“Trade Reorientation and Restructuring towards Fast-growing Emerging Economies: Crisis Response of the EU Member States”, Yuhong Shang, Marjan Svetličič and Katja Zajc Kejžar (CIR, Slovenia)

The paper deals with the geographical reorientation and product restructuring of trade as a crisis-response strategy. The authors exploit the logic of constant market share analysis for decomposing the total change in export market shares into the contribution of the competitiveness effect and the structure effect in terms of  geographical and product specialisation and apply it to the case of 2008/2009 global financial crisis (GFC) in the ‘old’ and ‘new’ EU member states. 

The paper is freely available here.