Document Type
Article
Publication Date
5-22-2017
Publication Title
Free Network: Policy Brief Series
Pages
1-5
Abstract
We analyze the role of the new goods margin—those goods that initially account for very small volumes of trade—in the Baltic states’ trade growth during the 1995-2008 period. We find that, on average, the basket of goods that in 1995 accounted for 10% of total Baltic exports and imports to their main trade partners, represented nearly 50% and 25% of total exports and imports in 2008, respectively. Moreover, we find that the share of Baltic new-goods exports outpaced that of other transition economies of Central and Eastern Europe. As the International Trade literature has recently shown, these increases in newly-traded goods could in turn have significant implications in terms of welfare and productivity gains within the Baltic economies.
Recommended Citation
Diaz, Julian P. and Cho, Sang-Wook (Stanley). "New Goods" Trade in the Baltics. Free Network: Policy Brief Series, , : 1-5, 2017. Retrieved from Loyola eCommons, School of Business: Faculty Publications and Other Works,
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.
Copyright Statement
The Authors 2017
Comments
Author Posting. The Authors 2017. This article is posted here for personal use, not for redistribution. The article was published in the Free Network: Policy Brief Series, 2017, http://freepolicybriefs.org/2017/05/22/new-goods-trade-baltics/