Is Czech Export still Biased towards the Eastern Markets?



Year of publication 2017
Type Article in Periodical
Magazine / Source Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
MU Faculty or unit

Faculty of Economics and Administration

Field Economy
Keywords Czech exports; COMECON; Russia; gravity model
Description There were special relationships among the COMECON members during the period of the centrally planning system. Czechoslovak trade was naturally biased towards these countries. The goal of this paper is to find out if there still exists any export bias towards the Russian or the exCOMECON markets. In our research approach we use gravity models. We revealed that taking into consideration GDP, geographical distance and institutions there is no bias towards the Russian or the CIS markets. But we discovered a bias towards the exCOMECON contemporary members of the EU.
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