How Much Restructuring did the Transition Countries Experience? Evidence from Quality of their Exports

Yener Kandogan ()

William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: The increase in exports to market economies is a good sign, but it is not conclusive about the extent of restructuring of production technologies experienced in transition countries. This paper explores the source of the increase with an analysis of their exports’ quality, interprets the results for the extent of restructuring, and discusses the potential factors behind them. Changes in factor intensity and unit values of both CEEC and CIS exports in different manufacturing sectors during 1992-1999 are analyzed. Although CEEC are in a significantly better position than CIS due to Europe Agreements, there is still large number of products with structural problems in CEEC. Insufficient FDI, the OPT in the Europe Agreements, and not fully exploited human capital are suggested as possible factors.

Keywords: Unit values; Restructuring; Eastern Europe; Commonwealth of Independent States; Europe Agreements. (search for similar items in EconPapers)
JEL-codes: F14 F15 O19 P27 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2004-01-01
New Economics Papers: this item is included in nep-dev, nep-ifn and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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