Enlarged CEFTA : Economic Impact on Southeast European Countries

• Autorzy: Vinko Kandžija , Nela Vlahinić-Dizdarević
• Języki publikacji: EN

Abstrakty

EN

Current analysis has shown that replacement of the existing complicated network of as many as 31 bilateral trade agreements with a new single regional trade agreement will be advantageous to Southeast European countries. The most important difference between the old and new model of CEFTA refers to the inclusion of new liberalization areas in the new regional agreement so it should also include the harmonization of trade measures, such as sanitary and phytosanitary measures, liberalization and regulation of trade in services, competition policy, state assistance and subsidies, government procurement and protection of intellectual property rights. A notable advantage of this new regional agreement arises from the possibility of progressive enlargement of the pan-European system of diagonal cumulation of origin and establishment of a diagonal cumulation zone between the European Union and the Southeast European countries that will significantly stimulate regional trade. T his kind of trade linking model of Southeast European countries, often called "enlarged CEFTA", could result in positive static and dynamic benefits for each country individually and for the region as a whole. Estimation of benefits is based on the existing level of mutual (intraregional) trade and the growth potential of this trade which is most often based on gravity model results. Data show that intraregional trade recorded fast and constant growth after signing the Memorandum of Understanding in 2001, on average by almost 33% for the period from 2002 to 2004, especially in the countries of the former Yugoslavia, whose exports to the countries of the region grew faster than their exports to the rest of the world. However, the intraregional trade potentials are not too. (fragment of text)

Słowa kluczowe

EN

Economics; Trade; International exchange; International agreement

PL

Ekonomia; Handel; Wymiana międzynarodowa; Umowa międzynarodowa

• Czasopismo: Studia i Prace Kolegium Zarządzania i Finansów / Szkoła Główna Handlowa
• Rocznik: 2008
• Numer: z. 88
• Strony: 62--81

Twórcy

autor

Vinko Kandžija

• University of Rijeka, Croatia

autor

Nela Vlahinić-Dizdarević

• University of Rijeka, Croatia

Bibliografia

• Broadman et.al., Building Market Institutions in South Eastern Europe, The World Bank, Washington D.C., 2004.
• Damijan J., de Sousa J., Lamotte O., The Effect of Trade Liberalization in Southeastern European Countries, Report within the Global Development Network, WIIW , Vienna 2006.
• EBRD, Transition Report: Integration and Regional Cooperation, London 2003.
• EBRD, Transition report 2006: Finance in Transition, London 2006.
• Ezran R., Laird S., Intra industry trade of developing countries and some policy issues, Stockholm, Institute for International Economics, Paper, No. 289, 1984.
• Glejser H., Intra-industry trade and inter-industry trade specialisation: Trends and cycles in the EEC, in: P. K. M. Tharakan (ed.), Intra-industry trade, Amsterdam, North Holland 1983.
• Grubel H.G., Lloyd P.J., Intra-industry Trade - The Theory and Measurement of International Trade in Differentiated Products, London and Basingstore, The Macmillan Press Ltd., 1975.
• IC IC EG, SEE Monitor, No. 9, IC IC EG Ec - Corvinus International Investment Ltd., 2006
• Kaminski B., de la Rocha M., Stabilization and Association Process in the Balkans - Integration Options and their Assessment, Policy Research Working Paper No. 3108, World Bank, August 2003.
• Kandogan Y., Intra-Industry Trade of Transition Countries: Trends and Determinants, The William Davidson Institute, Michigan 2003.
• Kennes W., Small Developing Countries and Global Markets, Macmillan Press, London 2000
• Puga D., Venables N.J., Trading Arrangements and Industrial Development, "The World Bank Economic Review", Vol. 12, No. 2, 1998.
• Salvatore D., International Economics, John Wiley & Sons, New York 2001
• Schiff M., Regional Integration and Development in Small States, Development Research Group, The World Bank, 2002.
• Schiff M., Winters L. A., Dynamics and Politics in Regional Integration Arrangements: An Introduction, "The World Bank Economic Review", Vol. 12, No. 2, May 1998
• Škuflić L., Vlahinić-Dizdarević N., Koliko je hrvatska robna razmjena intra-industrijska? (How much is the Croatian exchange of goods intraindustrial?), Ekonomski pregled br. (Economic review no.) 7-8, 2004
• Tschäni H., Wiedmer L., Non-Tariff Barriers to Trade in the Core Countries of the Stability Pact for South Eastern Europe, Geneva, October 2001
• Vamvakidis A., Regional Integration and Economic Growth, "The World Bank Economic Review", Vol. 12, No. 12, 1998
• Venables N. J., Regional Integration Agreements: a force for convergence or divergence?, Annual Bank Conference on Development Economics, Paris, June 1999.
• Vlahinić-Dizdarević N., Makroekonomska pozicija Hrvatske na jugoistoku Europe: (Macroeconomic position of Croatia in Southeast Europe: Trgovinski, investicijski i razvojni učinci, Ekonomski fakultet Rijeka, Rijeka (Trade, investment and development impacts, Faculty of Economics, Rijeka), 2006.
• Winters L. A., Regionalism for developing countries: Assessing the costs and benefits, in: S. Lahiri (ed.), Regionalism and Globalization, Theory and Practice, Routledge, London 2001.
• www.stabilitypact.org/trade/