Structural Change, Innovation and Growth in the Context of EU Eastern Enlargement
AbstractEU Eastern enlargement has brought trade creation, growth and shifts in trading patterns in the context of opening up, structural change, foreign direct investment and rising domestic investment. We focus on outsourcing and changes in relative prices, RCAs, and export unit values in new EU member states. From a theoretical perspective, it is argued that real exchange rate changes, shifts of RCAs, as well as product innovations/product upgrading will influence the pattern of foreign direct investment. Thus a hybrid Heckscher-Ohlin-Dunning-Schumpeter perspective is an adequate approach. From an empirical point of view, the results of a dynamic panel estimation reveals that industrial production, export unit values, FDI and wages are the most important factors driving comparative advantages in trade. However, their impact and significance depends to a great extent on whether we deal with labour intensive industries, high technology industries or total manufacturing.
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Bibliographic InfoPaper provided by Universitätsbibliothek Wuppertal, University Library in its series EIIW Discussion paper with number disbei140.
Length: 61 Pages
Date of creation: Jan 2006
Date of revision:
Contact details of provider:
Web page: http://elpub.bib.uni-wuppertal.de
Trade; Foreign Direct Investment; EU; Eastern Enlargement; Structural; Change; Panel Data Analysis;
Find related papers by JEL classification:
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- F15 - International Economics - - Trade - - - Economic Integration
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
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