About us
Economic structural change in CEE countries has mainly followed a development path based on foreign direct investment (FDI), which has contributed to improved productivity and competitiveness in the short term, but both are currently remaining at the level of the CEEC region. In addition, the Visegrad countries also face the need to overcome the middle-income trap and counterbalance the negative effects of external capital dependence. The region’s catching-up with the more developed EU economies has slowed, and the FDI-based growth model has run out of steam during the global crisis. FDI is no longer a cure-all for economic growth in transition countries. This research aims to investigate the positive and negative macro and microeconomic effects of FDI in the Visegrad countries using quantitative and qualitative methods at both the national and regional levels. The research examines the impact of FDI on growth, investment, labor productivity, and regional entrepreneurial activity. The research also presents alternative economic policy models for an FDI-led economic development path and makes economic policy development recommendations for the countries covered by the research.
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Team
Prof. Zoltán Gál
Senior research fellow | CERS Institute for Regional Studies
Full-professor | University of Pécs Faculty of Business and Economics, Department of Finance and Accounting
Erik Braun
Research assistant | CERS Institute for Regional Studies
Research assistant | University of Pécs Faculty of Business and Economics EconNet Research Group
Zita Iloskics
Research assistant | CERS Institute for Regional Studies
Research assistant | University of Pécs Faculty of Business and Economics EconNet Research Group
Mónika Kuti
Associate Professor | University of Pécs, Faculty of Business and Economics
Sándor Zsolt Kovács
Visiting researcher | CERS Institute for Regional Studies
Member of Presidency | Hungarian Regional Science Association
Gábor Lux
Senior research fellow | CERS Institute for Regional Studies
Balázs Páger
Junior research fellow | Institute for Regional Studies Centre for Economic and Regional Studies
Magdolna Sass
Director | CERS Institute of World Economics
Assistant professor | Budapest Business School, University of Applied Sciences
Zsuzsanna Zsibók
Research fellow | CERS Institute for Regional Studies
Projects
FDI and growth
Analysis of the impact of FDI on growth and gross fixed capital formation in the Visegrad countries and their NUTS 3 regions using econometric methods.
FDI, productivity and labor market
Examining the regional-level productivity effects and inequalities of FDI and their impact on long-term development and labor markets.
FDI and entrepreneurship
We analyze the impact of FDI on the development of domestic enterprises in the V4. We examine how FDI affects entrepreneurial dynamics and supplier relationships at the regional level.
FDI and economic development / alternative models for economic policies
The research aims to examine alternatives to FDI-centred economic development models.
FDI in the financial sector
Analysis of the role of FDI in the financial sector, the stabilisation of financial markets and its impact on economic growth.
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