Fragmentation and parts and components trade in the Western Balkan countries
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Otros documentos de la autoría: Shimbov, Bojan; Alguacil, Maite; Suárez-Burguet, Celestino
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Título
Fragmentation and parts and components trade in the Western Balkan countriesFecha de publicación
2013Editor
Taylor & FrancisISSN
1463-1377Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
http://www.tandfonline.com/doi/full/10.1080/14631377.2013.813142#abstractVersión
info:eu-repo/semantics/submittedVersionPalabras clave / Materias
Resumen
As a consequence of the increasing globalization and integration of the world’s
markets, there has been an intensive process of international fragmentation of
the production over the last few decades. This phenomenon ... [+]
As a consequence of the increasing globalization and integration of the world’s
markets, there has been an intensive process of international fragmentation of
the production over the last few decades. This phenomenon whereby previously
integrated productive activities are segmented and internationally spread is
reflected in the rapid increase in parts and components trade, growing at higher
rates than final goods trade. In this process, the Western Balkan countries
(WBC) have not been an exception. With their recent integration into the global
markets, the WBC have witnessed growth in parts and components trade that
has even exceeded the world average. This paper examines the determinants of
the trade that stems from the international fragmentation of production in the
WBC. Using a panel data set of disaggregated bilateral trade flows, we estimate
gravity equations for the period 2000-2009. Our findings support the hypothesis
drawn from the theory of fragmentation that trade in parts and components is
motivated by labor cost differences and by geographical and proximity reasons.
The relevance of additional service link costs, as well as the influence of
institutional similarity and infrastructure quality or political-economic agreements
is also confirmed by our empirical research. [-]
Publicado en
Post-Communist Economies, vol. 25, n. 3, p. 371-391Derechos de acceso
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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