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

• Tác giả: Jieun Choi
• Ngôn ngữ: eng
• Ký hiệu phân loại: 709.49 Historical, geographic, persons treatment of fine and decorative arts
• Thông tin xuất bản: Taylor and Francis, 2019
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 291055
• Chủ đề: 1. CEFTA; 2. EXPORTS; 3. FREE TRADE AREA; 4. REGIONAL INTEGRATION; 5. TRADE LIBERALIZATION

Tóm tắt

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.