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How Cefta Influenced The Competitiveness Of Agri-Food Trade In The Western Balkans

Author

Listed:
  • Bojan Matkovski
  • Danilo Đokić
  • Luna Vodana Jović

Abstract

The regional integration with the CEFTA significantly influenced the liberalisation of the market, which led to an increase in exports of agri-food products in the Western Balkan economies. The main objective of this paper is to examine the impact of the CEFTA on the export of agrifood products of Western Balkan economies on the global and regional markets. In this context, comparative advantages have been analysed, and the gravity model based on panel data has been estimated. According to the results, all the Western Balkan economies have comparative advantages in exporting on the international market. Results of the gravity model estimation showed that free trade agreements with the CEFTA positively affected the intensification of agri-food product exports. Western Balkan economies have similar economic development and competitiveness levels. Thus, reintegrating the market established by CEFTA affected the export of agri-food products.

Suggested Citation

  • Bojan Matkovski & Danilo Đokić & Luna Vodana Jović, 2022. "How Cefta Influenced The Competitiveness Of Agri-Food Trade In The Western Balkans," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 67(235), pages 37-66, October –.
    • Handle: RePEc:beo:journl:v:67:y:2022:i:235:p:37-66
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    References listed on IDEAS

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    More about this item

    Keywords

    CEFTA; agri-food trade; Western Balkans; revealed comparative advantages; gravity model;
    All these keywords.

    JEL classification:

    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • F15 - International Economics - - Trade - - - Economic Integration

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