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Verification of the New Trade Theory in EU's Trade with CEECs Author info | Abstract | Publisher info | Download info | Related research | Statistics Fidrmuc, Jarko (Institute for Advanced Studies, Vienna)
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The new trade theory explains several features of the current development of EU's trade with CEECs better than the Heckscher-Ohlin model. In 1997, CEECs participated in the European economy with levels of intraindustry trade comparable to peripheral EU countries. However, this induced increased specialization in EU countries, which contrasts with the development in the previous decades. The development of intraindustry trade is positively related to the growth of wages and negatively to interest rates.
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Paper provided by Institute for Advanced Studies in its series Economics Series with number
72.
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Length: 19 pages
Date of creation: Sep 1999Date of revision:
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Keywords: New trade theory ; Intraindustry trade ; Kernel estimates of distribution ; Fixed effects model ; Find related papers by JEL classification: F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies F14 - International Economics - - Trade - - - Country and Industry Studies of Trade F15 - International Economics - - Trade - - - Economic Integration
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Chonira Aturupane & Simeon Djankov & Bernard Hoekman, 1999.
"Horizontal and vertical intra-industry trade between Eastern Europe and the European union ,"
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Springer, vol. 135(1), pages 62-81, March.
[Downloadable!] (restricted)
Krugman, Paul, 1980.
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American Economic Review ,
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[Downloadable!] (restricted)
Hummels, David & Levinsohn, James, 1995.
"Monopolistic Competition and International Trade: Reconsidering the Evidence ,"
The Quarterly Journal of Economics ,
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[Downloadable!] (restricted)
Other versions:
David Hummels & James Levinsohn, 1993.
"Monopolistic Competition and International Trade: Reconsidering the Evidence ,"
NBER Working Papers
4389, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Hummels, D. & Levinsohn, J., 1993.
"Monopolistic Competition and International Trade: Reconsidering the Evidence ,"
Working Papers
339, Research Seminar in International Economics, University of Michigan.
Falvey, Rodney E., 1981.
"Commercial policy and intra-industry trade ,"
Journal of International Economics ,
Elsevier, vol. 11(4), pages 495-511, November.
[Downloadable!] (restricted)
Rudolf Loertscher & Frank Wolter, 1980.
"Determinants of intra-industry trade: Among countries and across industries ,"
Review of World Economics (Weltwirtschaftliches Archiv) ,
Springer, vol. 116(2), pages 280-293, June.
[Downloadable!] (restricted)
Hoekman, Bernard & Djankov, Simeon, 1997.
"Determinants of the Export Structure of Countries in Central and Eastern Europe ,"
World Bank Economic Review ,
Oxford University Press, vol. 11(3), pages 471-87, September.
Grubel, Herbert G & Lloyd, P J, 1971.
"The Empirical Measurement of Intra- Industry Trade ,"
The Economic Record ,
The Economic Society of Australia, vol. 47(120), pages 494-517, December.
Krugman, Paul R, 1981.
"Intraindustry Specialization and the Gains from Trade ,"
Journal of Political Economy ,
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[Downloadable!] (restricted)
Marius Brülhart, 1994.
"Marginal intra-industry trade: Measurement and relevance for the pattern of industrial adjustment ,"
Review of World Economics (Weltwirtschaftliches Archiv) ,
Springer, vol. 130(3), pages 600-613, September.
[Downloadable!] (restricted)
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.
[Downloadable!] (restricted)
Krugman, Paul, 1991.
"History versus Expectations ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 106(2), pages 651-67, May.
[Downloadable!] (restricted)
Dixit, Avinash K & Stiglitz, Joseph E, 1977.
"Monopolistic Competition and Optimum Product Diversity ,"
American Economic Review ,
American Economic Association, vol. 67(3), pages 297-308, June.
[Downloadable!] (restricted)
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Fidrmuc, Jarko, 2001.
"The Endogeneity of optimum currency area criteria, intraindustry trade and EMU enlargement ,"
BOFIT Discussion Papers
8/2001, Bank of Finland, Institute for Economies in Transition.
[Downloadable!]
Jarko Fidrmuc, 2001.
"The Endogeneity of the Optimum Currency Area Criteria, Intraindustry Trade, and EMU Enlargement ,"
LICOS Discussion Papers
10601, LICOS - Centre for Institutions and Economic Performance, K.U.Leuven.
[Downloadable!]
Other versions: Jarko Fidrmuc & Peter Huber & Jan Jakub Michalek, .
"Poland's Accession to the European Union: Demand for Protection of Selected Sensitive Products ,"
WIFO Working Papers
117, WIFO.
[Downloadable!]
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