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The rise of emerging economies in the EU15 trade

Author

Listed:
  • Guillaume Gaulier
  • Françoise Lemoine
  • Deniz Ünal

Abstract

The EU15 manufacturing trade with developing and emerging economies has now overtaken its trade with high-income countries. This trade has strengthened the European specialization in high-end products and medium-high technological sectors. The EU15 exports have been increasingly concentrated on its neighbours, while its imports from Asia were the most dynamic. The regional integration has favoured the technological and quality upgrading of the EU15 imports from its neighbours, while its imports from Asia were characterised by the surge of high-technology goods at low prices. The EU has increasingly concentrated its trade on the large emerging economies and especially on Russia and China

Suggested Citation

  • Guillaume Gaulier & Françoise Lemoine & Deniz Ünal, 2012. "The rise of emerging economies in the EU15 trade," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 9(1), pages 133-175, April.
  • Handle: RePEc:liu:liucej:v:9:y:2012:i:1:p:133-175
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    File URL: http://eaces.liuc.it/18242979201201/182429792012090106.pdf
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    References listed on IDEAS

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    1. Lionel Fontagné & Michael Freudenberg & Guillaume Gaulier, 2006. "A Systematic Decomposition of World Trade into Horizontal and Vertical IIT," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 142(3), pages 459-475, October.
    2. GAULIER, Guillaume & LEMOINE, Francoise & UNAL-KESENCI, Deniz, 2007. "China's emergence and the reorganisation of trade flows in Asia," China Economic Review, Elsevier, vol. 18(3), pages 209-243.
    3. Cheptea, Angela & Gaulier, Guillaume & Sondjo, Dieudonné & Zignago, Soledad, 2008. "Sectoral and geographical positioning of the EU in the international division of labour," MPRA Paper 42660, University Library of Munich, Germany.
    4. Lionel Fontagné & Guillaume Gaulier & Soledad Zignago, 2008. "Specialization across varieties and North-South competition," Economic Policy, CEPR;CES;MSH, vol. 23, pages 51-91, January.
    5. Matthieu Crozet & Isabelle Méjean & Soledad Zignago, 2011. "Plus grandes, plus fortes, plus loin.... Les performances des firmes exportatrices françaises," Revue économique, Presses de Sciences-Po, vol. 62(4), pages 717-736.
    6. Lionel Fontagné & Michaël Freudenberg, 1997. "Intra-Industry Trade: Methodological Issues Reconsidered," Working Papers 1997-01, CEPII research center.
    7. Guillaume Gaulier & Françoise Lemoine & Deniz Ünal, 2009. "EU15 Trade with Emerging Economies and Rentier States: Leveraging Geography," Working Papers 2009-25, CEPII research center.
    8. Françoise Lemoine & Deniz Ünal-Kesenci, 2008. "Rise of China and India in International Trade: From Textiles to New Technology," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 16(5), pages 16-34.
    9. Louise Curran & Soledad Zignago, 2009. "Evolution of EU and its Member States' Competitiveness in International Trade," Working Papers 2009-11, CEPII research center.
    10. Guillaume Gaulier & Françoise Lemoine & Deniz Ünal, 2011. "China's Foreign Trade in the Perspective of a More Balanced Economic Growth," Working Papers 2011-03, CEPII research center.
    11. Matthieu Crozet & Isabelle Méjean & Soledad Zignago, 2008. "Plus grandes, plus fortes, plus loin... Performances relatives des firmes exportatrices françaises," Working Papers 2008-26, CEPII research center.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Éltető, Andrea, 2014. "A visegrádi országok kereskedelme Ázsiával - a globális termelés lenyomata
      [The trade of the Visegrád countries with Asia - a manifestation of global production]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 586-608.
    2. Orszaghova, Lucia & Schudel, Willem & Dautovic, Ernest, 2014. "Intra-industry trade between CESEE countries and the EU15," Working Paper Series 1719, European Central Bank.
    3. Andrea ÉLTETŐ & Katalin VÖLGYI, 2013. "Integrated in the global value chains - trade developments between Hungary and Asia," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4, pages 57-79, June.

    More about this item

    Keywords

    Trade; developing and emerging economies; European Union; export prices; high-technology;

    JEL classification:

    • F1 - International Economics - - Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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