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Fishing in the same pool? export strengths and competitiveness of China and CESEE in the EU-15 Market

Author

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  • Wörz, Julia
  • Silgoner, Maria
  • Steiner, Katharina
  • Schitter, Christian

Abstract

We investigate the impact of China as a global competitor on the trade performance of the ten Central, Eastern and Southeastern European EU Member States (CESEE-10) in the EU-15 market. The paper takes a comprehensive approach as we analyze export growth, export market shares, extensive and intensive margins and the dynamics in the number of joint trade links (Dynamic Trade Link Analysis) from 1995 to 2010. According to our findings, the most contested markets are those for capital goods and transport equipment. Overall, competition between CESEE-10 and China intensified as a result of their outstanding competitiveness and the continuous deepening of already existing trade relationships, while cutthroat competition has not materialized. While this suggests that the CESEE countries pursue a suitable export strategy, diversification of production toward promising new industries and markets remains essential, not least because the EU-15 market is projected to grow at a slower pace in the longer run. JEL Classification: F14, F15, O57

Suggested Citation

  • Wörz, Julia & Silgoner, Maria & Steiner, Katharina & Schitter, Christian, 2013. "Fishing in the same pool? export strengths and competitiveness of China and CESEE in the EU-15 Market," Working Paper Series 1559, European Central Bank.
  • Handle: RePEc:ecb:ecbwps:20131559
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    References listed on IDEAS

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    Cited by:

    1. Kamil Galuscak & Ivan Sutoris, 2016. "Margins of Trade: Czech Firms Before, During and After the Crisis," Working Papers 2016/12, Czech National Bank, Research Department.
    2. Osbat, Chiara & Benkovskis, Konstantins & Bluhm, Benjamin & Bobeica, Elena & Zeugner, Stefan, 2017. "What drives export market shares? It depends! An empirical analysis using Bayesian Model Averaging," Working Paper Series 2090, European Central Bank.
    3. Orszaghova, Lucia & Savelin, Li & Schudel, Willem, 2013. "External competitiveness of EU candidate countries," Occasional Paper Series 141, European Central Bank.
    4. Georgescu Vladimir, 2014. "Patterns in Trade in Selected European Union Countries," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 125-130, May.
    5. Wörz, Julia & Benkovskis, Konstantins & Silgoner, Maria & Steiner, Katharina, 2013. "Crowding-out or co-existence? the competitive position of EU members and China in global merchandise trade," Working Paper Series 1617, European Central Bank.

    More about this item

    Keywords

    central; China; competitiveness; Eastern and Southeastern Europe; trade shift-share analysis;

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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