scholarly journals RUSSIA’S IMPACT ON THE COMPETITIVENESS OF OTHER EAEU MEMBER STATES WITH RESPECT TO TRADE IN HIGH-TECH GOODS

2018 ◽  
Vol 6 ◽  
pp. 100-106
Author(s):  
Krzysztof Falkowski
Keyword(s):  
International Trade ◽  
Foreign Trade ◽  
International Competitiveness ◽  
High Tech ◽  
Hypothetical Situation ◽  
Member States ◽  
Comparative Advantages ◽  
The Impact

The main objective of this article is to determine the influence of Russia (in terms of their exports to Russia) on the competitiveness of Armenia, Belarus, Kazakhstan and Kyrgyzstan in the international trade of high-tech goods in 2000-2016 in the context of the overall competitiveness of these countries in the international trade in this goods category. To this end, the author’s formula was used, which is a modification of the method of analysis of revealed comparative advantages in foreign trade of a given country developed by B. Balassa, while taking into account a hypothetical situation of total exclusion of exports to a country whose impact on the competitiveness of a given country is under examination. The analysis clearly shows that the influence of Russia (in terms of their exports to Russia) on the international competitiveness of Armenia, Belarus, Kazakhstan and Kyrgyzstan in the area of high-tech goods trade in 2000-2016 was generally positive, although it differed in terms of strength of the impact, with the strongest being the case of Belarus and the weakest being the case of Armenia. However, this did not change the overall uncompetitive position of the analysed EAEU countries in the total international trade of high-tech goods.

scholarly journals THE EU ACCESSION AND THE IMPACT ON ROMANIA’S FOREIGN TRADE AND COMPARATIVE ADVANTAGE

2013 ◽  
Author(s):  
Adrian Negrea
Keyword(s):  
International Trade ◽  
Foreign Trade ◽  
Comparative Advantage ◽  
Statistical Data ◽  
Harmful Effect ◽  
Eu Accession ◽  
Export Orientation ◽  
Comparative Advantages ◽  
The Impact ◽  
The Eu

Romania’s accession to the EU was a difficult task, but doable. However, the results of this accession are only now taking shape in the form of export orientation and competitiveness. This paper thoroughly analyses the aspects regarding Romania’s foreign trade, based on the classification used by Lall (2000), with the data provided by the National Institute of Statistics on the Combined Nomenclature XXII sections, covering the 1991 – 2012 period. Furthermore, the paper addresses the concept of comparative advantage based on the Lafay indicator of Romania’s foreign trade during 1991 - 2012. The indicator is calculated based on the statistical data offered by the National Institute of Statistics of the combined nomenclature with its XXII sections combined with Lall (2000) classification. The conclusions based on prior results try to assess whether the accession to the EU has had a beneficial or harmful effect on Romania’s international trade and its comparative advantages.

scholarly journals Improving the competitiveness of post-Soviet integrated national economies

2021 ◽  
pp. 71-81
Author(s):  
Valerii Leonidovich Abramov ◽  
Natalya Vladimirovna Lapenkova
Keyword(s):  
Regional Integration ◽  
International Competitiveness ◽  
Innovation Activity ◽  
Member States ◽  
Global Competitiveness ◽  
Goods And Services ◽  
Soviet Space ◽  
National Economies ◽  
The Impact ◽  
Post Soviet Space

The subject of this research is the international competitiveness of post-Soviet national economies, within the framework of a new integration association in the post-Soviet space – the Eurasian Economic Union (EAEU). In the context of studying the competitiveness of the member-states of international regional integration associations, the authors analyze and conditionally divide the scientific and theoretical reserve of Russian and foreign scholars into several key vectors of research. The article formulates the approaches towards assessing the impact of integration processes upon the competitiveness of national economies of the EAEU member-states. For the analysis of competitiveness of the participant countries in the integration alliance, the authors applied the methodology of the Global Competitiveness Index of the World Economic Forum. The competitiveness of participant countries of the alliance was examined in accordance with the eight main criteria: the effectiveness of state institutions, infrastructure, the level of macroeconomic stability, development of financial markets, effectiveness of goods and services market, effectiveness of the job market, development of human capital, and assessment of innovation activity. The conclusion is made that all the countries participating in post-Soviet integration association indicate positive dynamics in their international competitiveness, although its level differs considerably. The approach towards assessing the impact of integration upon the competitiveness is formulated. It is noted that the achievement of higher level of competitiveness is impeded by macroeconomic instability of the national economies of post-Soviet space. Recommendations are given in the formation of their competitive advantages within the framework of the integration union.

