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.

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/

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.

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