ECONOMIC INTEGRATION AND EXPORT COMPLEXITY: THE CASE OF SLOVAKIA

• Authors: Gabrielczak Piotr , Serwach Tomasz
• Languages of publication: EN

Abstracts

EN

The goal of the article is to evaluate the impact of accession to the European Union (EU) on the complexity of goods in Slovak exports. The traditional theories of trade show that such an engagement in economic integration may lead to specialization in the production of either more or less sophisticated goods, depending on the country’s technological advancement and factor endowment. At the same time, increased FDI flows may stimulate the engagement of a country in international production chains with ambiguous effects on export complexity. Because it is impossible to a priori predict the effect economic integration may have on the complexity, it is reasonable to verify it empirically. The authors used the Synthetic Control Method (SCM) to compare the observed post-accession levels of exports complexity in Slovakia with the counterfactual values of that country remaining outside of the EU.

Keywords

EN

ECONOMIC INTEGRATION; EUROPEAN UNION; INTERNATIONAL TRADE; SYNTHETIC CONTROL METHOD; SLOVAKIA; EXPORT

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2019
• Volume: 67
• Issue: 2
• Pages: 115 – 134

Contributors

author

Gabrielczak Piotr

• University of Lodz, Faculty of Economics and Sociology, Department of Macroeconomics, 3/5 POW Street, 90-255 Lodz, Poland

author

Serwach Tomasz