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Intra-Industry Trade, Foreign Direct Investment and the Reorientation of East European Exports

Author

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  • Djankov, Simeon
  • Hoekman, Bernard

Abstract

In the first half of the 1990s many Central and East European countries (CEECs) experienced very high growth rates of exports to OECD nations. This paper investigates the contribution of sources of comparative advantage and economic restructuring on the pattern, composition and volume of trade. The importance of the redirection of traditional Council of Mutual Economic Assistance goods to OECD markets is found to be limited. A strong relationship is found to exist between export performance and growth in vertical intra-industry trade with the EU. The latter reflects the sourcing of inputs from EU firms, with associated transfers of technology and marketing-related services. Inflows of foreign direct investment are found to be highly correlated with the volume of intra-industry trade.

Suggested Citation

  • Djankov, Simeon & Hoekman, Bernard, 1996. "Intra-Industry Trade, Foreign Direct Investment and the Reorientation of East European Exports," CEPR Discussion Papers 1377, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:1377
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    More about this item

    Keywords

    Central and Eastern Europe; Economic Integration; Foregn Direct Investment; Intra-industry Trade;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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