DETERMINANTS OF INTRA-INDUSTRY AGRI-FOOD TRADE IN THE VISEGRAD COUNTRIES

The article analyses patterns and country-specific determinants of Visegrad Countries' agri-food trade with the European Union. Literature focusing on the country-specific determinants of vertical and horizontal intra-industry trade is rather limited and those analysing agricultural (or agri-food) trade are extremely rare. Therefore, the paper seeks to contribute to the literature by covering the latest theories and data available on the topic to provide up to date results and suggestions. Moreover, it seeks to identify the determinants of horizontal and vertical intra-industry trade of the Visegrad Countries after EU accession. According to the results determinants of horizontal and vertical intra-industry differ and suggest that economic size is positively, while distance is negatively related to both sides of intra-industry trade. However, the relationship between vertical intra-industry trade and differences in factor endowments as well as foreign direct investment is ambiguous.