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|Title:||Trade specialisation, and economic convergence: Evidence from two eastern european countries|
|Keywords:||Gravity models;Panel data models;Trade specialisation;Comparative advantage|
|Citation:||Economics and Finance Working Paper, Brunel University, 08-30|
|Abstract:||This paper analyses trade specialisation dynamics in two Eastern European countries (Romania and Bulgaria – EEC-2) vis-à-vis the core EU member states (EU-15) over the period 1990-2006. Specifically, we focus on whether there is a shift towards intra-industry trade leading to economic convergence and technological catch-up. We use recently developed static (FEM, REM and FEVD) and dynamic (GMM) panel data methods which take into account possible heterogeneity. Our empirical results indicate that intra-industry trade has indeed increased, but it is of the vertical rather than the horizontal type, resulting in complementary rather than competitive production patterns.|
|Appears in Collections:||Economics and Finance|
Dept of Economics and Finance Research Papers
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