Evaluation of Latvia's Re-Exports Using Firm-Level Data

Konstantins Benkovskis, Santa Berzina and Liva Zorgenfreija
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Santa Berzina: Bank of Latvia
Liva Zorgenfreija: Bank of Latvia

No 2015/03, Discussion Papers from Latvijas Banka

Abstract: We use an anonymised firm-level trade database provided by the CSB to evaluate Latvia's re-exports. We obtain estimates of re-export flows and the corresponding re-export mark-ups by solving a linear maximisation problem for each firm-product pair. We find that the share of re-export flows in the total merchandise exports and imports is significant and follows an increasing trend. The share of re-exports is especially important in product groups, such as transport vehicles, plastics, mineral products, as well as machinery and electrical equipment. The majority of re-export flows is directed to Latvia's closest neighbours Lithuania and Estonia, suggesting that the country serves as a sort of a regional transport hub. We also find that the average re-export mark-ups were sizeable allowing us to conclude that re-export operations may also provide an important contribution to Latvia's GDP.

Keywords: re-exports; firm-level data; Latvia; simplex (search for similar items in EconPapers)
JEL-codes: D22 F14 (search for similar items in EconPapers)
Date: 2015-11-09
New Economics Papers: this item is included in nep-cis, nep-int and nep-tra
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Evaluation of Latvia’s re-exports using firm-level trade data (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:ltv:dpaper:201503

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