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Changes in the competitive advantages of Croatia’s manufacturing industry

Author

Listed:
  • Heri Bezic

    () (University of Rijeka, Faculty of Economics, Rijeka, Croatia)

  • Ljerka Cerovic

    (University of Rijeka, Faculty of Economics, Rijeka, Croatia)

  • Tomislav Galovic

    (University of Rijeka, Faculty of Economics, Rijeka, Croatia)

Abstract

The aim of this research is to analyse the position and detecte competitive advantages of Croatia’s manufacturing industry in foreign exchange trading. The methodology of this research is based on the application of indices of openness to foreign trade and detected competitive advantages, as well as the complete analysis of the manufacturing industry structure of the Republic of Croatia. In order to analyse the competitive advantages of the manufacturing industry in the Republic of Croatia the following quantitative methods were used: Revealed Comparative Advantage (RCA), as a method for detecting comparative advantages of exporting goods of some countries, Export Competitiveness Indices (XS), as a method for measuring export competitiveness of the observed countries, Export Specialization Index (ES), as a method for comparing export activities of the manufacturing industry in the Republic of Croatia and the European Union, and the Relative Trade Advantage Index (RTA) that incorporates the RCA and the RMA indices. The main results of the research indicate competitive advantages detected by measuring, evaluation of the Croatian manufacturing industry particularly on foreign markets, recommendations and proposals in order to reach a higher level of export competitiveness. The main conclusion of this research is that there is a need to establish prerequisites and to define measures for structural changes in the Croatian manufacturing industry.

Suggested Citation

  • Heri Bezic & Ljerka Cerovic & Tomislav Galovic, 2011. "Changes in the competitive advantages of Croatia’s manufacturing industry," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics, vol. 29(2), pages 465-487.
  • Handle: RePEc:rfe:zbefri:v:29:y:2011:i:2:p:465-487
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    References listed on IDEAS

    as
    1. Brad R. Humphreys & Jane E. Ruseski, 2007. "Participation In Physical Activity And Government Spending On Parks And Recreation," Contemporary Economic Policy, Western Economic Association International, vol. 25(4), pages 538-552, October.
    2. Andrew B. Bernard & Meghan R. Busse, 2004. "Who Wins the Olympic Games: Economic Resources and Medal Totals," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 413-417, February.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Manufacturing industry; comparative advantages; export competitiveness; foreign exchange trade;

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • F18 - International Economics - - Trade - - - Trade and Environment
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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