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Title: Comparative Advantage and Likely Trade Pattern of the CEECs

Author(s): László Halpern

Publication Date: September 1994

Keyword(s): Central and Eastern Europe, Comparative Advantage and Foreign Direct Investment

Programme Area(s): International Trade and Regional Economics

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.

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Bibliographic Reference

Halpern, L. 1994. 'Comparative Advantage and Likely Trade Pattern of the CEECs'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1003