Trade Specialization in the Enlarged European Union

  • Dora Borbély

Part of the Contributions to Economics book series (CE)

Table of contents

About this book

Introduction

Economic integration in general and Eastern enlargement of the European Union in particular created a wider European single market, thereby stimulating structural adjustment and economic specialization. This study analyzes trade specialization patterns in the enlarged European Union with a special focus on the new EU member states and the cohesion countries. From a sectoral trade point of view, empirical findings on revealed comparative advantage and a broader picture of competitiveness on the single market are presented. Furthermore, we analyze whether trade specialization patterns converge within the enlarged EU. Empirically identifying the determinants of successful trade specialization and taking into account the role of foreign direct investment, we offer new insights into the dynamics of trade, innovation and integration. Finally, policy options for the new EU member states are evaluated. Thus this work increases our understanding of the nature of international adjustment processes.

Keywords

Competitiveness Dynamic Panel Analysis EU Economic Development Enlarged European Union European Integration European Union Trade Spezialization

Authors and affiliations

  • Dora Borbély
    • 1
  1. 1.European Institute for International Economic Relations (EIIW)University of WuppertalWuppertalGermany

Bibliographic information

  • DOI https://doi.org/10.1007/3-7908-1705-8
  • Copyright Information Physica-Verlag Heidelberg 2006
  • Publisher Name Physica-Verlag HD
  • eBook Packages Business and Economics
  • Print ISBN 978-3-7908-1704-1
  • Online ISBN 978-3-7908-1705-8
  • Series Print ISSN 1431-1933
  • About this book