DP1003 | Comparative Advantage and Likely Trade Pattern of the CEECs

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Publication Date

30/09/1994

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Abstract

The paper investigates the comparative advantage of Central and East European Countries (CEECs) through the analysis of commodity patterns of foreign trade. Due to rapid changes in production and trade structures the revealed comparative advantage may reflect both the old and the emerging capacities. Hence, outward processing trade, labour cost, human capital and foreign direct investment are also treated to assess the likely future trade pattern.