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Title:
A comparative analysis of competitive trade in a cluster market of the European Union : the Revealed Comparative Advantage (RCA) Index
Authors:
ID
Adigwe, Edward O.
(
Author
)
Files:
http://www.ng-epf.si/index.php/ngoe/article/download/280/274
http://www.ng-epf.si/index.php/ngoe/article/download/280/274
Language:
English
Work type:
Scientific work
Typology:
1.01 - Original Scientific Article
Organization:
EPF - Faculty of Business and Economics
Abstract:
This research is concerned with the comparative analysis of competitive trade within the cluster market economies of the European Union. The aim of this paper is to carry out trade analysis within the competing countries in the European market from 2009 to 2018 which represents the period after the global crisis of 2008 and prior to the Covid-19 pandemic of 2019 for the purpose of determining the extent of competitive trade within the European economies. The chosen metric is Béla Balassa’s Revealed Comparative Advantage (RCA) index used for determining various countries’ comparative advantage or disadvantage in trade. The findings show that the countries with RCA > 1 thrive economically in comparison to other competing lower economies. And the fact that the European Union economy thrives on mechanized trade other than agricultural products irrespective of the competitive market. This study is a significant contribution towards improving the Ricardian model of comparative advantage on trade within a cluster market in the European economies.
Keywords:
competitiveness
,
revealed comparative advantage
,
international trade
Publication status:
Published
Publication version:
Version of Record
Publication date:
13.04.2022
Year of publishing:
2022
Number of pages:
str. 14-24
Numbering:
Vol. 68, no. 1
PID:
20.500.12556/DKUM-84539-cab3b827-f21d-1d2a-adf7-ea6ed5a311df
UDC:
339.56:339.13
ISSN on article:
0547-3101
COBISS.SI-ID:
127658755
DOI:
10.2478/ngoe-2022-0002
Publication date in DKUM:
19.06.2023
Views:
256
Downloads:
7
Metadata:
Categories:
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Record is a part of a journal
Title:
Naše gospodarstvo : revija za aktualna gospodarska vprašanja
Shortened title:
Naše gospod.
Publisher:
Ekonomsko-poslovna fakulteta, Društvo ekonomistov Maribor, Ekonomski center Maribor
ISSN:
0547-3101
COBISS.SI-ID:
751364
Licences
License:
CC BY 4.0, Creative Commons Attribution 4.0 International
Link:
http://creativecommons.org/licenses/by/4.0/
Description:
This is the standard Creative Commons license that gives others maximum freedom to do what they want with the work as long as they credit the author.
Secondary language
Language:
Slovenian
Title:
Primerjalna analiza konkurenčnega trgovanja na trgu Evropske unije : indeks razkritih primerjalnih prednosti (RCA)
Abstract:
Ta raziskava obravnava primerjalno analizo konkurenčne trgovine znotraj grozdov tržnih gospodarstev Evropske unije. Cilj tega članka je izvedba trgovinske analize znotraj konkurenčnih držav na evropskem trgu od leta 2009 do 2018. To je obdobje po svetovni krizi leta 2008 in pred pandemijo covida-19 leta 2019, namen analize pa je določiti obseg konkurenčne trgovine znotraj evropskih gospodarstev. Izbrana metrika je indeks razkritih primerjalnih prednosti (RCA) Béle Balasse, ki se uporablja za določanje primerjalne prednosti ali slabosti trgovanja različnih držav. Ugotovitve kažejo, da države z RCA > 1 v primerjavi z drugimi konkurenčnimi gospodarstvi na nižji ravni gospodarsko uspevajo. In dejstvo je, da gospodarstvo Evropske unije uspeva z mehaniziranim trgovanjem, ki ne zajema kmetijskih proizvodov, ne glede na konkurenčni trg. Študija je pomemben prispevek k izboljšanju Ricardovega modela primerjalnih prednosti na skupnem trgu evropskih gospodarstev.
Keywords:
konkurenčnost
,
razkrite primerjalne prednosti
,
mednarodna trgovina
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