Determinants of trade in value added: the case of the Central and Eastern European Countries

Łukasz Ambroziak
2017 International Journal of Business & Technology  
The aim of the paper is to investigate determinants of trade in value added of the CEECs (Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia) in the period 2000–2014. For this purpose, it uses a generalised gravity model based on panel data. The main independent variables (GDP of trading countries and the distance between them) have the same direction of impact on both value added exports/imports and gross exports/imports. Only the values
more » ... coefficients differ. The greatest difference concerns the geographical distance. It results from indirect value added trade.
doi:10.33107/ijbte.2017.6.1.10 fatcat:xyw75tb4uvdzrhkfgdbabs6yje