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Trade advantages and specialisation dynamics in acceding countries

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  • Zaghini, Andrea

Abstract

The paper analyses the evolution of the trade specialisation pattern in the ten countries which will join the EU in 2004, by studying the dynamics of their comparative advantages over the period 1993-2000. The study finds that, although some countries are still broadly relying on natural resources, most of them enjoy significant comparative advantages in many manufactured goods. Moreover, in spite of large technological gaps inherited from the long period of centrally planned economy, some were able to specialise in "high tech" products. Finally, most countries recorded large specialisation improvements in items for which the world demand expanded at the fastest rate over the Nineties; in particular, Estonia, Hungary, Malta and Slovenia showed an overall positive comparative advantage in the set of the most demanded products. JEL Classification: F14, F15, E23

Suggested Citation

  • Zaghini, Andrea, 2003. "Trade advantages and specialisation dynamics in acceding countries," Working Paper Series 249, European Central Bank.
    • Handle: RePEc:ecb:ecbwps:2003249
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    File URL: https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp249.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Distribution dynamics; International Specialisation model; Revealed comparative advantages;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production

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