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Determinants Of Trade In Value Added: The Case Of The Central And Eastern European Countries, Łukasz Ambroziak
Determinants Of Trade In Value Added: The Case Of The Central And Eastern European Countries, Łukasz Ambroziak
International Journal of Business and Technology
The aim of the paper is to investigate determinants of trade in value added of the CEECs (Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia) in the period 2000–2014. For this purpose, it uses a generalised gravity model based on panel data. The main independent variables (GDP of trading countries and the distance between them) have the same direction of impact on both value added exports/imports and gross exports/imports. Only the values of coefficients differ. The greatest difference concerns the geographical distance. It results from indirect value added trade.