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Integrating the Neighbors: A Dynamic Panel Analysis of the EU-ENP Countries’ Trade Relations

Author

Listed:
  • Ageliki Anagnostou

    (Department of Economics, University of Thessaly.)

  • Dimitris Kallioras

    (Department of Planning and Regional Development, University of Thessaly. E-mails: dkallior@uth.gr or petrakos@uth.gr)

  • George Petrakos

    (Department of Planning and Regional Development, University of Thessaly. E-mails: dkallior@uth.gr or petrakos@uth.gr)

Abstract

The paper investigates the impact of trade relations among the European Union (EU) 7 and the European Neighborhood Policy countries, the ENPCs, on the economic performance of the latter. The analysis uses panel data for 14 ENPCs over the period 2000–2011 and recently developed panel cointegration techniques. The results of the analysis indicate that the effects of trade integration with the EU on ENPCs growth performance may depend on the development gap between trade partners. Deeper trade integration with the higher-income EU countries is found to have a negative impact on the growth performance of the ENPCs. In contrast, deeper trade integration with the middle- and lower-income EU countries is found to have a positive growth impact. The findings of the paper highlight the limits of integration among unequal partners, but also the need for a geographically more balanced pattern of trade relations that will improve growth prospects in the external and internal EU periphery.

Suggested Citation

  • Ageliki Anagnostou & Dimitris Kallioras & George Petrakos, 2016. "Integrating the Neighbors: A Dynamic Panel Analysis of the EU-ENP Countries’ Trade Relations," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 58(1), pages 17-42, March.
    • Handle: RePEc:pal:compes:v:58:y:2016:i:1:p:17-42
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    Citations

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    Cited by:

    1. Dimitris Kallioras & George Petrakos & Maria Tsiapa, 2021. "The Geography of Trade Among the European Union and the European Neighborhood Policy Countries," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 3-18.
    2. Attila Varga & Mete Basar Baypinar, 2016. "Economic impact assessment of alternative European Neighborhood Policy (ENP) options with the application of the GMR-Turkey model," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 56(1), pages 153-176, January.
    3. Riccardo Crescenzi & George Petrakos, 2016. "The European Union and its neighboring countries: The economic geography of trade, Foreign Direct Investment and development," Environment and Planning C, , vol. 34(4), pages 581-591, June.
    4. Mulatu Fekadu Zerihun & Marthinus C. Breitenbach, 2017. "Panel Data Analysis of the Proposed Monetary Union in the Southern African Development Community," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 67(4), pages 23-44, October-D.
    5. Daryoush Soleimani & Mansoor Maitah & Karel Malec & Sylvie Kobzev Kot skov, 2016. "Foreign Direct Investments and Gross Domestic Product Development in USA, European Union and China (1995-2014)," International Journal of Economics and Financial Issues, Econjournals, vol. 6(3), pages 978-984.

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