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.
