Free Network: Policy Brief Series
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.
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,
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The Authors 2017