A Comparative Analysis of Competitive Trade in a Cluster Market of the European Union: The Revealed Comparative Advantage (RCA) Index
نویسندگان
چکیده
Abstract This research is concerned with the comparative analysis of competitive trade within cluster market economies European Union. The aim this paper to carry out competing countries in from 2009 2018 which represents period after global crisis 2008 and prior Covid-19 pandemic 2019 for purpose determining extent economies. chosen metric Béla Balassa’s Revealed Comparative Advantage (RCA) index used various countries’ advantage or disadvantage trade. findings show that RCA > 1 thrive economically comparison other lower And fact Union economy thrives on mechanized than agricultural products irrespective market. study a significant contribution towards improving Ricardian model
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ژورنال
عنوان ژورنال: Naše Gospodarstvo
سال: 2022
ISSN: ['2385-8052', '0547-3101']
DOI: https://doi.org/10.2478/ngoe-2022-0002