Summary Fundamental changes in the global trade landscape in terms of considerably expanding trade volumes and rapidly advancing global fragmentation of production processes have opened up new opportunities for many economies. The ensuing analysis determines whether these new opportunities have...

Summary The Ukraine conflict is having serious consequences not only for Russia and Ukraine, but it also potentially threatens to damage the still frail economic recovery in Europe. In Ukraine, which is the main victim of the conflict, the economy may decline by up to 8% this year. In Russia,...

Abstract Trade in goods and services is likely to be an important channel for international knowledge diffusion. This paper considers the extent of R&D spillovers through intermediate inputs for a sample of up to 40 developed and developing countries. Results suggest that such spillovers are...

Abstract It is now widely accepted that when controlling for international differences in production techniques, the predictions from the Heckscher-Ohlin-Vanek (HOV) theorem are largely satisfied. However, a large amount of ‘missing trade’ remains. This paper makes two main contributions...

Abstract The increasing international fragmentation of production has triggered the development of a number of widely used indicators accounting for value added flows in the world economy. This paper generalises these measures by simultaneously considering the import side and focusing on...

Abstract The patterns of Central and East European countries’ (CEECs) development in the course of transition and following EU accession have been determined by these countries’ generally uncritical adoption of policies consistent first with the commandments of the Washington Consensus and...

Similar to other countries in the European periphery, Kosovo lacks competitiveness, has adopted the euro as its national currency and started an integration process with the EU. The next milestone in this process is the signing of an FTA with the EU. We simulate full trade liberalization vis...

South-Eastern European (SEE) countries have recently engaged in a regional integration process, through the establishment of free trade agreements between themselves and with the European Union (EU). This study evaluates the impact of this process on trade and firm performance. Three...

This paper seeks to give an overview of the major issues connected to international trade for the countries of Southeast Europe. In its first part the paper revisits the issues of bilateral trade patterns and trade composition in Southeast Europe and looks at recent developments in terms of...

This paper seeks to give an overview of the major issues connected to international trade for the countries of Southeast Europe. In its first part the paper revisits the issues of bilateral trade patterns and trade composition in Southeast Europe and looks at recent developments in terms of...