour productivity, enhancing it further towards the EU average.

Suggested Citation

  • Vasileios A. Vlachos & Dimitris Kalimeris, 2010. "International business spillovers in emerging markets: the Visegrad group," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 3(4), pages 330-345.
  • Handle: RePEc:ids:ijepee:v:3:y:2010:i:4:p:330-345
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