The Trade Effects of Albania's Trade Agreements with CEFTA Members

Since the Central European Free Trade Agreement (CEFTA) was signed in 2006, Albanian exports to CEFTA member countries have increased four-fold. Applying a trade growth decomposition methodology, we show that Albanian firms that did not export to CEFTA countries before the agreement account for a la...

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Bibliographic Details
Main Authors:	Choi, Jieun, Minondo, Asier
Format:	Journal Article
Published:	Taylor and Francis 2019
Subjects:	TRADE LIBERALIZATION CEFTA EXPORTS REGIONAL INTEGRATION FREE TRADE AREA
Online Access:	http://hdl.handle.net/10986/31793

id	okr-10986-31793
recordtype	oai_dc
spelling	okr-10986-317932021-05-25T10:54:39Z The Trade Effects of Albania's Trade Agreements with CEFTA Members Choi, Jieun Minondo, Asier TRADE LIBERALIZATION CEFTA EXPORTS REGIONAL INTEGRATION FREE TRADE AREA Since the Central European Free Trade Agreement (CEFTA) was signed in 2006, Albanian exports to CEFTA member countries have increased four-fold. Applying a trade growth decomposition methodology, we show that Albanian firms that did not export to CEFTA countries before the agreement account for a large share of this export growth. Exports also increased among goods that were the least traded before the agreement. Estimating a gravity equation, we find that the CEFTA increased Albanian exports between 34% and 144%, depending on how the previous bilateral agreements with CEFTA countries are accounted for. Additional regression analyses conclude that the CEFTA fostered exports through the reduction of tariffs. 2019-06-05T19:49:57Z 2019-06-05T19:49:57Z 2019-01-11 Journal Article Post-Communist Economies 1463-1377 http://hdl.handle.net/10986/31793 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Taylor and Francis Publications & Research :: Journal Article Publications & Research Europe and Central Asia Eastern Europe Albania
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	TRADE LIBERALIZATION CEFTA EXPORTS REGIONAL INTEGRATION FREE TRADE AREA
spellingShingle	TRADE LIBERALIZATION CEFTA EXPORTS REGIONAL INTEGRATION FREE TRADE AREA Choi, Jieun Minondo, Asier The Trade Effects of Albania's Trade Agreements with CEFTA Members
geographic_facet	Europe and Central Asia Eastern Europe Albania
description	Since the Central European Free Trade Agreement (CEFTA) was signed in 2006, Albanian exports to CEFTA member countries have increased four-fold. Applying a trade growth decomposition methodology, we show that Albanian firms that did not export to CEFTA countries before the agreement account for a large share of this export growth. Exports also increased among goods that were the least traded before the agreement. Estimating a gravity equation, we find that the CEFTA increased Albanian exports between 34% and 144%, depending on how the previous bilateral agreements with CEFTA countries are accounted for. Additional regression analyses conclude that the CEFTA fostered exports through the reduction of tariffs.
format	Journal Article
author	Choi, Jieun Minondo, Asier
author_facet	Choi, Jieun Minondo, Asier
author_sort	Choi, Jieun
title	The Trade Effects of Albania's Trade Agreements with CEFTA Members
title_short	The Trade Effects of Albania's Trade Agreements with CEFTA Members
title_full	The Trade Effects of Albania's Trade Agreements with CEFTA Members
title_fullStr	The Trade Effects of Albania's Trade Agreements with CEFTA Members
title_full_unstemmed	The Trade Effects of Albania's Trade Agreements with CEFTA Members
title_sort	trade effects of albania's trade agreements with cefta members
publisher	Taylor and Francis
publishDate	2019
url	http://hdl.handle.net/10986/31793
_version_	1764475082115121152

The Trade Effects of Albania's Trade Agreements with CEFTA Members

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