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Trade Flows in Southeast Europe

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  • Edward Christie

Abstract

This paper seeks to give an overview of the major issues connected to international trade for the countries of Southeast Europe. In its first part the paper revisits the issues of bilateral trade patterns and trade composition in Southeast Europe and looks at recent developments in terms of trade agreements and trade facilitation within the region and between the region and the European Union. The second part of the paper deals with the specific issue of trade in services. A gravity model for trade is estimated on European bilateral services trade flows. The estimation results are then used to produce forecasts for bilateral services trade flows for the countries of Southeast Europe.

Suggested Citation

  • Edward Christie, 2004. "Trade Flows in Southeast Europe," wiiw Balkan Observatory Working Papers 59, The Vienna Institute for International Economic Studies, wiiw.
    • Handle: RePEc:wii:bpaper:059
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    File URL: https://wiiw.ac.at/trade-flows-in-southeast-europe-dlp-3249.pdf
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    References listed on IDEAS

    as
    1. Fritz Breuss & Peter Egger, 1999. "How Reliable Are Estimations of East-West Trade Potentials Based on Cross-Section Gravity Analyses?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 26(2), pages 81-94, June.
    2. Shang-Jin Wei, 1996. "Intra-National versus International Trade: How Stubborn are Nations in Global Integration?," NBER Working Papers 5531, National Bureau of Economic Research, Inc.
    3. Paul Brenton & Francesca Di Mauro & Matthias Lücke, 2014. "Economic Integration and FDI: An Empirical Analysis off Foreign Investment in the EU and in Central and Eastern Europe," World Scientific Book Chapters, in: INTERNATIONAL TRADE, DISTRIBUTION AND DEVELOPMENT Empirical Studies of Trade Policies, chapter 7, pages 125-151, World Scientific Publishing Co. Pte. Ltd..
    4. Edward Christie & Vladimir Gligorov & Mario Holzner, 2004. "Infrastructural Needs & Economic Development in Southeastern Europe: The Case of Rail and Road Transport Infrastructure," wiiw Balkan Observatory Working Papers 60, The Vienna Institute for International Economic Studies, wiiw.
    5. Patrick Messerlin & Sébastien Miroudot, 2004. "Trade Liberalization in South East Europe: Review of Conformity of 23 FTAs with the MoU," Working Papers hal-00973098, HAL.
    6. Edward Christie, 2003. "Foreign Direct Investment in Southeast Europe," wiiw Working Papers 24, The Vienna Institute for International Economic Studies, wiiw.
    7. Vasily Astrov, 2001. "Structure of Trade in Manufactured Products Between Southeast European Countries and the European Union," wiiw Balkan Observatory Working Papers 14, The Vienna Institute for International Economic Studies, wiiw.
    8. Laszlo Matyas, 1997. "Proper Econometric Specification of the Gravity Model," The World Economy, Wiley Blackwell, vol. 20(3), pages 363-368, May.
    9. Radmila Dragutinovic Mitrovic & Milena Jovičić & Miroslav Zdravkovic, 2001. "Federal Republic Yugoslavia: Trade Potentials and Comparative Advantages," wiiw Balkan Observatory Working Papers 10, The Vienna Institute for International Economic Studies, wiiw.
    10. repec:hal:wpspec:info:hdl:2441/8306 is not listed on IDEAS
    11. Edward Christie, 2001. "Potential Trade in Southeast Europe: A Gravity Model Approach," wiiw Balkan Observatory Working Papers 11, The Vienna Institute for International Economic Studies, wiiw.
    12. repec:hal:spmain:info:hdl:2441/8306 is not listed on IDEAS
    13. Vladimir Gligorov & Josef Pöschl & Sandor Richter, 2004. "As East You Go, the More They Grow: Transition Economies in a New Setting," wiiw Research Reports 308, The Vienna Institute for International Economic Studies, wiiw.
    14. Edward Christie & Mario Holzner, 2004. "Household Tax Compliance and the Shadow Economy in Central and Southeastern Europe," wiiw Balkan Observatory Working Papers 38, The Vienna Institute for International Economic Studies, wiiw.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Marjan Petreski, 2013. "Southeastern European Trade Analysis: A Role for Endogenous CEFTA-2006?," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 49(5), pages 26-44, September.
    2. Katerina Tosevska-Trpcevska & Dragan Tevdovski, 2014. "Measuring the Effects of Customs and Administrative Procedures on Trade: Gravity Model for South-Eastern Europe," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 16(1), pages 109-127, April.
    3. Matthieu Bussière & Jarko Fidrmuc & Bernd Schnatz, 2005. "Trade Integration of Central and Eastern European Countries: Lessons from a Gravity Model," Working Papers 105, Oesterreichische Nationalbank (Austrian Central Bank).
    4. Katerina TOÅ EVSKA-TRPÄŒEVSKA & Dragan TEVDOVSKI, 2016. "Trade Facilitation Indicators And Their Potential Impact On Trade Between The Countries Of South-Eastern Europe," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 63(3), pages 347-362, November.

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    More about this item

    Keywords

    International trade; trade in services; gravity models; Southeast Europe;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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