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Volume and comparative advantage in East-West trade

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dc.creator Trübswetter, Parvati
dc.creator Schumacher, Dieter
dc.date 2000
dc.date.accessioned 2013-10-16T06:58:53Z
dc.date.available 2013-10-16T06:58:53Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18208
dc.identifier ppn:319305635
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18208
dc.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.
dc.language eng
dc.publisher Deutsches Institut für Wirtschaftsforschung (DIW) Berlin
dc.relation DIW-Diskussionspapiere 223
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F10
dc.subject F17
dc.subject ddc:330
dc.subject East-West trade
dc.subject gravity model
dc.subject comparative advantages
dc.subject Ost-West-Beziehungen
dc.subject Internationale Wirtschaftsbeziehungen
dc.subject Außenhandelsstruktur
dc.subject Komparativer Kostenvorteil
dc.subject Gravitationsmodell
dc.subject Schätzung
dc.subject Ostmitteleuropa
dc.subject EU-Staaten
dc.title Volume and comparative advantage in East-West trade
dc.type doc-type:workingPaper


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