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Empirical Methods in International Trade Using for Evaluation in Export of Services in CEE Countries Based on Balassa Indeks

Authors: BENO, Michal;

Empirical Methods in International Trade Using for Evaluation in Export of Services in CEE Countries Based on Balassa Indeks

Abstract

Balassa Index is widely used in the research literature to measure country-sector called Revealed Comparative Advantage (RCA) to determine a country’s weak and strong sectors. In this paper we determine a country’s strong sector by analyzing the actual export flows in services of CEE countries. Our study includes 10 countries based on raw data from the International Trade Center for the period from 2012 till 2016. We provide a systematic analysis of the empirical distribution of the Balassa index. Using analysis, we consider which country in which sector of the service is Rival for chosen 10 countries. It is evident that foreign trade is important for all of them, albeit it to varying degrees. It might seem a logical way to restore economic strength. This paper presents a new approach to the export structure of services using the Balassa Index.

Country
Croatia
Keywords

services, CEE countries, HF5001-6182, comparative advantage, Business, Balassa index, export

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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