Rault, Christophe; Caporale, Guglielmo Maria; Sova, Robert - William Davidson Institute, University of Michigan - 2009
This paper analyses trade specialisation dynamics in two Eastern European countries (Romania and Bulgaria - EEC-2) vis … intra-industry trade leading to economic convergence and technological catch-up. We use recently developed static (FEM, REM … indicate that intra-industry trade has indeed increased, but it is of the vertical rather than the horizontal type, resulting …