EU15 Trade with Emerging Economies and Rentier States: Leveraging Geography

Guillaume Gaulier, Francoise Lemoine and Deniz Ünal

Working Papers from CEPII research center

Abstract: During the past ten years, the emerging economies, exporters of manufactured products or services, and the rentier states, exporters of primary products, have eroded the dominant position of the developed countries in world markets. The EU15 has lost less ground than the US or Japan. The EU15 has taken advantage of its geographical location to enhance its exports to the emerging and rentier countries located in Europe & Periphery. Regional integration has also favoured the upgrading of the EU15 imports from its emerging neighbours. The EU15 trade with emerging markets in Asia have strengthened the latter’s specialisation in high-technology products at low price, and the EU15 specialisation in hightechnology and high-quality products.

Keywords: TRADE; EMERGING ECONOMIES; RENTIER STATES; EUROPEAN UNION; EXPORT PRICES (search for similar items in EconPapers)
JEL-codes: F1 F14 F5 (search for similar items in EconPapers)
Date: 2009-10
New Economics Papers: this item is included in nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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