International comparison of import and export efficiency of transport services Online publication date: Mon, 19-Sep-2016
by Marjan Sternad; Gorazd Justinek; Tina Cvahte
International Journal of Diplomacy and Economy (IJDIPE), Vol. 3, No. 1, 2016
Abstract: Services are a sector that is increasing in importance, especially in comparison to traditional production. Due to the unstoppable trends of globalisation and production activities relocating to countries with lower production costs, transport services are becoming increasingly important. Thus, the export and import of these services are analysed in this paper. The comparative strengths of selected countries based on their transport services transactions are calculated using indexes such as RCA and RCA 2. In this regard, Slovenia, a small and open economy, was selected as a base country. Import and export profiles for Slovenia in the field of transport in relation to ten other EU countries are presented, and comparative advantages of the selected countries are assessed. The main findings show that the largest EU economies do not achieve comparative advantages in the transport sector. As for Slovenia, it has achieved a comparative advantage as measured by the RCA index in comparison with the other ten EU countries.
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