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Trade regimes and bilateral trade in the EU enlargement process: Focus on the Western Balkans

Author

Listed:
  • Radmila Dragutinović-Mitrović

    (Faculty of Economics, University of Belgrade, Serbia.)

  • Predrag Bjelić

    (Faculty of Economics, University of Belgrade, Serbia)

Abstract

This paper aims at investigating the role of different trade regimes in determining the bilateral trade of Western Balkan countries and the enlarged European Union between 2001–2010. Special focus is laid on the intra-regional trade of Western Balkan countries and complementarities of this sub-regional trade integration and the EU accession process. Using panel data, we estimated the gravity model of bilateral exports from Western Balkan and Central Eastern European countries to the core EU members in the 2001–2010 period. The results confirm the importance of EU membership for the development of acceding countries’ trade and shed light on asymmetrical trade regimes as important factors of boosting the bilateral trade flows. Additionally, CEFTA 2006 has a significant contribution to intra-regional Western Balkans trade.

Suggested Citation

  • Radmila Dragutinović-Mitrović & Predrag Bjelić, 2015. "Trade regimes and bilateral trade in the EU enlargement process: Focus on the Western Balkans," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 65(2), pages 249-270, June.
    • Handle: RePEc:aka:aoecon:v:65:y:2015:i:2:p:249-270
    Note: This paper is a result of scientific projects implemented by the Faculty of Economics of the University of Belgrade for the Ministry of Education, Science and Technological Development of the Republic of Serbia.
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    Citations

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    Cited by:

    1. Bojan Matkovski & Stanislav Zekic & Mirko Savic & Boris Radovanov, 2018. "Trade of agri-food products in the EU enlargement process: Evidence from the Southeastern Europe," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 64(8), pages 357-366.
    2. Domenico Gattuso & Gian Carla Cassone & Domenica Savia Pellicanò, 2022. "Assessment of freight traffic flows and harmful emissions in euro-mediterranean context: scenario analyses based on a gravity model," Journal of Shipping and Trade, Springer, vol. 7(1), pages 1-18, December.

    More about this item

    Keywords

    EU enlargement; bilateral trade; trade regimes; gravity model; panel data; Western Balkan;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • C36 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Instrumental Variables (IV) Estimation
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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