Long-Term Comparative Advantages of the Eurasian Economic Union Member States in International Trade
Journal Title: International Journal of Management and Economics - Year 2017, Vol 53, Issue 4
Abstract
On 1st January 2015 the Eurasian Economic Union (EAEU) - a new integration block comprising initially Belarus, Kazakhstan, and Russia, and later that year also Armenia and Kyrgyzstan - appeared on the world map. This paper endeavors to identify the EAEU countries’ long-term international comparative advantages within four basic groups of goods according to the OECD classification of manufacturing industries based on technology intensity. The analysis, using B. Balassa’s RCA methodology and covering the years 2000-2014, indicates that these countries lack competitiveness, with none of them possessing any RCAs in the high-technology category whereas in the medium-hightechnology category - only Belarus. In contrast, all the EAEU countries fared the best in the medium-low-technology category, which is mostly attributable to the resources-based character of their economies. Surprisingly, dramatically low international competitiveness was recorded by Kazakhstan and Russia.
Authors and Affiliations
Krzysztof Falkowski
Keywords
Related Articles
- EP ID EP302962
- DOI 10.1515/ijme-2017-0024
- Views 75
- Downloads 0
Asymmetric Shocks in the Euro Area: Convergence or Divergence?
The degree of structural divergence in the Euro Area is examined on the basis of the frequency and distribution of observed asymmetric shocks over the period 1996–2015. An asymmetric shock is defined as an opposite sign...
The Impact of Hard Brexit on Polish Exports
The decision of the United Kingdom (UK) to leave the European Union (EU) is unprecedented, especially considering the recent trend in the global economy toward economic integration. There is a multitude of research conce...
Okun’s Law and Youth Unemployment in Germany and Poland
Unemployment rates, especially among youth, have increased in various countries of Europe over the last years. This paper examines changes in youth unemployment in Germany and Poland with Okun’s law, testing that young e...
A Dyadic Perspective on Determinants of Entry Choices in the Global Hospitality Industry
This paper discusses the firm-level determinants of international hotels’ foreign markets entry choices, contrasting acquisition with management and franchise contracts, based on a resource-dependency perspective and app...
Socio-Economic Implications of Female Inclusion in Organizational Structures and in Leadership Positions
The perception of women’s statutory place within organizations has been influenced by gender bias, which has led to discrimination. Lowering barriers related to gender inequality and introducing constructive changes take...