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Comparative Advantages And Competitiveness: Evidence From Trade Of Bosnia And Herzegovina With Its Main Partners

Author

Listed:
  • Snjezana Brkic

    (University of Sarajevo)

Abstract

The paper analyzes revealed comparative advantages and international competitiveness of Bosnia and Herzegovina (BiH) in trade with its main partners between 2008 and 2017. By comparing results of two different concepts of success in trade, the paper aims to identify characteristics of BiH position in its most important bilateral trade relations. Several indicators of international specialization and competitiveness at macro and meso level are employed, such as Balassa index of revealed comparative advantage (RCA), trade balance and the difference between export and import price units. Research results indicate that position of BiH in bilateral trade should be improved: revealed comparative advantage exists only in trade with Serbia, import dominates in one-way flows, while trade categories representing unsuccessful price and quality competition of BiH industries prevail in two-way matched trade. The analysis discovered some structural shift in terms of increasing shares of categories with successful competition in trade with all trading partners. The test of consistency between RCA index and two-dimensional international competitiveness measures indicated more consistent results when comparing revealed comparative disadvantage to unsuccessful competition.

Suggested Citation

  • Snjezana Brkic, 2020. "Comparative Advantages And Competitiveness: Evidence From Trade Of Bosnia And Herzegovina With Its Main Partners," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 29(1), pages 137-155, june.
    • Handle: RePEc:avo:emipdu:v:29:y:2020:i:1:p:137-155
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    References listed on IDEAS

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    1. Run Yu & Junning Cai & PingSun Leung, 2009. "The normalized revealed comparative advantage index," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 43(1), pages 267-282, March.
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    More about this item

    Keywords

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    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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