About
67
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284
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Citations since 2017
Introduction
Spain and Portugal in the EU. Trade and FDI in and outflows in the CEE countries. Trade of the Visegrad countries with the EU. Trade and investment policy of CEE countries. Economic development of the European Union.
Additional affiliations
January 2001 - present
Position
- Senior Researcher
Description
- The Institute of World Economics of the Centre for Economic and Regional Studies of the Hungarian Academy of Sciences focuses on global economic trends and their effects on Hungary - as the successor to the Institute for World Economics founded in 1973.
September 1992 - January 2001
Institute for World Economics, Hungarian Academy of Sciences
Position
- Research Associate
Education
September 1987 - June 1992
Publications
Publications (67)
Most foreign capital-led, export-oriented Eastern EU member states and the consumption-driven Southern European countries suffered a heavy blow during the Global Financial Crisis (GFC) in 2008–09. The GFC exposed the vulnerability of these economies to external shocks and raised the need for readjustment of their growth models through state interve...
A cikk a magyar és a cseh autóipari cégek ellátási láncainak zavaraival és ellenállóképességük kialakításával foglalkozik. A szerzők interjúkra alapozva vizsgálták a Covid19-járvány hatásait azzal a céllal, hogy részletesen feltérképezzék a két ország autóipari vállalatainak reakcióit, intézkedéseit és stratégiáit. Az ellenálló ellátási lánc kialak...
The dependency of the Visegrád countries on foreign direct investment has been emphasized in the typologies of capitalist models. Today, the question is whether this development path can be sustained. In past years democratic backsliding and a change towards more inward-looking policies have taken place in this region that may also change their att...
Purpose
The sustainability of global production chains is at the centre of discussion in the past few years. One of the most polluting sectors is the fashion industry. Fashion brands often decline responsibility, and continue misleading or exaggerated communication. This study aims to provide a comprehensive evaluation of regulation in the fashion...
Purpose
The sustainability of global production chains is at the centre of discussion in the past few years. One of the most polluting sectors is the fashion industry. Fashion brands often decline responsibility, and continue misleading or exaggerated communication. This study aims to provide a comprehensive evaluation of regulation in the fashion...
Among the Central European countries, the Hungarian economic development is one of the most foreign capital directed. It is well known that the most significant investors are German companies, but in recent years an increasing number of Asian multinational companies have also appeared in Hungary. Investors receive large state support and enjoy low...
Az elmúlt évtizedben reflektorfénybe került a globális termelési láncok fenntarthatósága. E tekintetben az egyik legszennyezőbb ágazat a divatipar. Mivel a nagy európai és amerikai cégek a termelést kiszervezik távoli országokba, és gyakran nem is ismerik minden munkafázis helyét, a környezeti hatások és a munkakörülmények ellenőrzése nagyon nehéz...
This article provides a snapshot describing the position of the Visegrád Group in terms of adopting Industry 4.0 technologies. Despite being promoted and supported by the state, the introduction of these modern methods is still not as
widespread as in other EU member states. The reason for this is the heterogeneity of firms: there are substantial d...
The definition and understanding of the Industry 4.0 concept vary widely in the literature and among practitioners. The objective of our research was to analyse the perceptions of Industry 4.0 in the Visegrad companies and the explanations for the differences thereof; and second, to compare perceptions of Industry 4.0 between Visegrad firms and exp...
A globalizáció lassulása és a járvány miatt a globális termelési láncok átszervezése felerősödött. Ebben a folyamatban a multinacionális cégek döntéseinél ismét előtér-be kerülnek a telephelyelőnyök. A mai, modern vállalatok már digitalizált rendszerben működnek, új üzleti modellek jönnek létre, fontossá válik például az innováció, a digitális infr...
The evolution of labour productivity in an economy can be affected by technology transfer through international linkages, as this permits the incorporation of innovation and automation intensive capital goods into the local productive system. Globalization may be an opportunity to promote sustainable growth – within the industry 4.0 framework – in...
Industry 4.0 and reshoring investments – consequences for the Visegrád countries
Abstract: After the 2008 crisis, the issue of reshoring previously outsourced production has been raised in parallel to reindustrialization and competitiveness discourses. This article clarifies the definitions of reshoring, backshoring and nearshoring, while enumerat...
EXECUTIVE SUMMARY
Focus of the research
It is well-known that foreign direct investment (FDI) has contributed to the economic success and development of the V4. The role of foreign-owned companies is essential in manufacturing and services, but they are also highly active in exports. Affiliates of multi-national companies have been frontrunners i...
Final Report “EFFECTS OF INDUSTRY 4.0 ON FDI IN THE VISEGRÁD COUNTRIES” coauthored by Marta Götz, Andrea Éltető, Magdolna Sass, Jana Vlčková, Andrea Zacharová, Sonia Ferencikova, Josef Bič, Magdalena Kaczkowska-Serafińska offers a broader insight into the impact the Industry 4.0 could exert on foreign direct investments flowing to Visegrad countrie...
