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Source: Journal Citation ReportsTM from ClarivateTM 2022

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2022) 1.7
Journal Citation IndicatorTM (2022) 0.42
Received: 2021-08-10  |  Accepted: 2021-11-05  |  Published: 2021-12-30

Title

Foreign direct investment as a factor of trade development: cases of selected countries


Abstract

The purpose of the article is to identify the specifics and common features of the foreign direct investment (FDI) impact on foreign trade development in the Visegrad Group countries (the Czech Republic, the Republic of Hungary, the Republic of Poland and the Slovak Republic), to determine trade-related effects of FDI in the economies and the factors that caused them, as well as to highlight key points of the policy of FDI-led export expansion. The methodological basis of the study is presented by the theories of FDI and capital transnationalization that affect the FDI and international trade nexus, as well as the global value chains (GVCs) theories. The information base for the study was the UNCTAD data on FDI stock, FDI flows, merchandise and services exports and imports of the Visegrad countries for the period 1995–2017, as well as the databases of WTO, Eurostat and Central statistical offices of the Visegrad countries. The paper adds to the understanding the FDI and foreign trade nexus in a recipient country. The quantitative and qualitative trade-related effects of FDI attracted into the Visegrad Group countries are determined and calculated, the factors caused them are revealed. Econometric assessments of the relationship between FDI and export-import operations in the studied economies are carried out, tools for forecasting the export effects of FDI are developed. Key points of the policy of FDI-led export expansion are highlighted.


Keywords

Foreign Direct Investment, foreign trade, multinational enterprise, global value chains, Visegrad Group


JEL classifications

E60 , F11 , F21 , F52 , O39 , O15 , Z13


URI

http://jssidoi.org/jesi/article/921


DOI


Pages

384-401


Funding

The publishing of this article was supported by the project “Digital future of Societies and Economies of Central and Eastern Europe” of The John Paul II Catholic University of Lublin, Poland, and funds of Daugavpils University, Latvia.

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Shmarlouskaya, Halina
Belarusian State Economic University, Minsk, Belarus http://bseu.by
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Shalupayeva, Natallia
Francisk Skorina Gomel State University, Gomel, Belarus https://gsu.by
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Danileviča, Alina
Daugavpils University, Daugavpils, Latvia https://du.lv
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Betlej, Alina
John Paul II Catholic University of Lublin, Lublin, Poland https://www.kul.pl
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Aleksejeva, Ludmila
Daugavpils University, Daugavpils, Latvia https://du.lv
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Journal title

Entrepreneurship and Sustainability Issues

Volume

9


Number

2


Issue date

December 2021


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 2076  |  PDF downloads: 1454

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