Verification of the New Trade Theory in EU's Trade with CEECs: Evidence from Panel Data 1990-1997

Fidrmuc, Jarko (September 1999) Verification of the New Trade Theory in EU's Trade with CEECs: Evidence from Panel Data 1990-1997. IHS Economics Series 72

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Abstract or Table of Contents

Abstract: The new trade theory explains several features of the current development of EU's trade with CEECs better than the Heckscher-Ohlin model. In 1997, CEECs participated in the European economy with levels of intraindustry trade comparable to peripheral EU countries. However, this induced increased specialization in EU countries, which contrasts with the development in the previous decades. The development of intraindustry trade is positively related to the growth of wages and negatively to interest rates.;

Item Type: IHS Series
Keywords: 'Neue Außenhandelstheorie' 'Intraindustrieller Handel' 'Kernschätzer der Verteilung' 'Modell mit fixen Effekten' 'New trade theory' 'Intraindustry trade' 'Kernel estimates of distribution' 'Fixed effects model'
Classification Codes (e.g. JEL): F12, F14, F15
Status: Published
Date Deposited: 26 Sep 2014 10:37
Last Modified: 15 Apr 2016 03:05
URI: http://irihs.ihs.ac.at/id/eprint/1193

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