International Trade Structure of Countries from the Danube Region: Comparative Advantage Analysis of Export
International Trade Structure of Countries from the Danube Region: Comparative Advantage Analysis of Export
Author(s): Maja Ćirić, Svetlana Ignjatijević, Marko CarićSubject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: international trade structure; export expansion; Danube region; Balassa index; Lafay index; intra-industrial exchange
Summary/Abstract: The subject of this paper is comparative advantage and specialization level analysis in international trade of primary and industrial products of countries from the Danube region. Export structures, together with comparative advantages and specialization level of countries from the Danube region have been dynamically observed. The research utilizes the Balassa (RCA) and Lafay (LFI) indexes of comparative advantage and Grubel-Lloyd’s index of intra-industrial exchange. This research has been found that the positive value of comparative advantage in the export of primary products is present in the cases of Romania and Bulgaria, and as regards the export of industrial products the same applies for: Austria, Germany, Hungary, Czech Republic, Slovakia, Slovenia and Ukraine.
Journal: Ekonomický časopis
- Issue Year: 61/2013
- Issue No: 03
- Page Range: 251-269
- Page Count: 19
- Language: English