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Evaluation of Selected Aspects of the Business Environment of the Republic of Macedonia and Foreign Trade Relations with the Slovak Republic

Author

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  • Zorkóciová Otília

    (University of Economics in Bratislava, Faculty of Commerce, Department of International Trade, Dolnozemská cesta 1, 852 35 Bratislava)

  • Petríková Hana

    (University of Economics in Bratislava, Faculty of Commerce, Department of International Trade, Dolnozemská cesta 1, 852 35 Bratislava)

  • Škodová Lenka

    (University of Economics in Bratislava, Faculty of Commerce, Department of International Trade, Dolnozemská cesta 1, 852 35 Bratislava)

Abstract

The paper focuses on the assessment of the Macedonian business environment based on analysis and comparison of selected global indices and ranks of competitiveness and quality of the business regulation and on the evaluation of the foreign trade relations with the Slovak Republic based on the calculation of the Revealed Comparative Advantage (RCA) Index. The Macedonian market has the potential to develop foreign trade activities with Slovak business entities, on the other hand, it is also a problematic territory to a certaint extent, as the current development of Macedonia is marked by the tense internal political situation that has persisted since the elections in April 2014.

Suggested Citation

  • Zorkóciová Otília & Petríková Hana & Škodová Lenka, 2017. "Evaluation of Selected Aspects of the Business Environment of the Republic of Macedonia and Foreign Trade Relations with the Slovak Republic," Studia Commercialia Bratislavensia, Sciendo, vol. 10(37), pages 98-110, June.
    • Handle: RePEc:vrs:stcomb:v:10:y:2017:i:37:p:98-110:n:4
    DOI: 10.1515/stcb-2017-0009
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    References listed on IDEAS

    as
    1. World Bank, 2017. "World Development Indicators 2017," World Bank Publications - Books, The World Bank Group, number 26447, December.
    2. Thomas Vollrath, 1991. "A theoretical evaluation of alternative trade intensity measures of revealed comparative advantage," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 127(2), pages 265-280, June.
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    More about this item

    Keywords

    Republic of Macedonia; business environment; competitiveness indexes; business regulation indexes; revealed comparative advantage;
    All these keywords.

    JEL classification:

    • F18 - International Economics - - Trade - - - Trade and Environment
    • F20 - International Economics - - International Factor Movements and International Business - - - General

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