This paper estimates the cost of the disintegration of the former Council for Mutual Economic Assistance (CMEA). It asks whether the reorientation of trade flows towards Western markets has been large enough to compensate for the huge destruction of trade flows between former CMEA countries....

[fre] Le poids total des peco dans le commerce européen est aujourd'hui faible : il est inférieur à 1 % des PIB français et allemand. Mais dans certains secteurs, les ventes d'Europe de l'Est peuvent atteindre 10 à 20 % des importations totales. Si les mesures de libéralisation se...

This paper is meant to answer the question whether the CMEA countries trade flows have been able to catch up with their trade potential. The gravity equations estimated over a panel of fourteen years show that there is a room for an increase in trade, which could compensate for the huge regional...