Trade Liberalisation and Export Performance of the Western Balkans

Klimczak, Łukasz

doi:10.14254/1800-5845.2016/12-1/3

Cited by 4 publications

(2 citation statements)

References 5 publications

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“…However, regarding the topic of our research, there are only a few papers questioning the reasons for CEFTA's deepening, or even its very existence. While many authors praise the achievements of CEFTA (Baranenko & Milivojevic, 2012;Dragutinovi c-Mitrovi c & Bjelic, 2015;Hoti, 2015;Klimczak, 2016), others believe that economic benefits are secondary and that the main goal of CEFTA is to prepare countries for EU integration. Admittedly, this position doesn't take into account agricultural trade among WB states (that are CEFTA members), which has expanded greatly since 2007 (Natos et al, 2014;Peshevski et al, 2013).…”

Section: Literature Reviewmentioning

confidence: 99%

Does it make sense to deepen the economic cooperation of the western balkan economies?

Nikolic¹

2020

Economic Research-Ekonomska Istraživanja

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The article discusses the structural changes in bilateral trade flows between Western Balkan (WB) countries in 2007-2018. The basic idea was to address whether there is a justification for the often proposed deepening of economic cooperation among WB states. After analysing the dynamics of mutual trade, we computed the value of intra-industry trade, whose potential decrease could indicate a divergence between observed trade structures. To detect a possible structural change in WB trade sectors, qualitative changes in those countries' exports were calculated through the tendencies of a share of products at higher levels of processing. After calculating the export concentration coefficients, all the results were compared with those achieved by these countries in trade with the EU and in total. The article argues that there is no solid reason to pursue policies for strengthening mutual economic ties particularly towards a customs union, especially given the more attractive prospect of EU integration.

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Section: Literature Reviewmentioning

confidence: 99%

Does it make sense to deepen the economic cooperation of the western balkan economies?

Nikolic¹

2020

Economic Research-Ekonomska Istraživanja

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“…For example, Horuckova & Lebiedzik (2015) assessed the fulfilment of the Copenhagen economic criteria by six Western Balkan countries over the years 2006-2013 and presented results comparable to the European Commission assessments. Klimczak (2016) concentrated on the export performance of six Western Balkan countries in the years 2001 -2014. He studied factors influencing the export performance of these countries concluding that the external demand played a crucial role, as well as additional supply-type variables such as GDP, GDP p.c.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

The International Economic Position of Western Balkan Countries in Light of their European Integration Ambitions

Kittová¹,

Steinhauser²

2018

JOC

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From the EU perspective, the Western Balkans region is considered to be an important sphere of interest with the prospect of stepwise EU accession. This is evidenced by establishing a specific accession process for these countries, including an option of granting the status of potential candidate. The progress, particularly concerning the economic preparedness and competitiveness of the Western Balkan countries, is uneven. This paper compares the readiness of particular Western Balkan countries for EU membership on the basis of accession progress assessment, as well as on the basis of international economic position assessment. Taking into account official progress reports published by the European Commission providing a comprehensive assessment of the EU membership criteria, we broaden the perspective of the economic progress assessment by employing the assessment of the international economic positions of the Western Balkan countries based on multifactor indicators. For this purpose, we developed our own composite index of international involvement. We then compared the assessment based on our own index with assessments based on both the Global Competitiveness Index and the Index of Economic Freedom. Based on our findings, the best international economic positions among the Western Balkan countries belong to the Former Yugoslav Republic of Macedonia (FYROM) and Montenegro. Therefore, it may be concluded that accession progress is accompanied by an adequate fit of these economies represented by their international economic position. Contrary to that, Serbia belongs among the worst assessed Western Balkan countries despite its advanced accession progress.

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Examining the Effects of Trade Liberalisation Using a Gravity Model Approach

Sertić,

Vučković,

Andabaka

2024

Economics

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The main objective of this article is to study the impact of trade liberalisation in Croatia as one of the first structural reforms being implemented, covering the period from 2000 to 2021. The panel data model was specified using a two-step system generalised method of moment estimator. The obtained results show that trade liberalisation measured through the specific indices encompassing a broader set of both tariff and non-tariff barriers, size of the trade sector, freedom of foreign exchange market, and capital controls positively impacted export performance. The results also showed a negative and statistically significant effect of remoteness on trade, confirming that geographical distance is an essential indicator of transportation costs. The coefficient for Schengen accession was positive and statistically significant, indicating that the Schengen agreement has boosted exports and that we can expect the same for Croatia, especially in the context of simultaneous accession to the Eurozone and the Schengen area on 1 January 2023.

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Trade Liberalisation and Export Performance of the Western Balkans

Cited by 4 publications

References 5 publications

Does it make sense to deepen the economic cooperation of the western balkan economies?

Does it make sense to deepen the economic cooperation of the western balkan economies?

The International Economic Position of Western Balkan Countries in Light of their European Integration Ambitions

Examining the Effects of Trade Liberalisation Using a Gravity Model Approach

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