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Trade Flows between Czech Republic and East Asia

100%
Tseng S.-M.
Review of Economic Perspectives
|
2013
|
vol. 13
|
issue 3
146-158
EN
Since 2005, Czech Republic has succeeded in transforming its economy through international trade surplus. However, Czech Republic’s trade deficits with East Asia are burgeoning, not only in China but also in other East Asian countries. This study provides an insight into Czech Republic’s import/export performance in East Asia during 1999-2011. In this study, the geographic concentration of trade, on a macro view, is adapted to highlight Czech Republic’s new regional market of East Asia in contrast with its trade expansion in the world. In consideration of the general development of world trade, the probability model of trade flows, on a micro view, is employed to investigate Czech Republic’s trade flows of East Asian countries. The result suggests that Czech Republic is bound to encounter continuing trade imbalance with East Asia. Nevertheless, Czech Republic’s trade geographic concentration in East Asia has the potential to relax.
2

Poland’s Trade with East Asia: An Outlier Approach

100%
Tseng S.-M.
Folia Oeconomica Stetinensia
|
2015
|
vol. 15
|
issue 2
81-100
EN
Poland achieved an excellent reputation for economic transformation during the recent global recession. The European debt crisis, however, quickly forced the reorientation of Poland’s trade outside of the European Union (EU), especially toward the dynamic region of East Asia. This study analyzes time series data from 1999 to 2013 to detect outliers in order to determine the bilateral trade paths between Poland and each East Asian country during the events of Poland’s accession to the EU in 2004, the global financial crisis from 2008 to 2009, and the European debt crisis from 2010 to 2013. From the Polish standpoint, the results showed significantly clustering outliers in the above periods and in the general trade paths from dependence through distancing and improvement to the chance of approaching East Asian partners. This study also shows that not only China but also several other countries present an excellent opportunity for boosting bilateral trade, especially with regard to Poland’s exports.
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