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Abstract
In the paper dynamic gravity models are
estimated for the agricultural trade of six new EU
Member States (the Czech Republic, Latvia, Lithuania,
Romania, Slovakia, and Slovenia) with selected
countries and trade groupings between 1996 and 2005.
In general, we find low income elasticities and high price
elasticities of import demand for agricultural
commodities. The lagged values for trade were highly
significant. The accession to the EU increased the new
Member States’ exports, but had less impact on their
imports. The new Member States have gained
significantly from liberalized access to the EU agri-food
market.