Skip to main navigation menu Skip to main content Skip to site footer

The Influence of Foreign Direct Investment on Foreign Trade in the Visegrad Countries from 2001 to 2011


This paper is an attempt to settle the controversy around the motives connected with investing in the Visegrad countries and the verification of the hypothesis that FDI makes a significant impact on V4’s foreign trade.The relationship between the value of foreign direct investment in V4 countries in 2001-2011 and the geographic structure of trade in two directions: exports and imports, will be examined. The paper includes an analysis of the influence of FDI on foreign trade (the linear gravity model was used).


foreign direct investment (FDI), international trade, gravity model, Visegrad countries (V4)



  1. Alfaro, L., Chanda, A., Kalemli-Ozcan, S., & Sayek, S. (2004). FDI and economic growth: the role of local financial markets. Journal of International Economics, 64, 89–112.
  2. Al-Iriani, M., & Al-Shamsi, F. (2007). Foreign Direct Investment and Economic Growth in the GCC Countries: A Causality Investigation Using Heterogeneous Panel Analysis’, Retrieved on December 29, 2013 from Available form: EBSCO's databases.
  3. Ambroziak, Å. (2012). FDI and intra-industry trade: theory and empirical evidence from the Visegrad Countries. International Journal of Economics and Business Research, 4(1-2).
  4. Cieślik, A. (2009). Foreign direct investment and the volume of trade: the case of Poland. Economic Change and Restructuring, 42(4), 273-291.
  5. Hanousek, J., Kocenda, E., & Maurel, M. (2010). Direct and Indirect Effects of FDI in Emerging European Markets : A Survey and Meta-analysis. Documents de Travail du Centre d’Economie de la Sorbonne, 2010.24, Maison des Sciences Économiques, Paris.
  6. Hunya, G., & Richter, S. (2011). Mutual trade and investment of the Visegrad countries before and after their EU accession. Eastern Journal of European studies, 2(2), 77-91.
  7. Jayachandran, G., & Seilan, A. (2010). A causal relationship between trade, foreign direct investment and economic growth for India. International Research Journal of Finance and Economics, 42, 74-88.
  8. Kutan, A. & Vuksic, G. (2007). Foreign direct investment and export performance: empirical evidence. Comparative Economic Studies, 49, 430–445.
  9. Makki, S.S. & Agapi, S. (2004). Impact of foreign direct investment and trade on economic growth: evidence from developing countries. American Journal of Agricultural Economics, 86(3), 795- 801.
  10. Santos, S.J., & Tenreyro, S. (2006). The log of gravity. The Review of Economics and Statistics, 88, 641-658.
  11. Sridharan, P., Vijayakumar, N., & Sekhara C.R, K. (2009). Causal relationship between foreign direct investment and growth: evidence from BRICS countries. International Business Research, 2(4), 198-203.
  12. Tinbergen, J. (1962). Shaping the World Economy: Suggestions for an International Economic Policy. New York, NY: Twentieth Century Fund.
  13. Weresa, M. (2001). The impact of foreign direct investment on Poland’s trade with European Union. Post-Communist Economies, 13(1), 71-83.
  14. Zysk, W. (2012). Foreign capital and foreign trade in Poland. Pre-accession period, Warsaw: CeDeWu.
  15. Zysk, W., & Śmiech, S. (2013). Influence of foreign direct investments on foreign trade restructuring in Poland from 2004 to 2011. Proceedings of 7th International Days of Statistics and Economics, Libuše Macáková. Prague: MELANDRIUM, pp.1616-1624, Retrieved on December 29, 2013 from


Download data is not yet available.

Similar Articles

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 > >> 

You may also start an advanced similarity search for this article.