Commercial Specialisation in the Countries of Central-Eastern Europe
The paper analyses evolution in the trade specialisation pattern shown by the new EU Member States. On the evidence of on the Lafay index of international specialization, which encompasses both import and export flows, we show that the new EU Members have gained comparative advantages relatively fast in sectors where they had been lagging behind at the beginning of the transition. In particular, they show positive specialization in many manufactured goods and rely less on natural resources and raw materials than most other emerging economies. They generally display an increasing specialisation trend and high mobility in a large number of “high-tech” products, in spite of the significant technological gap inherited from the planned economy era.
Volume (Year): (2006)
Issue (Month): 3 (July)
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