Abstract
The main objective of our paper is to estimate the impact of trade logistics performance costs on trade flows in goods among twenty-two European Union (EU) economies and among each of the selected eight new EU Member States and their twenty-one trade partners. Due to its robustness in explaining the variation of trade flows, the gravity model is used in our empirical analysis. In comparison to other current studies on the impact of trade costs on trade flows, the intra-EU trade in goods is observed in our specifications of the gravity equations. The decision to consider trade logistics performance indicators in our model is linked, first, with the assumption that despite the existence of Single Market, the trade logistics performance of the EU economies, especially of the new EU Member States, diminishes the gains from intra-EU trade in goods, and, second, with the possibility to carry out cross-country comparison of trade logistics performance. The intention of our research is to find answers to two questions: 1) how important is trade logistics performance for intra-EU trade in goods, and 2) are there any differences in the importance of trade logistics performance if we observe only the intra-EU trade in goods of the eight selected new EU Member States. Special attention is devoted to the analysis of Slovenian trade logistics performance and the necessary measures for the optimization of its intra-EU supply chain performance.
Published Version
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