Estimating Bulgaria's Trade Borders with the EU An Application of the Empirical Gravity Model of Trade

Dragomir Iliev (), Galin Stefanov () and Yoto Yotov
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Dragomir Iliev: Tsenov Academy of Economics
Galin Stefanov: Tsenov Academy of Economics

No 2017-2, School of Economics Working Paper Series from LeBow College of Business, Drexel University

Abstract: We use the empirical gravity model of international trade to evaluate the borders in manufacturing trade between Bulgaria and the European Union (BG-EU). Our results suggest that in 2006 the BG-EU border was quite large and not statistically different from the average border in our sample of 69 countries. As expected, our estimates confirm that the trade border between Bulgaria and the EU members was very large, and much larger than the average sample border, before the collapse of communism. The border fell sharply in the early to mid-90s, but it followed the average sample trend since then. We also document weak asymmetries in the BG-EU border in favor of EU exports to Bulgaria. Our results point to a series of extensions and further analysis.

Keywords: Bulgarian Trade Border with EU; Structural Gravity; Integration (search for similar items in EconPapers)
JEL-codes: F10 F13 F14 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2017-01-16
New Economics Papers: this item is included in nep-int
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Journal Article: ESTIMATING BULGARIA’S TRADE BORDERS WITH THE EU AN APPLICATION OF THE EMPIRICAL GRAVITY MODEL OF TRADE (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:drxlwp:2017_002

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