Affiliation:
1. University of Novi Sad, Faculty of Economics in Subotica, Serbia
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.
Publisher
National Library of Serbia
Subject
General Economics, Econometrics and Finance
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