Is Czech Export still Biased towards the Eastern Markets?

Lucie Coufalová and Libor Žídek
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Libor Žídek: Faculty of Economics and Administration, Masaryk University, Lipová 41a, 602 00 Brno, Czech Republic

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2017, vol. 65, issue 4, 1339-1347

Abstract: There were special relationships among the COMECON members during the period of the centrally planning system. Czechoslovak trade/export was naturally biased towards these countries. The goal of this paper is to find out if there still exists any export bias towards the Russian or the ex-COMECON markets. In our research approach we use gravity models. We revealed that taking into consideration growth in GDP, geographical distance and institutions there is no bias towards the Russian or the CIS markets. But we discovered a bias towards the ex-COMECON contemporary members of the EU.

Keywords: Czech exports; COMECON; Russia; gravity model (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:mup:actaun:actaun_2017065041339

DOI: 10.11118/actaun201765041339

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