CEE’s Export Instability toward East Asian Markets: Evidence from Panel ARDL Models

Shoiw-Mei Tseng ()
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Shoiw-Mei Tseng: Department of International Business, I-Shou University, Kaohsiung City, Taiwan

Acta Oeconomica, 2017, vol. 67, issue 1, 99-115

Abstract: Exports play a significant role in the economic catching-up transition in Central and Eastern Europe (CEE). The East Asian market has emerged for CEE’s exports not only because of its dynamic economy, but also because of the European debt crisis, the political tension between Ukraine and Russia, and the recent threat of terrorism. This study utilises panel ARDL models to estimate the long-run and short-run relationships between export instability and commodity concentration and geographic concentration. The datasets cover the 2004–2014 period for the trade of all the CEE countries with 10 East Asian marketplaces. The results of the causal relationships show significance in the long-run, but not in the short-run. This study suggests that the CEE export policy toward East Asia is likely to consider the impact of trade concentrations on export instability.

Keywords: Central and Eastern Europe; commodity concentration; East Asia; export instability; geographic concentration; panel ARDL (search for similar items in EconPapers)
JEL-codes: C33 F14 O57 (search for similar items in EconPapers)
Date: 2017
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