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Assessing the Impact of the Deep and Comprehensive Free Trade Areas on Foreign Trade: the EU-Georgia, EU-Moldova, and EU-Ukraine DCFTAs
Cai, Yaqi ; Paulus, Michal (advisor) ; Akdogan, Idil (referee) ; Svoboda, Karel (referee)
Assessing the Impact of Deep and Comprehensive Free Trade Areas on Foreign Trade: the EU-Georgia, EU-Moldova, and EU-Ukraine DCFTAs Abstract The Deep and Comprehensive Free Trade Areas (DCFTAs) are three free trade areas established between the EU and Georgia, Moldova, and Ukraine, respectively. This paper provides the estimates on the effects of the DCFTAs on foreign trade. Using gravity model on a sample of 178 countries during 2002-2019, we obtain the following results. First, the DCFTAs have significantly enhanced the trade between the EU and three countries, and also facilitated the exports of other countries to the EU and three countries, while the exports of the opposite direction have been restrained by the DCFTAs. Second, the positive influence of the DCFTA on the trade with the EU is significant for Ukraine, and not significant for Georgia and Moldova. Third, in terms of the Central European countries, the DCFTAs have promoted the trade with three countries for Hungary, Czech Republic and Slovakia, whereas the positive effect is not significant in cases of Austria, Germany, and Poland. For Slovenia, the impact is also insignificant but negative. Fourth, the full implementation of the DCFTAs has additional contribution to the trade between three countries and Hungary, Czech Republic and Slovakia....
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Assessing Economic Linkages between the EU and the Eastern Europe Neighbours
Moisei, Daniela ; Horváth, Roman (advisor) ; Komárek, Luboš (referee)
Charles University Faculty of Social Sciences Institute of Economic Studies MASTER'S THESIS Assessing Economic Linkages between the EU and the Eastern Europe Neighbours Author: Bc. DanielaMoisei Supervisor: Prof. Roman Horváth, Ph.D. Academic Year: 2017/2018 Abstract The proposed study analyses the economic linkages between five Central and Eastern European countries (Czech Republic, Romania, Moldova, Georgia and Ukraine) and the euro area, in the period 2006-2017, applying the block-restriction vector autoregression model. It allows evaluating the amplitude and persistence of the domestic vs. euro area shocks on four macroeconomic indicators: real GDP, short-term interest rate, CPI, and FX rate. The main findings emphasize that EU members are more economically synchronized with the euro area, responding to external factors in less than 10 months. Nevertheless, the Central Banks of the East European countries react extensively to the ECB monetary policy shocks, following broadly its short-term interest rate. Eastern Neighbourhood countries and Central EU members demonstrated tight connections with the euro area, in terms of international transmission of price shocks and economic activity synchronization. Thus, Czech Republic and Romania could be relevant models for the Eastern European countries, reaching...
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Deep and Comprehensive Free Trade Agreements (DCFTA) as a tool of EU trade policy
Žiga, Matúš ; Kučerová, Irah (advisor) ; Plechanovová, Běla (referee)
Presented master's thesis deals with comprehensive free trade agreements (CFTA) and deep and comprehensive free trade agreements (DCFTA) concluded or proposed by the European Union. Its objective is to identify necessary conditions for initiation of (D)CFTA negotiation, determine areas covered by (D)CFTAs and contemplate an effect of (D)CFTAs on EU's position. In the first part of master's thesis, theoretical framework needed for research is introduced. The concept of soft power as defined by Joseph Nye is presented. The inductive method is applied to scrutinize comprehensive free trade agreements between the EU and Canada, Colombia, Ukraine, Moldova, Georgia, and Tunisia, respectively. The research proved that the EU has never started DCFTA negotiation with an authoritarian regime. However, it is not a single condition for initiation of DCFTA negotiation, and four more conditions are defined. A broad scope of (D)CFTAs beyond tariff-related issues is demonstrated. DCFTA and CFTA differ about their relation to EU acquis. Approximation in selected areas is compulsory under DCFTA. Trough CFTAs, the EU was able to uphold EU and international standards and promote fundamental rights. Consequently, the EU's soft power has been enhanced thanks to (D)CFTAs.
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