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 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 Bulgaria's processed food industry: Transition to market economy

2021 ◽  
Vol 68 (1) ◽  
pp. 229-240
Author(s):  
Svetlana Ignjatijević ◽  
Antoaneta Vassileva ◽  
Jelena Vapa-Tankosić ◽  
Bojan Vapa ◽  
Kristijan Ristić ◽  
...  
Keyword(s):  
Foreign Trade ◽  
Comparative Advantage ◽  
Food Industry ◽  
Processed Food ◽  
Food Sector ◽  
Eu Accession ◽  
Export Strategy ◽  
Before And After ◽  
The Subject ◽  
The Eu

The subject of the research is the analysis of the competitiveness and comparative advantage of the agricultural products and processed food products of Bulgaria on the international market. The study covers the period from 1998 to 2017. In order to measure the level of comparative advantage of the export and the degree of specialization in international trade RCA and GL indices have been used. The aim of or research was to identify products that have previously before the EU accession had, and still have, export potential. That is, the objective was to point the trend of changes in the foreign trade of processed food sector in the period before and after the EU accession in 2007. The results indicate that after joining the EU Bulgaria has changed its foreign trade structure. The decrease of exports and increase of imports of processed food sector products requires a comprehensive export strategy in order to strengthen its competitiveness.

scholarly journals Export Competitiveness Analysis of Creative Industries in the European Union

2020 ◽  
Vol 17 (1) ◽  
pp. 28-37
Author(s):  
Deimantė Krisiukėnienė ◽  
Vaida Pilinkienė
Keyword(s):  
International Trade ◽  
Comparative Advantage ◽  
Theoretical Background ◽  
Creative Industries ◽  
Research Purpose ◽  
The European Union ◽  
Revealed Comparative Advantage ◽  
Data Set ◽  
Trade Competitiveness ◽  
The Eu

AbstractResearch purpose. The research purpose is to assess and compare the competitiveness of the EU creative industries’ export.Design/Methodology/Approach. The article is organised as follows: Section 1 presents a short theoretical conception of creative industries; Section 2 presents the theoretical background of trade competitiveness indices; Section 3 introduces the research data set, method and variables; Section 4 discusses the results of the revealed comparative advantage index analysis; and the final section presents the conclusions of the research. It should be noted that the research does not cover all possible factors underlying the differences in the external sector performance and thus may need to be complemented with country-specific analysis as warranted. Methods of the research include theoretical review and analysis, evaluation of comparative advantage indices and clustering.Findings. The analysis revealed that the EU countries may gain competitiveness because of the globalisation effects and the development of creative industries. The increase in the revealed comparative advantage (RCA) index during the period 2004–2017 shows rising EU international trade specialisation in creative industries. According to dynamic RCA index results, France, Poland, Slovakia, Slovenia and Spain has competitive advantage in creative industries sectors and could be specified as ‘rising stars’ according to dynamic of their export.Originality/Value/Practical implications. A creative industries analysis is becoming increasingly relevant in scientific research. Fast globalisation growth affects the processes in which closed economies together with their specific sectors are no longer competitive in the market because productivity of countries as well as particular economic sectors depends on international trade liberalisation, technology and innovation. Scientific literature, nevertheless, contains a gap in the area of international trade competitiveness research in creative industries sector.

scholarly journals Drivers of the duration of comparative advantage in the European Union’s agri-food exports

2018 ◽  
Vol 64 (No. 2) ◽  
pp. 51-60 ◽  
Author(s):  
Bojnec Stefan ◽  
Ferto Imre
Keyword(s):  
Comparative Advantage ◽  
Unobserved Heterogeneity ◽  
Descriptive Analysis ◽  
Global Market ◽  
The European Union ◽  
Time Duration ◽  
Probability Of Survival ◽  
Comparative Advantages ◽  
Level Of Economic Development ◽  
The Eu

The article investigates the duration of comparative advantage indices in the European Union (EU-27) agri-food exports using the normalised revealed comparative advantage index on the global market. There is employed both a descriptive analysis of the duration of comparative advantage, and examined the major drivers using discrete-time duration models with proper controls for unobserved heterogeneity. The robustness of the models is tested with alternative estimation procedures and sub-samples. Estimations show that the comparative advantages for most agri-food products survived for a certain number of years, but a high percentage of them have a shorter duration. Larger trade costs decrease the probability of survival in comparative advantages, while the level of economic development, the size of the country, the agri-food export diversification, and being a new EU member state increases it. Implications for the EU-27 member states and agri-food policies are suggested in the conclusion.

