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Trade Specialisation and Economic Convergence: Evidence from Two Eastern European CountriesGuglielmo Maria CaporaleLondon South Bank University; Brunel University - Brunel Business School; CESifo (Center for Economic Studies and Ifo Institute for Economic Research) Christophe RaultUniversity of Orleans; Université d'Évry - Centre D'Etudes des Politiques Economiques et de L'Emploi (EPEE); Université Paris I Panthéon-Sorbonne - Equipe Universitaire de Recherche en Economie Quantitative (EUREQUA); Institute for the Study of Labor (IZA); CESifo (Center for Economic Studies and Ifo Institute for Economic Research) Robert SovaAcademy of Economic Studies; Université Paris I Panthéon-Sorbonne - Centre Maison des Sciences Economiques Anamaria SovaBucharest Academy of Economic Studies; CES Sorbonne University April 2009 DIW Berlin Discussion Paper No. 875 Abstract: This paper analyses trade specialisation dynamics in two Eastern European countries (Romania and Bulgaria - EEC-2) vis-a-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.
Keywords: Gravity models, panel data models, trade specialisation, comparative advantage JEL Classification: F13, F15, C23 working papers seriesDate posted: July 9, 2009Suggested CitationContact Information
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