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Exploring the Interaction between Foreign Direct Investment and International trade with a Focus on CEECs.
Zhang, Ling ; Szobi, Pavel (advisor) ; Figueira, Filipa (referee) ; Jeřábek, Petr (referee)
Our research reveals the impact of foreign direct investment on the intensity of bilateral trade in the Central Eastern European (CEE) region, focusing on countries of Czech Republic, Hungary, Poland, Slovakia, Slovenia, and Estonia (CEE-6). Previous literature and research results indicate that there is a complementary or substitute relationship between FDI and trade. However, the studies of this subject on the CEE region are scarce. Our study employs the gravity model to analyze the impact of FDI on bilateral trade with panel data of each country from 2005 to 2019. Based on the panel data, we investigate the commercial integration among CEE-6 and with main EU commercial partners. Our results suggest a prevalence of complementary relationships in Hungary, Poland, Slovakia, and Slovenia, yet each country demonstrates the relationship through different facts. The complementary relationship is attributed to the prevalent vertical FDI in CEECs, especially in the automotive industry. However, Estonia displays a substitutive relationship between outward FDI and trade. Moreover, we find the commercial integration only exists among the Visegrad group.
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A Study of the Trade Effects of China's Direct Investment in Central and Eastern European Countries
Wang, Yuehan ; Cahlík, Tomáš (advisor) ; Figueira, Filipa (referee) ; Svoboda, Karel (referee)
This paper aims to explore the relationship between China's investment in Central and Eastern European countries (CEECs) and China-CEECs trade. Since the 1950s, the research on the relationship between foreign direct investment (FDI) and foreign trade has become one of the topics of theoretical and empirical analysis. Many scholars have conducted extensive studies on the relationship between FDI and trade from different perspectives and theoretical and empirical perspectives. Under the background of "the Belt and Road", the CEECs, as important trading partners in this strategy, have gradually expanded their trade with China. This paper explores the current situation and characteristics of China's direct investment and trade with the CEECs from the perspective of the relationship between FDI and foreign trade. The development of China's direct investment and trade with the CEECs is explored from the perspectives of total volume, country, and products by qualitative analysis. Meanwhile, the trade gravity model is established to empirically analyze the influence of China's direct investment in the CEECs on China-CEECs trade scale from the three aspects of total trade volume, export, and import. The results show that China's direct investment in the CEECs has a long-term positive effect on the scale of...
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