Katalin Völgyi

57871720900

Publications - 6

Investigating the “Resource Curse” in China: Is it Sufficient to use the Usual Methods?

Eszter Kazinczy Eszter Lukács Norbert Kovács Katalin Völgyi Kamal Hossain Szilárd Bolla Éva Heimné Rácz Jim Hu

Publication Name: Acta Polytechnica Hungarica

Publication Date: 2023-01-01

Volume: 20

Issue: 10

Page Range: 233-252

Description:

Our article on the study of the “Resource Curse” in Chinese provinces, was written with two objectives. First, by reviewing the international and Chinese literature and analyzing the economic development of the relevant Chinese provinces, we sought to explore whether the resource curse phenomenon exists or can be demonstrated. And second, we want to draw the reader's attention to the fact that Chinese and Asian economies in general have central planning models, the main purpose of which is to define and focus on national economic development priorities. The sub-divisions of the central development plans include development targets for each region, which naturally take into account the economic performance of each province and the factors that determine it. It follows from the latter line of thinking that the economic development of the four Chinese provinces concerned (Gansu, Guizhou, Qinghai and Shanxi) cannot be interpreted in a 'piecemeal' way, based solely on the existence or otherwise of the resource curse phenomenon. In writing this article, we also wish to draw attention to this holistic, comprehensive Chinese (Asian) way of thinking.

Open Access: Yes

DOI: 10.12700/APH.20.10.2023.10.14

AMERICAN VERSUS DOMESTIC DIGITAL COMPANIES IN THE CHINESE MARKET

Eszter Lukács Norbert Kovács Árpád Tóth Katalin Völgyi

Publication Name: Decision Making Applications in Management and Engineering

Publication Date: 2022-10-01

Volume: 5

Issue: 2

Page Range: 120-139

Description:

The digital economy has become an increasingly important part of the world economy. It is vastly concentrated in two economies, namely, the United States and China. The main aim of our study is to investigate Chinese digital companies and government policy enabling the rapid development of the country’s digital economy and the largest American digital companies’ performance in the Chinese market. Our findings show that the largest American digital companies, which are globally active players, usually have a very limited market share in different segments of the Chinese digital economy or have been forced to leave the Chinese market after a short period of operation. In the future, Chinese government policy will continue to ensure the priority role of domestic digital companies in the upgrading and structural transformation of the Chinese economy driven by services, high-tech sectors, and consumption while limiting the role of American digital companies.

Open Access: Yes

DOI: 10.31181/dmame0305102022v

Chinese and Indian FDI in Hungary and the role of Eastern Opening policy

Eszter Lukács Katalin Völgyi

Publication Name: Asia Europe Journal

Publication Date: 2021-06-01

Volume: 19

Issue: 2

Page Range: 167-187

Description:

The aim of this paper is to assess the main features of Chinese and Indian investments in Hungary and the role of the Hungarian Government’s Eastern Opening policy in the attraction of investments from these two Asian giants. This paper covers the sectoral distribution, modes of market entry, and motivations of Chinese and Indian foreign direct investments. The automotive sector is the most attractive sector for investors from both countries. ICT manufacturing (electronics) and services, and the renewable energy sector are also very attractive for Chinese companies. The same is true for IT/BPO services and the chemical sector in the case of Indian companies. Chinese and Indian companies enter the Hungarian economy mainly through green-field investments or acquisitions. Market-seeking and strategic asset-seeking motives are dominant in the case of investors from both countries. This paper also puts a special emphasis on studying the impacts of Hungary’s Eastern Opening policy (launched in 2012) on Chinese and Indian investments. The findings show that the Eastern Opening policy has had a significant impact on the investment decision (location choice) of new Chinese and Indian investors and further expansion of investments by Chinese and Indian companies located in Hungary due to four factors, namely high-ranking political meetings, strategic cooperation agreements, cash grants from the Hungarian Government and supportive services of HIPA.

Open Access: Yes

DOI: 10.1007/s10308-020-00592-1

Chinese foreign direct investments in hungary from the perspective of BRI, international capacity cooperation, and made in China 2025

Eszter Lukács Katalin Völgyi

Publication Name: Contemporary Chinese Political Economy and Strategic Relations

Publication Date: 2021-04-01

Volume: 7

Issue: 1

Page Range: 413-446

Description:

This study analyses Chinese investments in Hungary from the perspective of three initiatives (Belt and Road Initiative, International Cooperation in Industrial Capacity and Equipment, and Made in China 2025) which are in line with China's "Go global" strategy and among other things aimed at promoting the spread of Chinese companies and products abroad. The findings show a vivid cooperation between China and Hungary in automotive, ICT, renewable energy, chemical, transportation/logistics and banking sector through the three abovementioned initiatives.

Open Access: Yes

DOI: DOI not available

Chinese and Indian transnational corporations’ investments in Hungary

Katalin Völgyi

Publication Name: Statisztikai Szemle

Publication Date: 2021-01-01

Volume: 99

Issue: 3

Page Range: 266-287

Description:

The aim of this paper is to assess the main features of Chinese and Indian investments in Hungary and the role of the Hungarian Government’s Eastern Opening policy in the attraction of investments from these two Asian giants. This paper covers the sectoral distribution, modes of market entry and motivations of Chinese and Indian foreign direct investments. The automotive sector is the most attractive sector for investors from both countries. ICT manufacturing (electronics) and services and the renewable energy sector are also very attractive for Chinese companies. The same is true for IT/BPO services and the chemical sector in the case of Indian companies. Chinese and Indian companies enter the Hungarian economy mainly through green-field investments or acquisitions. Market-seeking and strategic asset-seeking motives are dominant in the case of investors from both countries. In the last decade, the Eastern Opening policy has positively influenced the investment decision (location choice) of several new Chinese and Indian investors and the further expansion of investments by Chinese and Indian companies located in Hungary.

Open Access: Yes

DOI: 10.20311/stat2021.3.hu0266

Mega-FTAs in the Asia-Pacific region: A Japanese perspective

Eszter Lukács Katalin Völgyi

Publication Name: European Journal of East Asian Studies

Publication Date: 2018-01-01

Volume: 17

Issue: 1

Page Range: 158-175

Description:

The emerging wave of mega-FTAs during the global economic crisis era has so far attracted considerable academic attention. This paper primarily investigates two of the mega-FTAs, namely TPP and RCEP, from the perspective of Japan. It focuses on Japan's role and interests in the launch of mega-FTAs and how Japan tries to keep them on track, with protectionism on the rise worldwide (particularly on the US side).

Open Access: Yes

DOI: 10.1163/15700615-01701008