PRODUCTIVE AND EXPORT POTENTIAL OF THE EU COUNTRIES: CLASTERS’ ANALYZE
Keywords:
competitiveness, economic openness, European Union, revealed comparative advantage, trade balance, trade concentration, trade diversification
Abstract
International trade, as a major factor of openness, has an increasingly significant contribution to economic growth and thus for competitiveness. The aim of paper is to analyze level of productive potential achieved by the EU Member States. The results confirm the heterogeneity that exists among the EU Member States as well as in the trade area. While the calculations show that productivity growth of foreign trade was significant in the case of the entire EU, but the significance of productivity in foreign trade was not the same in the case of individual countries.
References
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Stevens, J. P. (2002). Applied multivariate statistics for the social science. New Jersey, USA: Erlbaum.
Published
2017-03-24
How to Cite
Fojtíková, L., & Staníčková, M. (2017). PRODUCTIVE AND EXPORT POTENTIAL OF THE EU COUNTRIES: CLASTERS’ ANALYZE. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (2(3), 20-31. https://doi.org/10.35678/2539-5645.2(3).2017.20-31
Section
Articles
Copyright
The EUrASEANs
International College Suan Sunandha
Rajabhat University, Bangkok, Thailand
