Economics at your fingertips  

Trade effects of the euro adoption by the EU new member states

Andrzej Cieślik (), Jan Michalek () and Jerzy Mycielski
Additional contact information
Jerzy Mycielski: University of Warsaw, Faculty of Economic Sciences

Bank i Kredyt, 2014, vol. 45, issue 4, 331-348

Abstract: In this paper we estimate the trade effects of the euro adoption in countries that joined the European Union in 2004. We employ a generalized gravity model that controls for an extended set of trade theory and policy variables. Trade theory variables include both the country size and factor proportion variables. Trade policy variables include the membership in GATT/WTO, CEFTA, OECD, EU and Europe agreements. The gravity model is estimated for the sample consisting of over 20 thousand country-pairs during the period 1990−2010 using the fixed effects estimator. It seems that elimination of exchange rate volatility resulted in trade expansion for the new member states but the accession to the Eurozone did not have positive effects on the volume of exports of the analyzed countries.

Keywords: EU new member states; trade effects of euro; panel gravity model (search for similar items in EconPapers)
JEL-codes: F14 F15 F33 F42 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link) (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:

Access Statistics for this article

More articles in Bank i Kredyt from Narodowy Bank Polski Contact information at EDIRC.
Bibliographic data for series maintained by Michał Wieloch ().

Page updated 2019-08-12
Handle: RePEc:nbp:nbpbik:v:45:y:2014:i:4:p:331-348