IDEAS home Printed from https://ideas.repec.org/a/tuz/journl/v16y2018i1p59-70.html
   My bibliography  Save this article

Revealed Comparative Advantage In Trade Between The Republic Of Macedonia And Cefta 2006

Author

Listed:
  • Emilija Miteva-Kacarski

    (Goce Delcev University -Stip, Republic of Macedonia)

Abstract

The aim of this paper is to identify the sectors in which the Republic of Macedonia has a comparative advantage in export to the other member states of CEFTA 2006 (Central European Free Trade Agreement). The revealed comparative advantage of the Republic of Macedonia (RM) in relation to other CEFTA 2006 member states was calculated for the time period of 2006- 2014 by using the Standard International Trade Classification, Revision 4 (SITC, Revision 4). During the research, the following quantitative methods were used: The Index of Trade Openness (ITO), The Trade Balance Index (TBI), The Export Index of Revealed Comparative Advantage (Balassa’s RCA), The Export Index of Revealed Symmetric Comparative Advantage (RSCA) and The Index of Comparative Export Performance (CEP). The research results point to the fact that in the case of the Republic of Macedonia, a high index of trade openness was registered in comparison with other CEFTA 2006 member states. Furthermore, the Trade Balance Index shows that in the course of the analyzed time period, the Republic of Macedonia constantly appeared as a net exporter of products in the category of tobacco and beverages. The RCA and RSCA indices mark down positive values in the category of crude materials inedible (except fuels) and in the category of chemical products whereas the CEP index calculated for the category of tobacco and beverages shows a significant comparative advantage of the Republic of Macedonia over other CEFTA 2006 member states.

Suggested Citation

  • Emilija Miteva-Kacarski, 2018. "Revealed Comparative Advantage In Trade Between The Republic Of Macedonia And Cefta 2006," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 16(1), pages 59-70, May.
    • Handle: RePEc:tuz:journl:v:16:y:2018:i:1:p:59-70
    as

    Download full text from publisher

    File URL: http://ef.untz.ba/wp-content/uploads/2018/07/Ekonomska-revija-XVI-1-2018-Final-5-rad.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    revealed comparative advantage; the Republic of Macedonia; CEFTA 2006;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tuz:journl:v:16:y:2018:i:1:p:59-70. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Senad Celikovic (email available below). General contact details of provider: https://edirc.repec.org/data/efutzba.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.