The orientation of Ukraine's trade
Journal of European Economy, Volume 6, Issue 4, December 2007, pp.402-411
|JEL: F14, F15||Full text (PDF)|
This article analyzes the geographical structure of Ukraine’s trade. A modified version of the Gravity Equation is used to measure the impact of the selected groups of countries. Ukraine’s trade appears to be very strongly connected with former Soviet Republics, while the OECD members seem to be underrepresented. Over the last years, the orientation towards former Soviet Republics has got stronger. However, the orientation at the OECD members has improved since 2003 as well. Institutional convergence towards the West, e.g. Ukraine’s accession to the WTO, could double the potential trade with the OECD countries. The potential trade with the former Soviet republics, in contrast, could decrease down to one tenth of the present value.
Nicholas Tsounis, Evangelos Siskos
Bilateral Heckscher-Ohlin theory and the pattern of Greece's trade with the other EU countries
Journal of European Economy, Volume 1, Issue 3, December 2002, pp. 297-312
|JEL: F11, F14||Full text (PDF)|
In this article the Heckscher–Ohlin (H–O) Theorem in its «factor content» version is found to be valid under the existence of non-factor price equalisation conditions in the bilateral trade between two countries, in a model with three countries and many commodities. Further, the H–O Theorem is examined in the trade between Greece and the European Union (EU) countries. It is found that the differences in the pattern of specialisation in the trade between Greece and each of the EU countries is explained by differences in the relative factor endowments. The tests suggest that the H–O Model is valid in the trade between Greece and the EU countries.
Heckscher–Ohlin Theorem, Greece, EU