The Trade Impact of the Integration of the Central and Eastern European Countries on the European Union

Martin, Carmela; Turrion, Jaime

doi:2003.18.2.288

Journal of Economic Integration 2003 June;18(2) :288-306.
DOI: https://doi.org/10.11130/jei.2003.18.2.288

The Trade Impact of the Integration of the Central and Eastern European Countries on the European Union

Carmela Martin, Jaime Turrion

European Economy Group-UCM and FUNCAS

ABSTRACT

This paper analyses the determinants of trade patterns between the CEECs and the OECD countries since the latter began their processes of transition and opening-up within the framework of the Association Agreements with the EU, with the ultimate aim of helping to anticipate the trade impact of their accession to the EU. To this end, we estimate an empirical model for a set of countries formed by the EU states, the CEECs and -by way of a control area- the other members of the OECD. Thus, we obtain new evidence about the determinants of the trade shares of the countries analysed. In addition, by using the corresponding dummies, we confirm that the Association Agreements have led to a preferential expansion of the exchanges between the EU and CEECs. JEL Classifications: F15, F23, P20

Keywords: E