The Pattern of Internationalisation of Services in Central European Countries

M. Stare

The Service Industries Journal, 2002, vol. 22, issue 1, 77-91

Abstract: The extent of internationalisation of services in Central European Countries (CEC) is low, due to poor competitiveness of the service sector and due to the lack of experience in foreign markets. Service exports and outward foreign direct investment (OFDI) by the service sector from Slovenia, Czech Republic and Hungary are explored. Theoretically, the analysis builds on the sequential pattern of internationalisation taking due account of specific service characteristics. Emphasis is given to the main features of outward foreign direct investment by the CEC service firms. Empirical evidence reveals that CEC' service firms are gradually entering investment abroad and that institutional and cultural dimensions bear strong influence on geographical distribution of OFDI.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:taf:servic:v:22:y:2002:i:1:p:77-91

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DOI: 10.1080/714005062

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The Service Industries Journal is currently edited by Eileen Bridges, Professor Domingo Ribeiro, Ronald Goldsmith, Barry Howcroft and Youjae Yi

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