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The Analysis of Agricultural Products Export Competitiveness of the Republic of Serbia Based on the RCA Index

Author

Listed:
  • Cvetković Milica

    (University of Niš, Faculty of Economics, Republic of Serbia)

  • Petrović-Ranđelović Marija

    (University of Niš, Faculty of Economics, Republic of Serbia)

Abstract

Agriculture of the Republic of Serbia is a significant economic branch, due to the specifics of production, tradition and because of the enormous potential that it holds for improving competitive performance and development of the national economy. For this reason, in all strategic documents agriculture is recognised as a vital branch for the development of the national economy, which can be achieved by an increase in productivity and greater foreign exchange, especially with the neighbouring countries. Bearing in mind that agricultural food products represent a very important part of foreign trade of the Republic of Serbia with the countries of the Western Balkans, the goal of the research is to point out the comparative advantages of the Republic of Serbia in the exchange of agricultural and food products with the countries in the region, by applying the Balassa index. The realisation of the principal objective of the research was carried out using the methods of comparative advantage, historical method, trends method, methods of analysis and synthesis. The results of research show that the Republic of Serbia has distinct comparative advantages in relation to the countries in the Western Balkans, with the exception of the Republic of Croatia. The key contribution of this paper lies in providing a clearer insight into the comparative advantages of the Republic of Serbia in foreign trade with the countries in the region, as well as pointing out the priority directions of activities of competent authorities in order to intensify. the agricultural export, especially high quality and products at a higher level of processing.

Suggested Citation

  • Cvetković Milica & Petrović-Ranđelović Marija, 2017. "The Analysis of Agricultural Products Export Competitiveness of the Republic of Serbia Based on the RCA Index," Economic Themes, Sciendo, vol. 55(3), pages 399-420, September.
    • Handle: RePEc:vrs:ecothe:v:55:y:2017:i:3:p:399-420:n:6
    DOI: 10.1515/ethemes-2017-0022
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    References listed on IDEAS

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    More about this item

    Keywords

    comparative advantage; agriculture; RCA indicator; the Republic of Serbia; the Western Balkan countries;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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