Trade Possibilities and Structure of Foreign Trade: The Case of Hungary and Poland
Abstract
Reintegration of the Central and East European countries into the world economy factors prominently in the transition process. The success of such a challenge depends on domestic factors as well as the trade policy of the European Community toward the economies in transition. Some criticize the Europe Agreements for not being generous enough in the sensitive sectors. We analyze the export possibilities of Hungary and Poland in 1991 and 1992, taking into account their commodity composition of trade. Using a gravity model extended with a variable for the commodity composition of trade, it is shown that Poland and Hungary have not been able to convert their export possibilities into actual exports to the extent long-standing market economies could. However, we show that Hungary and Poland have better export possibilities that a number of West European countries and that Hungary has more export possibilities in the non-sensitive sector than Poland. Our results demonstrate that Europe Agreements appear to be less beneficial for Poland than for Hungary.Download Info
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Bibliographic Info
Article provided by Palgrave Macmillan in its journal Comparative Economic Studies.
Volume (Year): 38 (1996)
Issue (Month): 2-3 (September)
Pages: 1-19
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Paas, Tiiu, 2002. "Gravity approach for exploring Baltic Sea regional integration in the field of international trade," HWWA Discussion Papers 180, Hamburg Institute of International Economics (HWWA).
- Isabel Proença & Maria Fontoura & Enrique Martínez-Galán, 2008. "Trade in the enlarged European Union: a new approach on trade potential," Portuguese Economic Journal, Springer, vol. 7(3), pages 205-224, December.
- Maria Paula Fontoura & Enrique Martínez-Galán & Isabel Proença, 2006.
"Trade Potential in an Enlarged European Union: A Recent Approach,"
Working Papers
2006/08, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon..
- Enrique Martínez-Galán & Maria-Paula Fontoura & Isabel Proença, 2005. "Trade Potential In An Enlarged European Union: A Recent Approach," International Trade 0508011, EconWPA.
- Chaponniere, Jean-Raphael & Cling, Jean-Pierre & Zhou, Bin, 2008. "Vietnam Following in China?s Footsteps: The Third Wave of Emerging Asian Economies," Working Papers RP2008/84, World Institute for Development Economic Research (UNU-WIDER).
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