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Duration of trade of former communist countries at the EU

Author

Listed:
  • Imre Ferto

    (Institute of Economics, Hungarian Academy of Sciences)

  • Károly Attila Soos

    (Institute of Economics, Hungarian Academy of Sciences)

Abstract

The article analyses the duration of exports of individual products of former communist countries to the enlarged European Union (EU25) employing survival analysis. The results show that the duration of trade differs across EU10 and EU15 markets, for the majority of countries the length of trade is higher in EU10 markets than in the EU15 markets. The estimations suggest that differentiated products are traded for more extended periods than homogenous products. In addition, trade relationships starting with large initial sales are more likely to survive the observed five year period than those starting with small values. Finally, the estimations are robust to both markets segments.

Suggested Citation

  • Imre Ferto & Károly Attila Soos, 2008. "Duration of trade of former communist countries at the EU," CERS-IE WORKING PAPERS 0816, Institute of Economics, Centre for Economic and Regional Studies.
    • Handle: RePEc:has:discpr:0816
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    References listed on IDEAS

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    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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