Trade regimes and bilateral trade in the EU enlargement process: Focus on the Western Balkans

Radmila Dragutinović-Mitrović () and Predrag Bjelic
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Radmila Dragutinović-Mitrović: Faculty of Economics, University of Belgrade, Serbia.

Acta Oeconomica, 2015, vol. 65, issue 2, 249-270

Abstract: This paper aims at investigating the role of different trade regimes in determining the bilateral trade of Western Balkan countries and the enlarged European Union between 2001–2010. Special focus is laid on the intra-regional trade of Western Balkan countries and complementarities of this sub-regional trade integration and the EU accession process. Using panel data, we estimated the gravity model of bilateral exports from Western Balkan and Central Eastern European countries to the core EU members in the 2001–2010 period. The results confirm the importance of EU membership for the development of acceding countries’ trade and shed light on asymmetrical trade regimes as important factors of boosting the bilateral trade flows. Additionally, CEFTA 2006 has a significant contribution to intra-regional Western Balkans trade.

Keywords: EU enlargement; bilateral trade; trade regimes; gravity model; panel data; Western Balkan (search for similar items in EconPapers)
JEL-codes: C33 C36 F13 F14 F15 (search for similar items in EconPapers)
Date: 2015
Note: This paper is a result of scientific projects implemented by the Faculty of Economics of the University of Belgrade for the Ministry of Education, Science and Technological Development of the Republic of Serbia.
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