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Trade in Central and Eastern European Countries Ten Years after Their EU Accession – Is There Convergence?

Author

Listed:
  • Martin Grančay

    (University of Economics in Bratislava, Faculty of International Relations)

  • Ērika Šumilo

    (University of Latvia, Faculty of Economics and Management)

  • Jolita Vveinhardt

    (Lithuanian Sports University)

Abstract

The paper focuses on the effects of EU’s Eastern Enlargement of 2004 on trade convergence within the EU and among the new member states from Central and Eastern Europe (CEE-8). Using sigma-convergence approach, it finds evidence of convergence of exports and imports per capita as well as of productivity levels associated with the member states’ export baskets. Convergence of territorial and commodity structures of trade has not occurred; conversely, divergence has been observed, leading to the possible conclusion that multinational companies have adjusted their production structure in facilities across the EU to achieve higher economies of scale. Correlation analysis shows that revealed comparative advantages of the old and new member states have come closer to each other. As an example, the paper also offers a brief comparison of trade development in two CEE-8 countries, Latvia and Slovakia, after their entry into the EU.

Suggested Citation

  • Martin Grančay & Ērika Šumilo & Jolita Vveinhardt, 2015. "Trade in Central and Eastern European Countries Ten Years after Their EU Accession – Is There Convergence?," Society and Economy, Akadémiai Kiadó, Hungary, vol. 37(4), pages 443-460, December.
    • Handle: RePEc:aka:soceco:v:37:y:2015:i:4:p:443-460
    Note: The majority of the research included in this paper was conducted during Martin Grančay’s research stay at the University of Latvia as a part of the Latvian Fellowship. The work was also supported by the Cultural and Educational Grant Agency of the Ministry of Education, Science, Research and Sport of the Slovak Republic, KEGA grant no. 017EU-4/2015.
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    Citations

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    Cited by:

    1. Martin Grančay & Tomáš Dudáš & Ladislav Mura, 2022. "Revealed comparative advantages in academic publishing of “old” and “new” European Union Member States 1998–2018," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(3), pages 1247-1271, March.
    2. Botrić Valerija & Broz Tanja, 2016. "Competitiveness, Trade with the EU and Labour Markets: Challenges for the Western Balkans," South East European Journal of Economics and Business, Sciendo, vol. 11(2), pages 20-32, December.
    3. Philip Haynes & Jonathan Haynes, 2016. "Convergence and Heterogeneity in Euro Based Economies: Stability and Dynamics," Economies, MDPI, vol. 4(3), pages 1-16, August.
    4. Adam Pochmara & Jan Jakub Michałek, 2023. "The impact of the accession to the EU on trade flows of the Visegrad countries. Analysis based on the synthetic control method," Working Papers 2023-21, Faculty of Economic Sciences, University of Warsaw.

    More about this item

    Keywords

    foreign trade; European integration; convergence; Eastern enlargement; EXPY;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

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