scholarly journals THE EXCHANGE RATE REGIME AND INTERNATIONAL TRADE: EVIDENCE FROM GHANA

2021 ◽  
pp. 1-8
Author(s):  
Adubofour Isaac
Keyword(s):  
International Trade ◽  
Exchange Rate ◽  
Foreign Trade ◽  
Electric Power ◽  
Time Series Data ◽  
Labour Force ◽  
Series Data ◽  
Inverse Association ◽  
The Impact ◽  
The Relationship

The degree of fluctuation of a country’s currency in relation to other currencies is an important factor in determining her foreign trade position. The study employed both theoretical and empirical approaches to examine Ghana’s real exchange rate and the impact on her foreign trade. A time series data, spanning from 1991 to 2019 was analyzed in an attempt to establish the relationship between exchange rate and economic growth. It is argued in the study that exchange rate has impact on a country’s export volumes. A verification on the relationship between labour force and international trade was also conducted. The study was also extended to examining the impact of a country’s access to stable electric power on export volumes. Findings of the study revealed a statistically significant and inverse association existing between exchange rate and international trade. The study also found that, wide electricity coverage has statistically significant and direct effect on foreign trade, resulting from an increased production capacity due to the availability of electric power. The study however found no suggestive evidence to support the claim that, labour force has impact on her foreign trade. A test on granger causality found no causal linkage between the variables. KEYWORDS: Exchange rate, international trade, labour force, exports.

scholarly journals Determinants of High-tech Export in CEE and CIS Countries

2021 ◽  
Vol 17 (2) ◽  
pp. 486-501
Author(s):  
Igor M. Drapkin ◽  
Anna A. Gainetdinova ◽  
Aksanat Zh. Panzabekova
Keyword(s):  
Foreign Trade ◽  
Transition Period ◽  
Positive Impact ◽  
Principal Component ◽  
Direct Foreign Investment ◽  
High Tech ◽  
Export Activity ◽  
Baltic Countries ◽  
Cis Countries ◽  
The Impact

Any government strives to stimulate export activity in high-tech sectors of its economy. Surprisingly, there are few empirical papers on the determinants of high-tech export to date. This study analyses the economies of Central and Eastern Europe (CEE) and the Commonwealth of Independent States (CIS) due to the differences they experienced in the transition period. To this end, we used the Balassa index, which is based on the concept of revealed comparative advantages. The research examines 73 groups of products from the automotive, chemical, mechanical engineering, electronics and electrical engineering industries in 27 countries from 1995 to 2018. Principal component analysis helped generate an indicator of comparative advantage of hightech industries for each country in each year. It is revealed that CEE countries, as well as the Baltic countries, have achieved significant success in the development of high-tech sectors of the economy, while the CIS countries have shown practically no progress in this direction. The article tests hypotheses on the impact of resources, foreign trade, macroeconomy and innovation on export activity in the country. The following factors stimulate the export growth in high-tech industries of the studied countries: level of wages and resource prices, openness of the economy to foreign trade; tax rate; unemployment rate; quality of human capital. We did not find empirical evidence of the positive impact of inflation, inflows of direct foreign investment, and the level of research and development (R&D) costs on the volume of high-tech export of the examined economies.

scholarly journals Exports diversification as a key point of Сhina’s trade strategy

2021 ◽  
pp. 96-105
Author(s):  
Natallia Shalupayeva
Keyword(s):  
Economic Development ◽  
Foreign Trade ◽  
Rapid Development ◽  
Economic Transformation ◽  
High Tech ◽  
National Bureau ◽  
Export Diversification ◽  
Economic Diversification ◽  
The World ◽  
The Impact

