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| 1 |
ID:
064859
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| 2 |
ID:
127050
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| Publication |
2013.
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| Summary/Abstract |
Central and Eastern European (CEE) countries are undergoing a transition from one socio-economic system to another. Individuals, communities and societies are in a state of continuous transformation necessitated by the globalization of markets and changes in basic traditional behavioral modes, primarily economic ones. The changes necessitated by systemic transition, on the one hand, and those determined by the logic of globalization (for CEE countries the process also means regional unification as they integrate into the European market), on the other, will hardly be agreeable and smooth.
In most CEE countries, the state still remains not only a most influential economic actor but, in fact, also the dominant and, in some cases, hegemonic one. The share of the gross domestic product redistributed through budgets of all levels is still high. Governments have large property and actively pursue their economic interests by establishing new laws.
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| 3 |
ID:
137536
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| Summary/Abstract |
We investigate the impact of the emergence of China as a global competitor on the trade performance of Central, Eastern and Southeastern European (CESEE) countries at the EU-15 market, i.e. the fifteen EU members as of 1995. The main aim of the paper is thus to challenge the common view that China crowds out exporters from European markets. The paper takes a comprehensive approach in terms of empirical methods and data. We analyze export growth, export market shares, extensive and intensive margins and the dynamics in the number of joint trade links (Dynamic Trade Link Analysis), applying highly disaggregated data at the 6-digit HS level over the period 1995–2010. We show that the most contested markets are those for capital goods and transport equipment, product categories where both regions have gained market shares and comparative advantage. We show that the number of trade links at the product level where both regions are active has increased substantially, indicating intensified competition. At the same time hardly any trade links were lost, which points against cut-throat competition between CESEE and China. The decomposition of export growth along the extensive versus the intensive margin shows that in line with the literature, the deepening of already existing trade relationships (i.e. the intensive margin) contributed most strongly to export growth in both regions, whereas the contribution of new trade links (i.e. the extensive margin) had only a minor contribution, apart from the instance of EU accession, which boosted the extensive margin considerably. We further decompose intensive margin growth into demand related structural effects and a supplier related competitiveness effect. Both the CESEE region and China successfully intensified their trade linkages above all as a result of their outstanding competitiveness as shown by the econometric shift-share analysis. While this suggests that both regions pursue a suitable export strategy, further diversification of production towards promising new industries and markets will become increasingly crucial for both, especially in face of projected slower EU-15 market growth in the longer run.
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| 4 |
ID:
013661
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| Publication |
1992.
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| Description |
107-114
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| 5 |
ID:
004535
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| Publication |
New York, Longman, 1993.
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| Description |
xvi,337p.
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| Standard Number |
0582060885
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 035299 | 337.142/WIS 035299 | Main | On Shelf | General | |
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| 6 |
ID:
121180
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