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Trade advantages and specialisation dynamics in acceding countries

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  • Zaghini, Andrea

Abstract

The paper analyses the evolution of the trade specialisation pattern in the ten countries which will join the EU in 2004, by studying the dynamics of their comparative advantages over the period 1993-2000. The study finds that, although some countries are still broadly relying on natural resources, most of them enjoy significant comparative advantages in many manufactured goods. Moreover, in spite of large technological gaps inherited from the long period of centrally planned economy, some were able to specialise in "high tech" products. Finally, most countries recorded large specialisation improvements in items for which the world demand expanded at the fastest rate over the Nineties; in particular, Estonia, Hungary, Malta and Slovenia showed an overall positive comparative advantage in the set of the most demanded products. JEL Classification: F14, F15, E23

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Bibliographic Info

Paper provided by European Central Bank in its series Working Paper Series with number 0249.

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Date of creation: Aug 2003
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Handle: RePEc:ecb:ecbwps:20030249

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Related research

Keywords: Distribution dynamics; International Specialisation model; Revealed comparative advantages;

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References

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  1. André Sapir & Daniel Begg & Alasdair Smith & Charles Wyplosz & Carl Hamilton & L. Alan Winters & Francesco Giavazzi & Victor Norman & Jean-Pierre Danthine & Damien Neven, 1990. "Monitoring European integration: the impact of Eastern Europe :a CEPR annual report," ULB Institutional Repository 2013/8224, ULB -- Universite Libre de Bruxelles.
  2. Andrea Brasili & Paolo Epifani & Rodolfo Helg, 2000. "On the Dynamics of Trade Patterns," International Trade 0004006, EconWPA.
  3. Jarko Fidrmuc & Daniela Grozea-Helmenstein & Andreas Wörgötter, 1999. "East-west intra-industry trade dynamics," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 135(2), pages 332-346, June.
  4. Siegfried Bender & Kui-Wai Li, 2002. "The Changing Trade and Revealed Comparative Advantages of Asian and Latin American Manufacture Exports," Working Papers 843, Economic Growth Center, Yale University.
  5. Stanley Fischer & Ratna Sahay, 2000. "The Transition Economies After Ten Years," IMF Working Papers 00/30, International Monetary Fund.
  6. Carolan, Terrie & Singh, Nirvikar & Talati, Cyrus, 1998. "The composition of U.S.-East Asia trade and changing comparative advantage," Journal of Development Economics, Elsevier, vol. 57(2), pages 361-389.
  7. Stanley Fischer & Ratna Sahay, 2000. "The Transition Economies After Ten Years," NBER Working Papers 7664, National Bureau of Economic Research, Inc.
  8. Chiara Bentivogli & Paola Monti, 2001. "International Transmission Via Trade Links: Theoretically Consistent Indicators of Interdependence for Latin America and South-East Asia," Temi di discussione (Economic working papers) 410, Bank of Italy, Economic Research and International Relations Area.
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Cited by:
  1. Marialuz Moreno Badia & Veerle Slootmaekers & Ilke Van Beveren, 2008. "Globalization Drives Strategic Product Switching," IMF Working Papers 08/246, International Monetary Fund.
  2. Roberta De Santis, 2004. "Has Trade Structure Any Importance in the Trasmission of Currency Shocks? An Empirical Application for Central and Eastern European Acceding Countries to Eu," ISAE Working Papers 43, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).
  3. Giovanni Federico & Nikolaus Wolf, 2011. "Comparative Advantages in Italy: A Long-Run Perspective," Quaderni di storia economica (Economic History Working Papers) 09, Bank of Italy, Economic Research and International Relations Area.
  4. Levkovych, Inna, 2011. "Der ukrainische Außenhandel mit Produkten der Agrar- und Ernährungswirtschaft: Eine quantitative Analyse aus Sicht traditioneller und neuer Außenhandelstheorien," Studies on the Agricultural and Food Sector in Central and Eastern Europe, Leib­niz Institute of Agricultural Development in Central and Eastern Europe (IAMO), volume 59, number 109520.
  5. Ascari, Guido & Rankin, Neil, 2004. "Perpetual youth and endogenous labour supply: a problem and a possible solution," Working Paper Series 0346, European Central Bank.
  6. Alessandro Antimiani & Fabrizio De Filippis & Roberto Henke, 2006. "European Union Enlargement and Agri-Food Trade Specialisation," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 2, May.
  7. Oana Ancuta Stangaciu, 2011. "The Dynamic Of Regional Trade Specialisation Pattern In Romania," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 3, pages 336-354, June.

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