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Economic Specialization and Trade Imbalances in Central and Eastern Europe

Author

Listed:
  • Vladimir Anatol’evich PARKHIMENKO

    (Belarusian State University of Informatics and Radioelectronics, Minsk, Republic of Belarus)

  • Aleksei Aleksandrovich BYKOV

    (Belarusian State Economic University, Minsk, Republic of Belarus)

Abstract

The purpose of the article is to analyze the development strategies of Central and Eastern European countries in terms of their degree of participation in the international division of labour, foreign trade economic specialization and competitive advantages in the global economy. The research methodology is a modified methodology for decomposing a trade balance by contribution of economic activities and sectors of the economy on the basis of OECD interregional input-output tables. The analysis revealed that CEE countries resort to different development strategies: some seek to actively oppose deindustrialization, others adhere to a service strategy in their eff orts to increase exports of services.

Suggested Citation

  • Vladimir Anatol’evich PARKHIMENKO & Aleksei Aleksandrovich BYKOV, 2022. "Economic Specialization and Trade Imbalances in Central and Eastern Europe," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 12, pages 88-107, December.
    • Handle: RePEc:alq:rufejo:rfej_2022_12_88-107
    DOI: 10.24412/2072-8042-2022-12-88-107
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