Exportation and Foreign Direct Investment in Visegrad Area : An Empirical Analysis

The main object of this analysis is to emphasize, empirically, some determinants to exportations and foreign direct investments in Visegrad Area. The interest is to verify whether it is really possible to model location decisions in these countries with proper references already adopted in literature. For exportations, our results are quite similar to the predictions given, in general, by gravity models. However, we have different results for foreign direct investments. This analysis proves that investment decisions, towards Visegrad countries, are substantially influenced by specific (ad-hoc) variables for ex-socialist countries.