{"title":"How CEFTA influenced the competitiveness of agri-food trade in the Western Balkans","authors":"Bojan Matkovski, D. Djokic, Luna Jovic","doi":"10.2298/eka2235037m","DOIUrl":null,"url":null,"abstract":"The regional integration with the CEFTA significantly influenced the liberalisation of the market, which led to an increase in exports of agri-food products in the Western Balkan economies. The main objective of this paper is to examine the impact of the CEFTA on the export of agrifood products of Western Balkan economies on the global and regional markets. In this context, comparative advantages have been analysed, and the gravity model based on panel data has been estimated. According to the results, all the Western Balkan economies have comparative advantages in exporting on the international market. Results of the gravity model estimation showed that free trade agreements with the CEFTA positively affected the intensification of agri-food product exports. Western Balkan economies have similar economic development and competitiveness levels. Thus, reintegrating the market established by CEFTA affected the export of agri-food products.","PeriodicalId":35023,"journal":{"name":"Economic Annals","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economic Annals","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2298/eka2235037m","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
引用次数: 0
Abstract
The regional integration with the CEFTA significantly influenced the liberalisation of the market, which led to an increase in exports of agri-food products in the Western Balkan economies. The main objective of this paper is to examine the impact of the CEFTA on the export of agrifood products of Western Balkan economies on the global and regional markets. In this context, comparative advantages have been analysed, and the gravity model based on panel data has been estimated. According to the results, all the Western Balkan economies have comparative advantages in exporting on the international market. Results of the gravity model estimation showed that free trade agreements with the CEFTA positively affected the intensification of agri-food product exports. Western Balkan economies have similar economic development and competitiveness levels. Thus, reintegrating the market established by CEFTA affected the export of agri-food products.
Economic AnnalsEconomics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
0.90
自引率
0.00%
发文量
6
审稿时长
18 weeks
期刊介绍：
Economic Annals is an academic journal that has been published on a quarterly basis since 1955, initially under its Serbian name of Ekonomski anali (EconLit). Since 2006 it has been published exclusively in English. It is published by the Faculty of Economics, University of Belgrade, Serbia. The journal publishes research in all areas of economics. The Editorial Board welcomes contributions that explore economic issues in a comparative perspective with a focus on transition and emerging economies in Europe and around the world. The journal encourages the submission of original unpublished works, not under consideration by other journals or publications. All submitted papers undergo a double blind refereeing process. Authors are expected to follow standard publication procedures [Instructions to Authors], to recognise the values of the international academic community and to respect the journal’s Policy.
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