A Tale of Parallel Integration Processes: A Gravity Analysis of EU Trade with Mediterranean and Central and Eastern European Countries

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dc.contributor.author PASTORE, Francesco
dc.contributor.author FERRAGINA, Anna Maria
dc.contributor.author GIOVANNETTI, Giorgia
dc.date.accessioned 2010-02-18T12:01:16Z
dc.date.available 2010-02-18T12:01:16Z
dc.date.issued 2009
dc.identifier.citation Review of Middle East Economics and Finance, 2009, 5, 2, Article 2 en
dc.identifier.uri http://hdl.handle.net/1814/13338
dc.description.abstract Despite the EU emphasis on the 1995 Barcelona process, trade integration with the Mediterranean (MED) countries is still underdeveloped. To contrast the success of EU integration with MED countries and that with the new EU members, we compute the trade potential of these EU partners from 1995 to 2002 using an "out-of-sample" methodology. The coefficients are taken from different panel estimators of the gravity equation relative to intra-EU trade. Our analysis suggests the existence of sizeable, unexploited trade potential with both groups of partners, although the ratio of potential to actual trade with the MED countries is much larger (from 1.7 to 2.5 times), more dispersed and stable compared to that with the CEECs. en
dc.language.iso en en
dc.publisher Review of Middle East Economics and Finance en
dc.relation.uri http://www.bepress.com/rmeef/vol5/iss2/art2 en
dc.title A Tale of Parallel Integration Processes: A Gravity Analysis of EU Trade with Mediterranean and Central and Eastern European Countries en
dc.type Article en
dc.identifier.doi 10.2202/1475-3693.1228


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