Analyzing changes in international competitiveness position of Visegrad Group vis-a-vis EU-15 after the crisis 2007 as measured by RCA Index
Journal Title: Central European Review of Economics and Finance - Year 2016, Vol 13, Issue 3
Abstract
The aim of this paper is to find out whether financial crisis of 2007-8 has changed the Visegrad Group - V-4 competitiveness position vis-a-vis EU-15. As we know the countries of Central Eastern Europe forming the so called Visegrad group - namely Poland, The Czech republic, Slovakia and Hungary - being since 2004 a new UE members, have been hit by the financial crisis of 2007 to some extend just as well as the old EU or EU-15 member states. In this paper we would like to investigate and compare how strongly the financial crisis have impacted the two set of countries or the two groups of EU members - old and new, when measured by their respective macroeconomic performance indicators of competitiveness as well as by the RCA indicators of international competitiveness position and trends in it since that time. By the changes in competitiveness position on macro level we understand changes in "magic quadrangle" indicators such as: GDP growth changes, changes in inflation, in unemployment and changes in balances of current accounts. By the RCA positive changes or improvements we understand a growing number of goods or group of goods which contain a high innovative input measured in turn, by high R&D expenditures share in the final value of the exported goods.(original abstract)
Authors and Affiliations
Wojciech Bieńkowski, Oleksandra Stoykowa
Keywords
Related Articles
- EP ID EP214052
- DOI -
- Views 83
- Downloads 0
Selected theoretical aspects of the international integration of underdeveloped countries
The key theoretical problem related to integration of less developed countries is the possibility of legitimate application of the existing theoretical framework of international economic integration to developed as well...
Integration of Greek and Polish Equity Markets with the Euro Area Equity Market. Comparative Analysis
The aim of this article is to present the comparative analysis of integration of Greek and Polish equity markets with the Euro area equity market. The authors explain and analyze theoretical aspects and measures of inter...
Brexit: Benefits and Costs for the United Kingdom – Reflections for Observers in Europe Marian Żukowski
The withdrawal of the United Kingdom from the EU structures creates a new chapter in the history of the European integration. For the first time, after several decades of steady and secure functioning of the EU, a split...
Integration of the Financial Market EU after the Financial Crisis
The EU integration and the creation of the so-called European single financial market requires creation of institutional solutions corresponding to the integrated structure. At the moment, we are dealing with globalisati...
Economic Effects of Using 5 in + 1 H Tool in Limiting the Noise Sources in the Internal Transport
In the paper the problems identified during the review and evaluations of correctness of applying safety at work regulations, and the correctness of the production processes on the production hall in the internal transpo...