Duration of trade of former communist countries at the EU
Imre Fertő and
Károly Attila Soos ()
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Károly Attila Soos: Institute of Economics, Hungarian Academy of Sciences
No 816, CERS-IE WORKING PAPERS from Institute of Economics, Centre for Economic and Regional Studies
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.
Keywords: trade; former communist countries; EU (search for similar items in EconPapers)
JEL-codes: F10 F14 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2008-08
New Economics Papers: this item is included in nep-eec and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:has:discpr:0816
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