TITLE

Foreign Trade Patterns Between Estonia and the EU

AUTHOR(S)
Fainštein, Grigori; Netšunajev, Aleksei
PUB. DATE
August 2010
SOURCE
International Advances in Economic Research;Aug2010, Vol. 16 Issue 3, p311
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
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.
ACCESSION #
52799814

 

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