Revealed comparative advantages and trade balance indicators of trade structure of V4 countries
by Renáta Pitoňáková
International Journal of Trade and Global Markets (IJTGM), Vol. 17, No. 1, 2023

Abstract: The paper aims to inspect trade structure and changes in comparative advantages of the Czech Republic, Hungary, Poland, and Slovakia on the intra-EU28 market for the period 2009-2019. The categorisation of the products corresponds to the Statistical classification of products by activity (CPA). This paper exploits the modified index of revealed comparative advantages-the revealed symmetric comparative advantages (RSCA) and the trade balance index (TBI). Econometric models using the RSCA were applied for testing stability and specialisation trends of a country's trade. The results show that the Czech Republic and Hungary had the biggest changes in comparative advantages in 2009-2011, Poland and Slovakia in 2011-2015. The findings indicate space for increasing export performance and specialisation of these V4 countries on the intra-EU market in the short and long-run.

Online publication date: Wed, 05-Apr-2023

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