EU Market Access and Export Performance of Transition Countries

• Authors: Joze Damijan , Matija Rojec
• Languages of publication: EN

Abstracts

EN

A remarkable upgrading of export performance and a major re-orientation of foreign trade in favour of the EU-15 have been among the most outstanding features of the transition and EU integration processes of former socialist countries from Central, Eastern and South East Europe. This paper looks at the importance of (EU) market access for the upgrading of the export performance of these countries. Based on the empirical approach of Redding and Venables (2003, 2004), and Fugazza (2004), it was found that market access growth represents the main determinant of export growth for transition countries. Additionally, the importance of foreign market access growth for the export growth of transition countries is constantly increasing. Market access growth, in the case of both the NMS-8 (Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia) and most of the CC-3 (Bulgaria, Romania and Croatia) occurred predominantly within the EU-15. Better EU-15 market access can largely explain the better export performance of the NMS-8 in comparison to other transition countries.

Keywords

EN

Export performance; Transition countries; (EU) market access; Supply capacity

• Publisher: Sciendo
• Journal: South East European Journal of Economics and Business
• Year: 2007
• Volume: 2
• Issue: 2
• Pages: 31-42

Dates

published

2007-11-01

online

2008-03-04

Contributors

author

Joze Damijan

• Faculty of Economics, Institute of Economic Research, University of Ljubljana, Vienna University of Economics and Business Administration, Ljubljana

author

Matija Rojec

• Institute of Macroeconomic Analysis and Development, University of Ljubljana, Faculty of Social Sciences, Ljubljana

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Identifiers

DOI

10.2478/v10033-007-0003-3