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This paper tests a neo-Heckscher-Ohlin versus a neo-Ricardian framework for explaining vertical intra-industry trade. The study applies panel techniques with instrument variables to analyse trade between ‘old’ EU and 10 Central-East European countries in their post-transition period. Results show country-pair fixed effects to be of high relevance for explaining vertical intra-industry trade. Technology differences are positively, while differences in factor endowment, measured in GDP per capita, are negatively correlated with vertical intra-industry trade, and confirm the relevance of the neo-Ricardian approach. In addition, changing bilateral differences in personal income distribution during the transition of Central-East European countries towards a market economy contribute to changes in vertical intra-industry trade.

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Effect on Trade: Early Evidence from EMU . Economic Policy , 18 ( 37 ): 313 – 356 . Montanari , M. ( 2005 ): EU Trade with the Balkans, Large Room for Growth? Eastern

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://ec.europa.eu/taxation_customs/resources/documents/handbook_en.pdf (accessed on 21 st December 2009) EC (2009e): Bilateral Relations Statistics . http://ec.europa.eu/trade/creating-opportunities/bilateral-relations/statistics/ (accessed on 15 th November 2009) EC

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. European Commission ( 2018 ) < http://ec.europa.eu/trade/policy/in-focus/ceta/ > accessed 18 November 2018 . 17. Info Curia ( 2018 ) < http://curia.europa.eu/juris/liste.jsf?num=C-284

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EU-Außenwirtschafts- und Zollrecht 2012 Horváthy, B. (2014): Defending the EU Trade Interests — New Trade Enforcement

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. Lenk , H., ‘ An Investment Court System for the New Generation of EU Trade and Investment Agreements: A Discussion of the Free Trade Agreement with Vietnam and the Comprehensive Economic and Trade Agreement with Canada ’ ( 2016 ) 1

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Dimelis, S., and Gatsios, K. (1995): Trade with Central and Eastern Europe: The Case of Greece. In: Faini, R., and Portes, R. (eds): EU Trade with Eastern Europe: Adjustment and Opportunities. London: CEPR. Trade

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. ( 2007 ): Development of New Members’ EU Trade: Evidence from the Slovenian Agri-Food sector . Post-Communist Economies , 19 ( 2 ): 209 – 223 . Merkies , A. H. Q. M. – van der Meer

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competing EU trade partners? Colloque international Impact sur les pays sud-méditerranéens de l'élargissement de l'Union européenne aux pays d'Europe centrale et orientale, Tunis, 28-29 janvier. South Mediterranean

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The resurrection of field warehousing

— the booming Hungarian field warehousing sector, the incomplete English narrative and the unexplored field warehousing law of the United States —

Acta Juridica Hungarica
Author: Tibor Tajti (Thaythy)

2006 Emmott, R. (2013): EU Trade Chief Hopes to Clinch U.S. Trade Deal by Late 2014 , Reuters, available at 〈 http://uk.reuters.com/article/2013

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