In 2004, the EU launched the European Neighbourhood Policy (ENP), a unified policy framework towards its neighbours in the external EU periphery, aiming at strengthening prosperity, stability and security around its geopolitical borders. However, in-depth empirical analysis provides clear-cut evidence that, while the size and composition of trade flows between the EU and the ENCs may be growing, they are not favourable for the ENCs from the perspective of export diversification, in terms of either products or number of destinations. This condition increases their exposure to volatility in international markets. These results provide valuable insight into economic integration theory and for policymaking.

Economic integration and vulnerability in the EU neighbourhood

Pinna, A. M.
2015

Abstract

In 2004, the EU launched the European Neighbourhood Policy (ENP), a unified policy framework towards its neighbours in the external EU periphery, aiming at strengthening prosperity, stability and security around its geopolitical borders. However, in-depth empirical analysis provides clear-cut evidence that, while the size and composition of trade flows between the EU and the ENCs may be growing, they are not favourable for the ENCs from the perspective of export diversification, in terms of either products or number of destinations. This condition increases their exposure to volatility in international markets. These results provide valuable insight into economic integration theory and for policymaking.
EU; ENP; integration; trade; diversification; vulnerability
File in questo prodotto:
File Dimensione Formato  
Kallioras Pinna preliminary edit AP.pdf

accesso aperto

Tipologia: versione pre-print
Dimensione 280.3 kB
Formato Adobe PDF
280.3 kB Adobe PDF Visualizza/Apri
Economic Integration and Vulnerability in the EU Neighbourhood_postprint_desclaimer.pdf

accesso aperto

Tipologia: versione post-print
Dimensione 346.28 kB
Formato Adobe PDF
346.28 kB Adobe PDF Visualizza/Apri

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11584/121447
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 4
  • ???jsp.display-item.citation.isi??? 3
social impact