Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18208| Title: | Volume and comparative advantage in East-West trade |
| Keywords: | F10 F17 ddc:330 East-West trade gravity model comparative advantages Ost-West-Beziehungen Internationale Wirtschaftsbeziehungen Außenhandelsstruktur Komparativer Kostenvorteil Gravitationsmodell Schätzung Ostmitteleuropa EU-Staaten |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin |
| Description: | The volume and commodity structure of EU trade with the transition countries in central and eastern Europe (CEECs) is estimated on the assumption that it will follow the pattern of trade among market economies. A gravity-type approach at the level of product groups is used, combining geography and factor-proportions theory of international trade. It is shown that there is still considerable potential for a further rise in East-West trade if the CEECs? national product is valued at purchasing power parities, instead of market exchange rates. Considering divergent income levels and distance between East and West, the EU?s comparative advantages are in specialised-supplier, scale-intensive and science-based goods, whereas the CEECs? comparative advantages are in labour-intensive and resource-intensive goods. The intersectoral specialisation pattern will become "flatter" and the share of intra-industry trade will grow when the income differentials decrease. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18208 |
| Other Identifiers: | http://hdl.handle.net/10419/18208 ppn:319305635 |
| Appears in Collections: | EconStor |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.