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Export Diversification in Lithuanian Traditional Technology Industry

In: Financial Environment and Business Development

Author

Listed:
  • Daiva Laskiene

    (Kaunas University of Technology)

  • Asta Saboniene

    (Kaunas University of Technology)

  • Irena Pekarskiene

    (Kaunas University of Technology)

  • Rozita Susniene

    (Kaunas University of Technology)

Abstract

This research study introduces the analysis of the export diversification in Lithuanian traditional technology industries by commodity groups and the geographical export markets. The actuality of research problem is based on the relation between degree of export diversification and fluctuations in export earnings and economic growth rates. The evaluation of export diversification lays the foundations to reveal the actual performance of low-tech industries and to explore their main export tendencies. The core aim of empirical study is to disclose which low-tech industry is most diversified, e.g., is best protected from possible external upheavals and ensures higher stability to the country’s economy. The methods of the scientific research used in empirical study are analysis of scientific literature and mathematic estimations and comparative analysis of export concentration indexes. The calculations of export concentration indexes (HHI) are performed using Lithuanian export-of-goods data, disaggregated to the Classification of Products by Activity (CPA). The results of empirical study demonstrate a moderate level of export concentration of Lithuanian low-tech sector according to both dimensions of geographical regions and commodity groups. In order to improve Lithuanian export competitiveness and to reduce losses of future demand fluctuations in the main export markets, the recommendations for export diversification enlarging are presented in this chapter.

Suggested Citation

  • Daiva Laskiene & Asta Saboniene & Irena Pekarskiene & Rozita Susniene, 2017. "Export Diversification in Lithuanian Traditional Technology Industry," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir & Ugur Can (ed.), Financial Environment and Business Development, pages 137-153, Springer.
  • Handle: RePEc:spr:eurchp:978-3-319-39919-5_12
    DOI: 10.1007/978-3-319-39919-5_12
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    Cited by:

    1. Falkowski Krzysztof, 2018. "Competitiveness of the Baltic States in International High-Technology Goods Trade," Comparative Economic Research, Sciendo, vol. 21(1), pages 25-43, March.

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