Jan Hagemejer presented our revised paper European integration and Central and Eastern Europe’s value-added exports. What does it say about Brexit? at the EcoMod2023 – International Conference on Economic Modeling and Data Science. In this paper, we revisit the topic of trade effects of European integration. We employ a structural gravity model to flows of domestic value added embedded in international trade from 1995 to 2014. Our model takes into account the current state of the art in the estimation of gravity models: PPML estimation and multi-dimensional fixed effects. We base our estimations on the WIOD dataset and provide aggregate and sectoral estimates. Our results show stable and robust estimates of EU integration on value-added trade. The advantage of our approach is the direct calculation of the trade impact on the GDP level. Based on these estimates we also provide quantitative insights into the effects of Brexit.
During the conference Jan Hagemejer was also chairing a session on Trade and Regional Integration.
The presented version of the paper is here.
The link to the conference programme is here.
Download the slides below.
