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http://bura.brunel.ac.uk/handle/2438/5129
Title: | Trade specialisation, and economic convergence: Evidence from two eastern european countries |
Authors: | Caporale, GM Rault, C Sova, R Sova, A |
Keywords: | Gravity models;Panel data models;Trade specialisation;Comparative advantage |
Issue Date: | 2008 |
Publisher: | Brunel University |
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. |
URI: | http://bura.brunel.ac.uk/handle/2438/5129 |
Appears in Collections: | Economics and Finance Dept of Economics and Finance Research Papers |
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