The Long-Term Volume of East Europe's Foreign Trade: An Estimate

Dominique Ella Christin

Economic Change and Restructuring, 1996, vol. 29, issue 1, 24 pages

Abstract: The transformation process of East European (EE) countries led to the disappearance of the Council for Mutual Economic Assistance, the former Soviet-bloc economic integration scheme, as well as other changes in the foreign trade sector of those economies. This study seeks to identify the potential long run modifications in the volume of trade of EE countries by using a well-established model employed in the foreign trade literature, the gravity equation. Quantitative results suggest that in the next decade trade between East and West European countries could double from its present level. Copyright 1996 by Kluwer Academic Publishers

Date: 1996
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