Investigating Disaggregate East-West Trade Data: The Reshaping of the International Division of Labor

Jarko Fidrmuc, Christian Helmenstein and Peter Huber
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Christian Helmenstein: Department of Economics, Institute for Advanced Studies, Vienna

No 23, East European Series from Institute for Advanced Studies

Abstract: In this paper we analyze annual trade data for Austria and Central and Eastern Europe (CEE) on a disaggregate level. Permanent structural changes in East-West trade turn out to be an important feature in the transition process. The considerable contribution of intra-industry trade to overall trade growth indicates smaller adjustment needs in Western Europe than suggested by earlier literature. Our results support the hypothesis that the Southern European Union members will be most strongly affected by competition from CEE exporters. In turn, the Union's reluctance to admit further members is likely to differ considerably across CEE applicants.

Keywords: East-West Trade; Transformation in Eastern Europe; Economic Integration; Structural Change (search for similar items in EconPapers)
JEL-codes: F14 F15 P51 (search for similar items in EconPapers)
Pages: 18 pages
Date: 1995-05
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Citations: View citations in EconPapers (3)

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https://irihs.ihs.ac.at/id/eprint/841 First version, 1995 (application/pdf)

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