Identification of Comparative Advantages of Agricultural Products and Products of Processed Food Sector of Serbia

2017 ◽  
pp. 59-80
Keyword(s):  
Foreign Trade ◽  
Comparative Advantage ◽  
International Market ◽  
Agricultural Products ◽  
Transfer Of Knowledge ◽  
Processed Food ◽  
Food Sector ◽  
Developmental Problems ◽  
The Third ◽  
Comparative Advantages

In the third chapter, the authors were studying the competitiveness and comparative advantage of agricultural products and products of processed food sector of Serbia on international market. Readers will be familiar with the foreign trade exchange of agricultural products and products of processed food sector in the period 2005-2015. They will find out for which products the indices of comparative advantage of export have a positive value and will understand the connection with a surplus in foreign trade exchange of agricultural products and products of processed food sector. Readers will be informed on products that prevail in export, i.e. will perceive the export potential of Serbian food industry. They will see which sectors aren't sufficiently propulsive and need to provide an adequate support in the future. Readers will be familiar with developmental problems of agri-food sector of other countries and will understand the significance of transfer of knowledge and experience in the development of processed food sector of Serbia.

scholarly journals Revising Emission Responsibilities through Consumption-Based Accounting: A European and Post-Brexit Perspective

2019 ◽  
Vol 11 (2) ◽  
pp. 488 ◽  
Author(s):  
Paola Fezzigna ◽  
Simone Borghesi ◽  
Dario Caro
Keyword(s):  
International Trade ◽  
Co2 Emissions ◽  
Trade Flows ◽  
Environmental Implications ◽  
Traded Goods ◽  
The World ◽  
Trading Partners ◽  
The Uk ◽  
The Impact ◽  
The Eu

International trade shifts production of a large amount of carbon dioxide (CO2) emissions embodied in traded goods from the importing country to the exporting country. The European Union (EU) plays a prominent role in the flow of international-related emissions as it accounts for the second largest share of global exports and imports of goods. Consumption-based accountings (CBA) emerged as alternative to the traditional emission inventories based on the Intergovernmental Panel on Climate Change (IPCC) guidelines. According to the IPCC criteria, countries where products are consumed take no responsibility for the emissions produced by exporter countries, thus neglecting the emissions embodied in trade. By taking this aspect into account, CBA are considered of great importance in revealing emissions attributed to the final consumer. Using a CBA approach, this paper evaluates the impact of international trade in the EU in terms of CO2 emissions, looking both at the internal trade flows within the EU-28 and at the external trade flows between the EU and the rest of the world during the period 2012–2015. We find that the EU is a net importer of emissions as its emissions due to consumption exceed those due to production. In particular, in 2015 the ratio between import- and export-embodied emissions was more than 3:1 for the EU-28 that imported 1317 Mt CO2 from the rest of the world (mainly from China and Russia) while exporting only 424 Mt CO2. Concerning emissions flows among EU countries, Germany represents the largest importer, followed by the UK. To get a deeper understanding on possible environmental implications of Brexit on UK emission responsibilities, the paper also advances a few hypotheses on how trade flows could change based on the existing trade patterns of the UK. Data analysis shows that a 10% shift of UK imports from EU partners to its main non-EU trading partners (India, China, and US) would increase its emission responsibility by 5%. The increase in UK emission responsibility would more than double (+11%) in case of a 30% shift of UK imports. Similar results would apply if UK replaced its current EU partners with its main Commonwealth trading partners as a result of Brexit.

scholarly journals The Impact of Russia’s Import Embargo on the EU Countries’ Exports

