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The rise of emerging economies in the EU15 trade

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Author Info

  • Guillaume Gaulier
  • Françoise Lemoine
  • Deniz Ünal

Abstract

The EU15 manufacturing trade with developing and emerging economies has now overtaken its trade with high-income countries. This trade has strengthened the European specialization in high-end products and medium-high technological sectors. The EU15 exports have been increasingly concentrated on its neighbours, while its imports from Asia were the most dynamic. The regional integration has favoured the technological and quality upgrading of the EU15 imports from its neighbours, while its imports from Asia were characterised by the surge of high-technology goods at low prices. The EU has increasingly concentrated its trade on the large emerging economies and especially on Russia and China

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Bibliographic Info

Article provided by Cattaneo University (LIUC) in its journal The European Journal of Comparative Economics.

Volume (Year): 9 (2012)
Issue (Month): 1 (April)
Pages: 133-175

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Handle: RePEc:liu:liucej:v:9:y:2012:i:1:p:133-175

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Keywords: Trade; developing and emerging economies; European Union; export prices; high-technology;

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References

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  1. Louise Curran & Soledad Zignago, 2009. "Evolution of EU and its Member States' Competitiveness in International Trade," Working Papers, CEPII research center 2009-11, CEPII research center.
  2. Guillaume Gaulier & Françoise Lemoine & Deniz Ünal, 2006. "China’s Emergence and the Reorganisation of Trade Flows in Asia," Working Papers, CEPII research center 2006-05, CEPII research center.
  3. Lionel Fontagné & Michaël Freudenberg, 1997. "Intra-Industry Trade: Methodological Issues Reconsidered," Working Papers, CEPII research center 1997-01, CEPII research center.
  4. Lionel Fontagné & Guillaume Gaulier & Soledad Zignago, 2008. "Specialization across varieties and North-South competition," Economic Policy, CEPR;CES;MSH, CEPR;CES;MSH, vol. 23, pages 51-91, 01.
  5. Cheptea, Angela & Gaulier, Guillaume & Sondjo, Dieudonné & Zignago, Soledad, 2008. "Sectoral and geographical positioning of the EU in the international division of labour," MPRA Paper 42660, University Library of Munich, Germany.
  6. Matthieu Crozet & Isabelle Méjean & Soledad Zignago, 2008. "Plus grandes, plus fortes, plus loin... Performances relatives des firmes exportatrices françaises," Working Papers, CEPII research center 2008-26, CEPII research center.
  7. Lionel Fontagné & Michael Freudenberg & Guillaume Gaulier, 2006. "A Systematic Decomposition of World Trade into Horizontal and Vertical IIT," Review of World Economics (Weltwirtschaftliches Archiv), Springer, Springer, vol. 142(3), pages 459-475, October.
  8. Guillaume Gaulier & Françoise Lemoine & Deniz Ünal, 2009. "EU15 Trade with Emerging Economies and Rentier States: Leveraging Geography," Working Papers, CEPII research center 2009-25, CEPII research center.
  9. Guillaume Gaulier & Françoise Lemoine & Deniz Ünal, 2011. "China's Foreign Trade in the Perspective of a More Balanced Economic Growth," Working Papers, CEPII research center 2011-03, CEPII research center.
  10. Françoise Lemoine & Deniz Ünal-Kesenci, 2008. "Rise of China and India in International Trade: From Textiles to New Technology," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 16(5), pages 16-34.
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Cited by:
  1. Andrea ÉLTETŐ & Katalin VÖLGYI, 2013. "Integrated in the global value chains – trade developments between Hungary and Asia," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4, pages 57-79, June.
  2. Éltető, Andrea, 2014. "A visegrádi országok kereskedelme Ázsiával - a globális termelés lenyomata
    [The trade of the Visegrád countries with Asia - a manifestation of global production]
    ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 586-608.

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