Nowadays, economic diversification remains a key challenge for most developing countries. The world trading system is developing from universal liberalization to increased protectionism which imposes additional difficulties in countries’ exports development and puts export diversification at the heart of a strategy for economic diversification. China's foreign trade is also in a critical period of rapid development and transformation at present. China is building a new pattern of integration into the world economic system, but its economic transformation is not smooth and faces problems. Taking into account China’s high reliance on exports, one of the most important threat to China’s economic development – the susceptibility to fluctuations in global economy – is largely due to a low level of Chinese exports diversification. In order to achieve a more sustainable long-term economic growth and hedge against the impact of external shocks China needs to diversify its exports markets, range of exported products and trade methods. Purpose. The purpose of the article is the research of practical aspects of exports diversification in China, identification of features and problems of China’s exports product and market diversification, diversification of trade methods and high-tech products exports diversification. Methodology. The methodological basis of the study is presented by the theories of foreign trade and industrial policy, as well as by the researches realized in the field of exports diversification. The information basis of the study are the databases of UNCTAD, WTO and National Bureau of Statistics of China. General scientific methods, systematic approach, economic-statistical methods are used in the research. Findings. An analysis of China’s exports diversification was realized in the article, including revealing of features and problems of China’s exports product and market diversification, diversification of trade methods and high-tech products exports diversification, as well as identification of some driving effects of China’s exports diversification on its economic development and substantiation of the significance to improve its export diversification strategy in order to reduce economic risks and promote the sustainable development of foreign trade.

scholarly journals INNOVATIVENESS OF BELARUSIAN ECONOMY THROUGH THE PRISM OF ITS COMPETITIVE POSITION IN INTERNATIONAL TRADE

2017 ◽  
Vol 5 ◽  
pp. 120-127 ◽  
Author(s):  
Krzysztof Falkowski
Keyword(s):  
International Trade ◽  
Foreign Trade ◽  
Innovation Policy ◽  
High Technology ◽  
Competitive Advantages ◽  
Depth Analysis ◽  
Comparative Advantages ◽  
Low Efficiency ◽  
Technological Intensity

The main purpose of this study is to answer the question of how innovative Belarusian economy is. Its innovativeness has been assessed through an in-depth analysis of Belarus’ position in international trade, especially in high- and medium-high-technology goods, on the back of the assumption that any competitive advantages possessed in them testify to the economy’s high innovativeness. The analysis of the dynamics of long-term revealed comparative advantages in Belarusian foreign trade by using Balassa’s RCA methodology and covering the years 2000-2014, has shown that the country was generally characterized by low innovativeness, as evidenced by the possession of such advantages only in trade in goods of relatively low technological intensity (medium-low technology). Meanwhile, in hi-tech goods (high and medium-high technology), Belarus did not have any (or only had relatively small) long-term revealed comparative advantages. Moreover, Belarus’ competitiveness in international trade deteriorated over that period, not only regarding high and medium-high technology goods but also in foreign trade overall. This seems to be, amongst others, the consequence of low efficiency of the country’s current innovation policy.

scholarly journals Improving the competitiveness of post-Soviet integrated national economies

2020 ◽  
pp. 71-81
Author(s):  
Valerii Leonidovich Abramov ◽  
Natalya Vladimirovna Lapenkova
Keyword(s):  
Regional Integration ◽  
International Competitiveness ◽  
Innovation Activity ◽  
Member States ◽  
Global Competitiveness ◽  
Goods And Services ◽  
Soviet Space ◽  
National Economies ◽  
The Impact ◽  
Post Soviet Space

The subject of this research is the international competitiveness of post-Soviet national economies, within the framework of a new integration association in the post-Soviet space – the Eurasian Economic Union (EAEU). In the context of studying the competitiveness of the member-states of international regional integration associations, the authors analyze and conditionally divide the scientific and theoretical reserve of Russian and foreign scholars into several key vectors of research. The article formulates the approaches towards assessing the impact of integration processes upon the competitiveness of national economies of the EAEU member-states. For the analysis of competitiveness of the participant countries in the integration alliance, the authors applied the methodology of the Global Competitiveness Index of the World Economic Forum. The competitiveness of participant countries of the alliance was examined in accordance with the eight main criteria: the effectiveness of state institutions, infrastructure, the level of macroeconomic stability, development of financial markets, effectiveness of goods and services market, effectiveness of the job market, development of human capital, and assessment of innovation activity. The conclusion is made that all the countries participating in post-Soviet integration association indicate positive dynamics in their international competitiveness, although its level differs considerably. The approach towards assessing the impact of integration upon the competitiveness is formulated. It is noted that the achievement of higher level of competitiveness is impeded by macroeconomic instability of the national economies of post-Soviet space. Recommendations are given in the formation of their competitive advantages within the framework of the integration union.

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