Trade advantages and specialisation dynamics in acceding countries

The paper analyses the evolution of the trade specialisation pattern in the ten countries which will join the EU in 2004, by studying the dynamics of their comparative advantages over the period 1993-2000. The study finds that, although some countries are still broadly relying on natural resources, most of them enjoy significant comparative advantages in many manufactured goods. Moreover, in spite of large technological gaps inherited from the long period of centrally planned economy, some were able to specialise in u0093high techu0094 products. Finally, most countries recorded large specialisation improvements in items for which the world demand expanded at the fastest rate over the Nineties; in particular, Estonia, Hungary, Malta and Slovenia showed an overall positive comparative advantage in the set of the most demanded products.

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Year of publication:	2003-08-01
Authors:	Zaghini, Andrea
Publisher:	European Central Bank
Subject:	EU-Erweiterung \| EU enlargement \| Internationale Arbeitsteilung \| International division of labour \| Komparativer Kostenvorteil \| Comparative advantage \| Malta \| Nordosteuropa \| Northeast Europe \| Osteuropa \| Eastern Europe \| Zypern \| Cyprus

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Extent:	561152 bytes 52 p. application/pdf
Series:	Working paper series / European Central Bank ; 249
Type of publication:	Book / Working Paper
Language:	English
Classification:	E23 - Production ; F14 - Country and Industry Studies of Trade ; F15 - Economic Integration ; Foreign Trade Policy. Other ; EU Enlargement ; Individual Working Papers, Preprints ; Eastern Europe. General Resources
Source:	ArchiDok