FDI have dramatically impacted trade patterns of Central Europe and mode of integrating into global markets. Thanks to FDI, CEEC-10 have moved from inter-industry trade, characteristic of their central planning era, to intra-industry or intra-product trade, as network trade is often referred to. FDI have helped close the initial gap between endowments in high skilled labor and export baskets dr...

The article investigates the revealed comparative export advantage, relative import specialization advantage, relative trade advantage, intra-industry trade and its quality types in agrofood trade of Croatia, Hungary and Slovenia with the European Union (EU) market. The empirical results confirmed bulk of agro-food and forestry products with revealed comparative export advantages on the EU mark...

This paper develops a simple multi-country model with imperfect labour markets to study the effect of labour market frictions – reflected in the compression of the gap in factor returns of capital versus labour – on bilateral trade flows. We use a framework that allows for goods trade and capital mobility and show that labour market imperfections exert opposite effects in the absence (the short...

In recent years, the trading contact between China and South Korea has become more and more close. In the 21st anniversary of the establishment of diplomatic relations between China and South Korea 2013, China has become South Korea’s largest export market and largest import market. At the same time, South Korea has become China’s fourth largest exporter and second largest importer of foreign t...