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The rise of emerging economies in the EU15 trade

Author

Listed:
  • Guillaume Gaulier
  • Françoise Lemoine
  • Deniz Ünal

Abstract

The EU15 manufacturing trade with developing and emerging economies has now overtaken its trade with high-income countries. This trade has strengthened the European specialization in high-end products and medium-high technological sectors. The EU15 exports have been increasingly concentrated on its neighbours, while its imports from Asia were the most dynamic. The regional integration has favoured the technological and quality upgrading of the EU15 imports from its neighbours, while its imports from Asia were characterised by the surge of high-technology goods at low prices. The EU has increasingly concentrated its trade on the large emerging economies and especially on Russia and China

Suggested Citation

  • Guillaume Gaulier & Françoise Lemoine & Deniz Ünal, 2012. "The rise of emerging economies in the EU15 trade," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 9(1), pages 133-175, April.
    • Handle: RePEc:liu:liucej:v:9:y:2012:i:1:p:133-175
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    References listed on IDEAS

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    7. Guillaume Gaulier & Françoise Lemoine & Deniz Ünal, 2009. "EU15 Trade with Emerging Economies and Rentier States: Leveraging Geography," Working Papers 2009-25, CEPII research center.
    8. World Bank, 2009. "World Development Indicators 2009," World Bank Publications - Books, The World Bank Group, number 4367.
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    Citations

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    Cited by:

    1. Éltető, Andrea, 2014. "A visegrádi országok kereskedelme Ázsiával - a globális termelés lenyomata [The trade of the Visegrád countries with Asia - a manifestation of global production]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 586-608.
    2. Orszaghova, Lucia & Schudel, Willem & Dautović, Ernest, 2014. "Intra-industry trade between CESEE countries and the EU15," Working Paper Series 1719, European Central Bank.
    3. Sunandan Ghosh, 2019. "Enlargement Decisions of Regional Trading Blocs with Asymmetric Members," Working Papers id:12992, eSocialSciences.
    4. Andrea ÉLTETŐ & Katalin VÖLGYI, 2013. "Integrated in the global value chains - trade developments between Hungary and Asia," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4, pages 57-79, June.

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    More about this item

    Keywords

    Trade; developing and emerging economies; European Union; export prices; high-technology;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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