Trade in Services in the Central and East European Countries
Roman Römisch ()
No 274, wiiw Research Reports from The Vienna Institute for International Economic Studies, wiiw
Trade in services, although often neglected by theory and empiricism, plays a quite influential role in the balance of payments of most countries. In the case of the CEE countries, services trade also enters another dimension it is a helpful means in the modernization process of the CEE economies whose (producer) services, as of 1989, were far from the development level typical of well-functioning market economies. The first part of the present paper gives a theoretical and empirical overview of the services trade in eight CEECs, highlighting their strengths and weaknesses. The second part of the paper focuses on the services trade of the Czech Republic, Hungary and Poland with the EU in general and Austria in particular, thus also allowing for an examination of the advantages and disadvantages Austria has vis-à-vis the EU in trading services with the CEECs.
Keywords: Central and East European countries; foreign trade; trade in services; balances of payments (search for similar items in EconPapers)
JEL-codes: F14 F15 P52 (search for similar items in EconPapers)
Pages: 122 pages including 68 Tables and 5 Figures
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