CEU Electronic Theses and Dissertations, 2012
| Author | Ilic, Snezana |
|---|---|
| Title | Is there potential for trade growth? A gravity approach in the case of Serbia |
| Summary | Following the political change in 2000 Serbia has started to participate in the international markets flows, to liberalize its economy and to pursue the way toward the European integration. The main characteristic of the economy are chronic high fiscal and trade deficits threatening sustainable growth even more in the light of the financial crisis. The present research investigates potential for trade enlargement, in particular exports increase with the EU and CEFTA2006 members using a gravity approach. In order to develop the model with included fixed effects the panel data are used for the period 2004-2007. The results suggest that neighboring countries, with which Serbia has traditionally common economic, political and cultural ties, are particularly open for trade. Furthermore, the most open European countries are those geographically close in the Central and Eastern Europe. This study does not limit here but proposes policies for export diversification and a wider base of exportables with a higher value added. |
| Supervisor | Mátyás László |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2012/ilic_snezana.pdf |
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