EconPapers    
Economics at your fingertips  
 

Foreign trade trends in the Hungarian-Romanian turnover of agricultural products

Miklós Vásáry ()
Additional contact information
Miklós Vásáry: Szent István University, Faculty of Economics and Social Sciences, Hungary

Eastern Journal of European Studies, 2013, vol. 4(1), pages 81-103

Abstract: The accession to the European Union (EU) has brought a lot of advantages for all the new member states (NMS). The general and wide range implementation of economic integration gave the hope of economic prosperity and macroeconomic stability for all the new member states. In the case of foreign trade of agricultural products the possibility of expansion has opened after EU integration. The chance to build and stabilize new trading relations was especially important for the small countries with an open economy. In general, it can be concluded from the analysis of EU membership that the trade among new member countries has substantially expanded as a result of increasing trading activities in relation to member states which integrated into the EU in 2004 and also due to the elimination of former trading barriers and a growing common internal market. Starting from this, the examination of trading of goods between particular countries is also justified. The important aspects in considering the possible solutions for the consequences of the economic crisis in 2008 are: the strengthening of regional markets, the utilization of geographical conditions and the increasing role of comparative advantages. The present study details how the Hungarian-Romanian agricultural trade has changed in the frames of bilateral trading activities due to the second wave of Eastern expansion and what tendencies can be observed. In regards to trading of goods, it is reviewed which products show concentration and which products can be characterized with comparative advantages.

Keywords: agricultural foreign trade; Hungary; Romania; EU; export specialization; comparative advantage (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://ejes.uaic.ro/articles/EJES2013_0401_VAS.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:jes:journl:y:2013:v:4:p:81-103

Access Statistics for this article

Eastern Journal of European Studies is currently edited by June

More articles in Eastern Journal of European Studies from Centre for European Studies, Alexandru Ioan Cuza University Contact information at EDIRC.
Series data maintained by Alupului Ciprian ().

 
Page updated 2015-09-08
Handle: RePEc:jes:journl:y:2013:v:4:p:81-103