Opening Up and Geographic Diversification of Trade in Transition Economies

February 1, 1998

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Oleh Havrylyshyn, and Hassan Al-Atrash. Opening Up and Geographic Diversification of Trade in Transition Economies, (USA: International Monetary Fund, 1998) accessed December 26, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper looks at the progress in transition and the geographic diversification of trade, focusing on two issues--the degree of trade openness and trade integration--for a sample of countries in transition. It concludes that about half of the group of countries sampled are becoming as open as similar market economies, but that many others remain relatively closed. Geographic diversification (to the European Union) is found to be greater the closer is geographic proximity and the more advanced the country is with reforms. The analysis is then extended, in an illustrative way, to show how much larger would be the share of exports to the EU if structural reforms were more ambitious.

Subject: Econometric analysis, Exchange rates, Exports, Foreign exchange, Gravity models, International trade, Real effective exchange rates, Trade balance

Keywords: BRO, BRO country, BRO reformer, Central Asia, East Asia, Europe, Exchange rates, Export, Export-import pattern, Exports, Gravity models, Market penetration, Middle East, Real effective exchange rates, Trade balance, Trade diversification, Trade openness, Transition country, Transition economies, Transition economy, Western Europe, WP

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1998/022
Stock No:

WPIEA0221998
ISBN:

9781451921267
ISSN:

1018-5941

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