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European Union and Trade Flows: The Case of Lithuania

Businskyte, Eva LU (2023) EOSK12 20231
Department of Economic History
Abstract
This paper examines the impact of EU integration on Lithuania's direction of trade flows. Using a gravity model and bilateral trade data from 1995 to 2020, the study aims to understand changes in trade flows after joining the EU and provide practical implications for policymakers, businesses, and investors. The findings show that EU membership has positively influenced Lithuania's trade flows. The country experienced a realignment of trading partners and increased trade volumes after joining the union. However, this thesis also shows that the EU is not the only factor affecting trade. The core variables of the gravity model consisting of distance and GDP have a significant impact on determining the direction of trade flows. Other factors... (More)
This paper examines the impact of EU integration on Lithuania's direction of trade flows. Using a gravity model and bilateral trade data from 1995 to 2020, the study aims to understand changes in trade flows after joining the EU and provide practical implications for policymakers, businesses, and investors. The findings show that EU membership has positively influenced Lithuania's trade flows. The country experienced a realignment of trading partners and increased trade volumes after joining the union. However, this thesis also shows that the EU is not the only factor affecting trade. The core variables of the gravity model consisting of distance and GDP have a significant impact on determining the direction of trade flows. Other factors such as ties with former Soviet Union members also have a significant impact although this impact has diminished over time. (Less)
Please use this url to cite or link to this publication:
author
Businskyte, Eva LU
supervisor
organization
course
EOSK12 20231
year
type
M2 - Bachelor Degree
subject
keywords
trade, European Union, Lithuania, gravity model
language
English
id
9122076
date added to LUP
2023-06-21 09:47:23
date last changed
2023-06-21 09:47:23
@misc{9122076,
  abstract     = {{This paper examines the impact of EU integration on Lithuania's direction of trade flows. Using a gravity model and bilateral trade data from 1995 to 2020, the study aims to understand changes in trade flows after joining the EU and provide practical implications for policymakers, businesses, and investors. The findings show that EU membership has positively influenced Lithuania's trade flows. The country experienced a realignment of trading partners and increased trade volumes after joining the union. However, this thesis also shows that the EU is not the only factor affecting trade. The core variables of the gravity model consisting of distance and GDP have a significant impact on determining the direction of trade flows. Other factors such as ties with former Soviet Union members also have a significant impact although this impact has diminished over time.}},
  author       = {{Businskyte, Eva}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{European Union and Trade Flows: The Case of Lithuania}},
  year         = {{2023}},
}