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

Soyyiğit Semanur and Michalski Bartosz ()
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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

Central European Economic Journal, 2022, vol. 9, issue 56, 219-236

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.

Keywords: economic complexity; international trade; economic transition; structural change; Central Europe; Visegrád countries (search for similar items in EconPapers)
JEL-codes: F14 F43 O11 O14 O57 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ceuecj:v:9:y:2022:i:56:p:219-236:n:6

DOI: 10.2478/ceej-2022-0013

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