Foreign Trade Patterns Between Estonia and the EU (Report)
International Advances in Economic Research 2010, August, 16, 3
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Publisher Description
Abstract In this paper, we focus on the development of the foreign trade flows between Estonia and the EU. We observe rapid reorientation of the trade flows from the former Soviet Union towards Western markets because of economic reforms and foreign trade liberalization. Moreover, we determine the commodity groups with a comparative advantage in the EU market and analyze its dynamics. Further analysis of the intra-industry trade (ITT) shows that vertical IIT plays a dominant role in Estonian-EU IIT flows. Shares of total, vertical, and horizontal IIT have grown rapidly since 2004, the year of accession to the EU. Keywords Estonia * Comparative advantage * Vertical/horizontal intra-industry trade
GENRE
Business & Personal Finance
RELEASED
2010
1 August
LANGUAGE
EN
English
LENGTH
27
Pages
PUBLISHER
Atlantic Economic Society
SIZE
276.1
KB
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