Where the Baltic States Confirm and Extend Predictions of an Enlarged Viner-Model

We empirically assess trade creation and diversion effects experienced by Baltic countries (2001-2020). To this purpose, we rely on the Viner model and its modifications to account for the access to the EU and for the monetary integration effects of the EURO adoption. We follow a three-steps-procedu...

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Bibliographic Details
Published inJournal of East-West business Vol. 29; no. 2; pp. 165 - 197
Main Authors Sell, Friedrich L., Stiefl, Jürgen
Format Journal Article
LanguageEnglish
Published Binghamton Routledge 03.04.2023
Taylor & Francis LLC
Subjects
Access
Baltic States
Competition
Competitiveness
EU and EURO
Monetary unions
trade creation vs. diversion
Viner model
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Summary:We empirically assess trade creation and diversion effects experienced by Baltic countries (2001-2020). To this purpose, we rely on the Viner model and its modifications to account for the access to the EU and for the monetary integration effects of the EURO adoption. We follow a three-steps-procedure (macro balance view, trend breaking view, and competitiveness view) which enables us to make a guess about the validation of the (expanded) Viner model. We show how the access to the EU and the adoption of the EURO by the Baltic countries redistributes shares of the respective import market and, hence, of incomes.
ISSN:1066-9868
1528-6959
DOI:10.1080/10669868.2022.2163023