In this paper I describe some characteristics of the foreign trade of two European semi-peripheric regions: the Iberian countries (Spain and Portugal) and the Visegrád countries (Poland, Czechia, Slovakia, and Hungary). Based on the developments in the past decade, some conclusions can be drawn for the coronavirus crisis-effects. Visegrád countries...
After the 2008 crisis, the topic of reshoring previously outsourced production was raised in the EU and the USA, in parallel to reindustrialization and competitiveness discourses. This paper clarifies the definition of reshoring, backshoring and nearshoring, while enumerating the possible motivations for them (eg. higher-than-expected labour or tra...
Due to the global economic crisis of 2008, small and medium-sized enterprises were forced to increase their international (export) activities. As Hungary is one of the most integrated countries in global production networks, we use its example to explore what factors promote or hinder the Hungarian SMEs’ internationalisation process focusing on the...
After the serious effects of the international crisis of 2008 export activity – as a main form of internationalisation – proved to be an important element of survival and growth for small and medium sized enterprises. Recovery was especially difficult for the so-called peripheral countries, among them the Iberian, Baltic and Visegrád economies, on...
The decreased domestic demand as a consequence of the international crisis induced firms to look for foreign markets for their products. The importance of exports increased, and it was manifested in the growing openness of the countries. The objective of the study is to analyse the trends in the past decade, whether the effects of the crisis induce...
This book is a summary of a research project supported by the National Research, Development and Innovation Office. The research project – with the title: ”Factors influencing export performance – a comparison of three European regions – concentrates on export flows. The book contains studies on the macroeconomic, microeconomic and economic policy...
Because of the negative effects of the international crisis, strengthening the export activity became especially important in the peripheral regions of the EU. The objective of the study is to show those central policies that promote export and FDI in these countries and point out their similarities and diffecences. We analyse the available governm...
Az utóbbi években a világkereskedelem lassulásának vagyunk tanúi. Ez érinti az EUn belüli kereskedelmet is, hiszen az egyik legnagyobb világkereskedelmi szereplő Németország. A világ export-import folyamatait mára már a globális értékláncok alakítják, mivel a termelés fázisai több országban terülnek szét. A feldolgozóipari termeléstől egyre kevésbé...
For small- and medium-sized enterprises (SMEs) export is the most important way of internationalization. During the global crisis of 2008-2009, world trade decreased dramatically, but since then the economic environment has become more predictable with providing new export opportunities also for the SMEs. This research aims to identify the export p...
Investments (FDI) have become more connected to the global value chains (GVCs) in the past decated. As known, the Visegrád countries intensively participate in GVCs and have collected considerable stock of FDI. The purpose of the paper is to analyse how governmental investment promotion policies of these countries reacted to these phenomena. Invest...
European small and medium-sized enterprises were severely hit by the international crisis of 2008 and export activity – as a form of internationalisation-was an important component of the recovery. This paper concentrates on the post-crisis period of the Iberian, Baltic and Visegrád countries. As for born global firms have spread and these countrie...
As a consequence of the international crisis in 2008-2009, the role of exports in economic growth came into focus in most countries. Exports of EU Member States gained momentum from 2010 onward but with certain changes in their structure and direction. In several countries, the turn towards non-EU areas, such as China or Latin America was part of t...
A visegrádi országok – különösen a három kisebb – rendszerváltás utáni gazdasági stratégiájában és fejlődésében meghatározó szerepet játszottak a külföldi közvetlentőke-befektetések, a globális értékláncokba való beépülés, és az ezeken belül bonyolódó, külföldi leányvállalatok által meghatározott, EU-túlsúlyú export. A kétezres évek első évtizedéne...
The year of the great trade collapse in the world was 2009. The international crisis caused a shrinkage of
domestic demand and general credit crunch. As a consequence, the growth-enhancing role of exports
came into focus in most countries. Exports gained momentum from 2010 but with certain changes in
structure and direction. Trade within global val...
This article analyses direct investment patterns by Russian firms in the four Visegrád countries, their motivations and ownership advantages, based mostly on the eclectic paradigm. Beside statistical data, it relies on case studies to present the profile of the most important Russian investors in each host country. In the Visegrád countries, market...
This article analyses direct investment patterns by Russian firms in the four Visegrád countries, their motivations and ownership advantages, based mostly on the eclectic paradigm. Beside statistical data, it relies on case studies to present the profile of the most important Russian investors in each host country. In the Visegrád countries, market...
English Abstract: The article focuses on the issue of the presence of Russian capital in the Visegrád countries, and analyses the motivation of Russian companies investing abroad. The authors have collected and analysed a large body of statistical data on the Russian firms possessing offices and production facilities in Hungary, Poland, Slovakia an...
Global networks shape international production and trade. The main question of our paper is how Hungarian companies can improve their positions within these global value chains. The production and export of automotive and machinery industry are dominated by foreign multinational enterprises, therefore these sectors were chosen as examples. Research...
In this paper, we analyze both theoretically and empirically the role of foreign technology (embodied in capital and intermediate goods imports from more advanced countries) as the main driver of technology diffusion and productivity growth in the Central and Eastern European (CEE) member countries, taking into consideration the ability of these ec...
http://vki.hu/files/download_909.html
Global production networks and global value chains have become widespread today. In these cases firms locate the various stages of their value adding activities across different countries. The activities of global value chains form a new phase of globalization characterized by fragmented production, transfer of technology, and decreasing transport...