Economies ◽  
2020 ◽  
Vol 8 (3) ◽  
pp. 62 ◽  
Author(s):  
Viktorija Skvarciany ◽  
Daiva Jurevičienė ◽  
Silvija Vidžiūnaitė
Keyword(s):  
International Trade ◽  
Economic Impact ◽  
Indirect Effects ◽  
Limited Data ◽  
Food Sector ◽  
Eu Countries ◽  
Political Events ◽  
Political Unrest ◽  
The Impact ◽  
The Eu

Political unrest inevitably has consequences for a national economy. International trade in a globalised world has great importance for countries. Unfortunately, due to various political events, countries apply some restrictions to each other. In 2014, Western countries imposed sanctions on trade with Russia, due to the annexation of Crimea. As a response, Russia announced an embargo on importing of some goods from European and North American countries, as well as Australia. The current study investigates the economic impact on EU countries due to the mentioned embargo. The EU countries were grouped according to the average for 1998–2018 exports of products to Russia using a cluster analysis. After the clustering, the gravity model was employed to develop the equations representing the international trade between each cluster and Russia. Although Russia declared an embargo on countries associated with the same group of goods, the economic impact on their economies was different. This study has a couple of limitations. The research reflects only the impact of the embargo on exports regardless of some possible indirect effects; the study assesses the export of all sectors due to limited data; and because the restrictions are applied only to the food sector, the research shows only relative changes in exports.

scholarly journals  Macedonian livestock, dairy and grain sectors and the EU accession impact

2013 ◽  
Vol 59 (No. 3) ◽  
pp. 125-133
Author(s):  
A. Kotevska ◽  
D. Dimitrievski ◽  
E. Erjavec
Keyword(s):  
Model Simulation ◽  
Positive Development ◽  
Complex Nature ◽  
Baseline Scenario ◽  
The European Union ◽  
Eu Accession ◽  
The Republic ◽  
Almost All ◽  
The Impact ◽  
The Eu

The Republic of Macedonia is in the process of integrating into the European Union (EU) and adjusting its policies through reforms in policy, regulations and institutions. This paper attempts to provide an answer to the question: what would be the impact on the Macedonian livestock, dairy and grain sectors of Macedonia integrating into the EU. In order to forecast the impact of the EU accession, the research uses the partial equilibrium model as a comprehensive tool for modelling the complex nature of the agricultural markets. The model simulation foresees the changes of the modelled sub-sectors in production, net-trade and income. The baseline scenario predicts a positive development for almost all selected commodities, with the exception of the beef sector, which is highly uncompetitive prior to the accession. Three EU accession scenarios foresee positive developments in the beef, lamb and cow’s milk markets, while a negative development is expected in the pig meat and grains markets.  

scholarly journals The competitiveness and comparative advantage of the Slovak and the EU agri-food trade with Russia and Ukraine

2009 ◽  
Vol 55 (No. 8) ◽  
pp. 375-383 ◽  
Author(s):  
A. Qineti ◽  
M. Rajcaniova ◽  
E. Matejkova
Keyword(s):  
Comparative Advantage ◽  
Significant Variation ◽  
Slovak Republic ◽  
Trade Patterns ◽  
Food Trade ◽  
Trade Specialization ◽  
Comparative Advantages ◽  
Over Time ◽  
Balassa Index ◽  
The Eu

The paper investigates comparative advantages and competitiveness of Slovak and the EU 27 agri-food trade in markets of two countries: Russia and Ukraine. Our aim is to see the dynamics of the agri-food trade for the analyzed countries especially in the post-accession period. Applying a trade dataset from the EUROSTAT and based on the approach applied by Bojnec and Fertő (2006), we describe the pattern of agri-food trade in Slovakia and the EU using the Balassa index. The extent of trade specialization exhibits a declining trend in the country. It has lost comparative advantage for a number of product groups over time. The indices of specialization have tended to converge. For the particular product groups, the indices display a greater variation. They are stable for the product groups with comparative disadvantage, but the product groups with strong comparative advantage show a significant variation. There are also shown different tendencies for different markets i.e. the trade patterns between the Slovak Republic and the EU 27 with Russia and Ukraine.

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