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Is Czech Export still Biased towards the Eastern Markets?

Author

Listed:
  • Lucie Coufalová

    (Faculty of Economics and Administration, Masaryk University, Lipová 41a, 602 00 Brno, Czech Republic)

  • Libor Žídek

    (Faculty of Economics and Administration, Masaryk University, Lipová 41a, 602 00 Brno, Czech Republic)

Abstract

There were special relationships among the COMECON members during the period of the centrally planning system. Czechoslovak trade/export was naturally biased towards these countries. The goal of this paper is to find out if there still exists any export bias towards the Russian or the ex-COMECON markets. In our research approach we use gravity models. We revealed that taking into consideration growth in GDP, geographical distance and institutions there is no bias towards the Russian or the CIS markets. But we discovered a bias towards the ex-COMECON contemporary members of the EU.

Suggested Citation

  • Lucie Coufalová & Libor Žídek, 2017. "Is Czech Export still Biased towards the Eastern Markets?," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 65(4), pages 1339-1347.
    • Handle: RePEc:mup:actaun:actaun_2017065041339
    DOI: 10.11118/actaun201765041339
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    References listed on IDEAS

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