RAD U „EKONOMICKÝ ČASOPIS“
Matkovski B., Radovanov B., Zekić S. (2018). The Effects of Foreign Agri-food trade Liberalization in South East Europe. Ekonomický časopis. 66(9), 945-966.
Market liberalization in the countries of South East Europe (SEE), which wasa consequence of free trade agreements with the European Union (EU) and thecountries of the Central European Free Trade Agreement (CEFTA), led tochanges in foreign trade flows of these countries’ agri-food products. As agri-foodproducts are a significant part of total foreign trade in these countries, the objectiveof this paper is to analyze the liberalization effects established by CEFTAand EU integration. A gravity model for panel data was estimated for the agri–food sector of all SEE countries for the period 2005 – 2015, and databases fromUN Comtrade and the World Bank were used to create an empirical base for thisstudy. The results confirmed the importance of CEFTA integration, which madea significant contribution to imports and exports within this sector in most SEEcountries. Additionally, the results showed that the Stabilization and AssociationAgreement (SAA) with the EU had limited effects on the import and export ofagri-food products in SEE countries.