Assessing the Similarity of the Geographical Structure of Foreign Trade in the Countries of the European Union Cover Image

Podobieństwo struktury przestrzennej eksportu w krajach Unii Europejskiej
Assessing the Similarity of the Geographical Structure of Foreign Trade in the Countries of the European Union

Author(s): Marcin Salamaga
Subject(s): Economy, Supranational / Global Economy, Socio-Economic Research
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Krakowie
Keywords: index of stucture similarity; foreign trade; cluster analysis; Ward’s method

Summary/Abstract: This paper proposes a method that can be used to examine the similarity of foreign trade structure of EU countries. The purpose is to find relationships between the geographical structure of foreign trade and the countries’ economic potential. The index of similarity of structure, hierarchical cluster analysis and algorithm of vector elimination together enabled the grouping of countries that are most similar in terms of the foreign trade structure. The results show that countries with similar economic potential have a similar structure of foreign trade. The study used data from the Eurostat’s Comext database.

  • Issue Year: 972/2017
  • Issue No: 12
  • Page Range: 99-112
  • Page Count: 14
  • Language: Polish