Effects of the Global Financial Crisis on the V4 : Western Europe trade relations

Nagy, Péter Artúr: Effects of the Global Financial Crisis on the V4 : Western Europe trade relations. In: Proceedings of the European Union’s Contention in the Reshaping Global Economy. pp. 108-134. (2020)

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Abstract

The aim of the research is to explore the development of trade relations between the Visegrád countries and their major Western European partners since accession to the European Union. The topic is currently an important one, as the Visegrád region is highly dependent on Western European countries, especially in the area of foreign trade. The research analyzed how the 2008-2009 global economic crisis and the subsequent sovereign debt crisis in Europe affected these trade relationships, i.e. did it cause significant changes in levels of relationship and/or trends. To answer this question, this paper used a time-series analysis method called Interrupted Time Series Analysis. As a result, statistically significant changes in the level and trend of foreign trade relations between the Visegrád countries and their Western European partners were detected. Finally, a more detailed breakdown of product groups also revealed which product groups are most responsible for slowing down the growth of trade relations.

Item Type: Article
Heading title: Financial issues
Journal or Publication Title: Proceedings of the European Union’s Contention in the Reshaping Global Economy
Date: 2020
ISBN: 978-963-306-772-7
Page Range: pp. 108-134
Language: angol
Event Title: The European Union’s Contention in the Reshaping Global Economy (2020) (Szeged)
Related URLs: http://acta.bibl.u-szeged.hu/id/eprint/71537
DOI: https://doi.org/10.14232/eucrge.2020.proc.7
Uncontrolled Keywords: Együttműködés - gazdasági, Visegrádi országok, Visegrádi államok, Kereskedelmi kapcsolatok
Additional Information: Bibliogr.: 122. p. ; összefoglalás angol nyelven
Subjects: 05. Social sciences
05. Social sciences > 05.02. Economics and business
Date Deposited: 2021. Jan. 12. 09:43
Last Modified: 2021. Jan. 12. 09:43
URI: http://acta.bibl.u-szeged.hu/id/eprint/71544

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