The Impact of FDI on Bilateral Exports: The Case of the Automotive Industry in the Visegrad Countries

• Autorzy: Kristóf Gyódi
• Języki publikacji: EN

Abstrakty

EN

This analysis presents the effect of foreign direct investments in the automotive industry on the automotive exports of the Visegrad countries. The econometric analysis is based on the gravity model of trade. The author uses panel data to estimate variables that impact the automotive export. The data consists of the bilateral flows of trade and investments between the Visegrad countries and the other members of the OECD. The empirical analysis shows a positive correlation between the value of the FDI stock in the car industry and the automotive exports to the country of origin of investment. The results of the analysis prove that the Visegrad countries export a significant part of their automotive production to the home countries of the investing MNCs. (original abstract)

Słowa kluczowe

EN

Foreign investment; Direct investments; Export; Automotive industry; Econometric analysis; Panel data

PL

Inwestycje zagraniczne; Inwestycje bezpośrednie; Eksport; Przemysł motoryzacyjny; Analiza ekonometryczna; Dane panelowe

• Czasopismo: Ekonomia / Uniwersytet Warszawski
• Rocznik: 2014
• Numer: nr 37
• Strony: 57--76

Twórcy

autor

Kristóf Gyódi

• University of Warsaw, Poland

Bibliografia

• Alguacil M., Cuadros A., Orts V., 2008, EU enlargement and inward FDI, Review of Development Economics, Vol. 12, No.3, pp. 594-604.
• Anderson J.E., 2011, The Gravity Model, Annual Review of Economics, Vol. 3, pp. 133-160.
• Anderson J. E., Van Wincoop E., 2001, Gravity with gravitas: a solution to the border puzzle. National Bureau of Economic Research Working Paper, No. 8079.
• Bergstrand J. H., 1989, The generalized gravity equation, monopolistic competition, and the factor-proportions theory in international trade, The review of economics and statistics, Vol. 71, No. 1, pp. 143-153.
• Dunning J. H., 2000, The eclectic paradigm as an envelope for economic and business theories of MNE activity, International business review, Vol. 9, No. 2, pp. 163-190.
• Helpman E., 1984, A simple theory of international trade with multinational corporations, Journal of Political Economy, Vol. 92, No. 3, pp. 451-471.
• Helpman E., Melitz M. J., Yeaple S. R., 2003, Export versus FDI, National Bureau of Economic Research Working Paper, No. 9439.
• Jakubiak M., KolesarP, Izvorski I., Kurekova L, 2008, The automotive industry in the Slovak Republic: Recent developments and impact on growth, International Bank for Reconstruction and Development The World Bank Working Paper, No. 29.
• Markusen J.R, 2000, Foreign Direct Investment and Trade, Centre for International Economic Studies Policy Discussion Paper, No. 19.
• Mateev M., 2009, Determinants of foreign direct investment in central and Southeastern Europe: new empirical tests, Oxford Journal, Vol. 8, No. l, pp. 133-149.
• Molnár E., 2012, Kelet-Közép-Európa az autóipar nemzetközi munkamegosztásában, Térés Társadalom, Vol. 26, No. 1, pp. 123-138.
• Radosevic S., Rozeik A., 2005, Foreign direct investment and restructuring in the automotive industry in Central and East Europe, SSEES, University College London Working Paper, No. 53.
• Rădulescu M., Şerbănescu L., 2012, The Impact of FDIs on Exports, and Export Competitiveness in Central and Eastern European Countries, Journal of Knowledge Management, Economics and Information Technology, Vol. 2, No. l, pp. 132-168.
• Reinbold B., Miškinis A., 2010, Investments of German MNEs into production networks in Central European and Baltic states, Technological and Economic Development of Economy, Vol. 16, No. 4, pp. 717-735.
• Śledziewska K., 2012, Regionalizm handlowy w XXI wieku. Przesłanki teoretyczne i analiza empiryczna, Wydawnictwa Uniwersytetu Warszawskiego, Warszawa