Competitiveness of the Baltic States in International High-Technology Goods Trade

Falkowski, Krzysztof

doi:10.2478/cer-2018-0002

Cited by 14 publications

(14 citation statements)

References 28 publications

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“…By using the logarithmic form of the above formula, we obtain positive or negative values of the index, which greatly facilitates their interpretation. We speak of the presence of a relative trade advantage for the goods category only when its share in total exports of a country is higher than the share of the goods category in total world exports, that is when the value of > 0 (Falkowski, 2018).…”

Section: Methodsmentioning

confidence: 99%

The importance of energy resources for Azerbaijan’s international competitiveness

Falkowski¹

2018

Journal of International Studies

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The aim of this paper is to present a detailed analysis of the international competitiveness of Azerbaijani economy and, based on it, to determine the importance of energy resources and their derivatives in shaping the competitive profile of its economy in international trade during 2000-2015. In order to assess the country's international trade competitiveness, two indicators have been applied, i.e., Balassa's Revealed Comparative Advantages (RCA) index and the Lafay Index (LFI) of international trade specialization. The analysis conducted clearly shows that Azerbaijan's overall international trade competitiveness is low, especially with respect to high and medium-high technology goods, while the only comparative advantages of its economy include exports of goods from the medium-low technology category, in which energy resources and their derivatives are classified. This proves the absolute key importance of these resources in the competitive profile of Azerbaijani economy, and to a large extent determines its resources-based character. This makes its further development strongly dependent on international markets for energy resources, thus increasing its susceptibility to external shocks.

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Section: Methodsmentioning

confidence: 99%

The importance of energy resources for Azerbaijan’s international competitiveness

Falkowski¹

2018

Journal of International Studies

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“…The logarithmic form of the formula ensures the symmetry of both positive and negative values of the RCA i indicators in the region around zero, which facilitates their interpretation (Falkowski, 2018;Vollrath, 1991). A revealed comparative advantage in trading in a particular commodity group is only present when the value of this indicator for the given group is greater than zero (RCA i > 0).…”

Section: Methodsmentioning

confidence: 99%

Trade interdependence between Russia vs. the European Union and China within the context of the competitiveness of the Russian economy

Falkowski

2018

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Research background: The position of a country in the international division of labour is determined by the competitiveness of its trade, the structure of which may both reveal and perpetuate the comparative advantages possessed. This is particularly true for Dutch disease economies such as Russia. Recently, economic literature has seen a growing interest in the topic of Russia’s economic relations with the European Union and China. This article is aimed at being the Author’s contribution to this discussion. Purposes of the article: (1) to discuss the existing trade interdependence between Russia and the EU28, and Russia and China; (2) to try to assess the extent to which the current structure of Russian trade with these two partners corresponds with the competitiveness of the Russian economy. Methods: An in-depth analysis of Russia-EU28 and Russia-China trade interdependencies in 2007-2015 has been conducted, with emphasis on the categories of goods within the spectrum from low- to high-technology, according to the OECD classification. Furthermore, in order to analyse Russia’s competitive profile with regard to the same categories of goods, Balassa’s methodology of revealed comparative advantages has been applied. Findings & Value added: In the recent years, a growing importance of China in Russian trade turnover can be observed, being the effect of dynamic growth of Chinese economy, cooling political relations between Moscow and Brussels and the drop in oil prices in international markets. The existing structure of Russian trade with the EU28 and China seems likely to preserve its traditional competitive advantages in the medium-low-technology goods and oil, which, in turn, will only further exacerbate the negative consequences of the so-called Dutch disease affecting the Russian economy.

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“…International competitiveness in high-technology goods is particularly essential for small and open economies, as it not only gives them the opportunity to improve their place in the international division of labour, and thus achieve faster economic growth, but it can also create a sufficient buffer against unpredictable external price shocks of labour and capital-intensive goods (Falkowski 2018;Buturac et al, 2019). Despite this fact, the trade theories are mainly focused on the effects of technology disparities (Grossman & Helpman, 1995) and not in their causes (Wolfmayr-Schnitzer, 1998).…”

Section: Research On Export Competitivenessmentioning

confidence: 99%

Competitiveness of high-tech exports in the EU countries

Braja¹

2020

Journal of International Studies

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The global economy is changing rapidly. In recent years we have witnessed radical changes in global exports, as well as in manufacturing sectors. The increasing role of innovative and disruptive technologies was one of the critical factors that stimulated these processes. Nowadays, knowledge-intensive and innovation-absorbing industries are perceived as primary drivers of economic growth and economy's competitiveness. On the other hand, developed and competitive economies can create a favorable environment for further adoption of the newest technologies and serve as reservoirs for the most promising technologies. Globalisation and internationalisation, as well as evolution of global trade relations, affect both businesses and economies. Also, observed technology spillovers and trade shifts have led to reformulation and redefinition of competitive advantages. This paper aims at evaluating export performance and competitiveness in high-tech sector across the EU. The authors have conducted this study using constant market shares analysis (CMS), a well-known method of export decomposition.

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Competitiveness of the Baltic States in International High-Technology Goods Trade

Cited by 14 publications

References 28 publications

The importance of energy resources for Azerbaijan’s international competitiveness

The importance of energy resources for Azerbaijan’s international competitiveness

Trade interdependence between Russia vs. the European Union and China within the context of the competitiveness of the Russian economy

Competitiveness of high-tech exports in the EU countries

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