Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - Institute for the Study of Labor (IZA) - 2011
This paper analyses the trade balance effects of Europe agreements (EA) between the EU-15 and four new EU members from …. Our estimation results indicate a positive and significant impact of EA on trade flows. However, there is an asymmetric … impact of the agreement variable on the trade balance, exports and imports being affected in different ways, which results in …