In the Central and Eastern European region Hungary was the first
country that invested considerable amount of capital abroad. Main
targets were the neighbouring countries. This paper briefly describes
the characteristics of this outward investment (OFDI) activity and puts
emphasis on its state support. We would also like to assess whether
there is...
This report presents the findings of a project funded by the Visegrad Fund, which aimed at investigating the (post) crisis practices of OFDI polices in V4 – the Czech Republic, Hungary, Poland and Slovakia. It has been organised around four research proposals touching upon: possible (post)crisis change of perception of and subsequently of policies...
In this paper, we analyze both theoretically and empirically the role of foreign technology (embodied in capital and intermediate goods imports from more advanced countries) as the main driver of technology diffusion and productivity growth in the Central and Eastern European (CEE) member countries, taking into consideration the ability of these ec...
This working paper analyses investment by Russian firms in the four Visegrád countries, their motivations and ownership advantages, based mostly on the eclectic paradigm. Beside statistical data, we rely on case studies to present the profile of the most important Russian investors in each host country. The Visegrád countries have attracted less Ru...
A B S T R A C T Objective: Hungary is a leading outward foreign investor among the new member states of the European Union. Our research question is what those factors are which enabled Hungarian companies to expand abroad successfully. Research Design & Methods: Our methodology is based on company case studies of the leading investors and other ra...
Economic contacts of the Central and Eastern European countries with Latin America had been relatively strong under the socialist regime but after the political changes contacts were largely lost. This paper intends to outline the present trade and investment relations between the two regions. Main trade partners, products and development trends ar...
A szerzők cikkükben részletesen elemezik a magyar-ázsiai külkereskedelem sajátosságait. Az Ázsiába irányuló magyar kivitel nőtt a legdinamikusabban a 2000 utáni évtizedben, elsősorban Nyugat- és Északkelet-Ázsia felé. A magyar-ázsiai kereskedelem a kínai import miatt jelentős deficitet mutat. Kereskedelmünk minden ázsiai régióban átlagosan két-háro...
The international crisis which has been ongoing since 2008 caused severe
recession and decrease of internal demand in the EU area. Therefore, European
companies began to look for new markets outside the EU. In spite of the large
distance, Asia can be one of the regions aimed by exporters. In the case of
Hungary, this is even supported by the Hu...
Hungary is a leading foreign investor among the new member states of the European Union and among the Visegrád countries. It started to invest abroad earlier than other countries of the region, and thus the stock of outward foreign direct investment (OFDI) is higher than in other countries of the region, with the exception of Slovenia. The paper an...
Hungary is a leading foreign investor among the new member states of the European Union and among the Visegrád countries. It started to invest abroad earlier than other countries of the region, and thus the stock of outward foreign direct investment (OFDI) is higher than in other countries of the region, with the exception of Slovenia. The paper an...
The long pre-crisis period of growth and employment creation in Spain was based mainly on the construction sector. This, facilitated by cheap bank loans created jobs for the millions of immigrants arriving in the country. The crisis made the Spanish economy sink into a deep recession in 2008. The aim of this article is to describe the Spanish crisi...
In the last decade, Spain definitely became a country of immigrants. This article describes the characteristics and economic role of immigration, the official policy towards the phenomenon and the effects of the financial and economic crisis of the last two years. The five million immigrants had an important effect on the Spanish demography, employ...
Foreign direct investment played a vital role in the economic transformation of the Central and Eastern European countries. It was also a crucial factor in the modernisation of Spain after its accession to the EU. This paper gives an overview on the development of foreign direct investment in the Central and Eastern European countries (Poland, Czec...
The article analyses the foreign trade structures of Hungary and Spain in the nineties with a special focus on their technological composition. This composition shows a strong increase in high-tech goods together with a decrease in low-tech goods in Hungary. Changes in Spanish foreign trade have been less drastic; the share of technology groups rem...
Projects
Projects (3)
Effects of Industry 4.0 on FDI in the Visegrád countries
Visegrad Grant No. 21920068
10/11/2019 to 10/12/2020
https://industry40fdi.wordpress.com
Akademia Finansów i Biznesu Vistula (Vistula University Warsaw) in cooperation with Vysoká škola ekonomická v Praze (University of Economics, Prague), MTA Közgazdaságés Regionális Tudományi Kutatóközpont (Centre for Economic and Regional Studies, Budapest), Vysoka skola manazmentu v Trencine (School of Management in Trencin).
The aim of the research is the comparative analysis of the Baltic, Visegrad and Iberian countries. The foreign trade features of the given countries, the changes in the geographic and product structure of their exports will be described. We analyse and compare the growing internationalisation of companies, characteristics of exporting firms praparing case studies and questionnaire survey too. Effects of the Aid for Trade program of the EU are also shown in the exports of the three regions towards developing countries.
To better understand why some countries are becoming successful OFDI sources
