Bulgaria - EU: Dynamics of Approximation in Export Specialization

Hadjinikolov, Dimitar (2012): Bulgaria - EU: Dynamics of Approximation in Export Specialization. Published in: Economic Alternatives No. Issue 1, 2012 (March 2012): pp. 38-46.

Abstract

The article analyses the sectoral specialization of Bulgarian exports, making a comparison with the sectoral specialization of the EU as an entity and some of the new member states. It focuses on the question of whether Bulgaria's five years of EU membership contributed to the approximation of the export specialization or differences have remained. In case there is an approximation, is it an accidental or an objective process that is observed in the other new EU member states from Central and Eastern Europe that have a similar economic structure? The answer is sought by using the index of export specialization. This index is calculated on the basis of the product groups, selected by the author in compliance with the Standard International Trade Classification. Moreover, the aggregate sectoral index deviations are compared by countries. Based on the comparative analysis, conclusions are made about the current situation of Bulgaria's export specialization and about the factors that impact the approximation process of the export specialization of the EU member states.

• Item Type: MPRA Paper
• Language: English
• Keywords: export specialization, international trade, Bulgaria, European Union
• Subjects: F - International Economics > F1 - Trade > F13 - Trade Policy ; International Trade Organizations; F - International Economics > F1 - Trade > F15 - Economic Integration; F - International Economics > F1 - Trade > F17 - Trade Forecasting and Simulation; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance

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