REVEALED COMPARATIVE ADVANTAGE AND MERCHANDISE EXPORTS: THE CASE OF MERCHANDISE TRADE BETWEEN CROATIA AND THE REST OF THE EUROPEAN UNION MEMBER COUNTRIESVlatka Bilas () and
Mile Bošnjak
Economic Thought and Practice, 2015, vol. 24, issue 1, 29-47 Abstract: The main objective of this paper is to explore the relationship between merchandise exports and revealed comparative advantage (RCA) indicators of Croatian exports on the European Union (EU) market. For this purpose the main hypothesis is defined as follows: a Croatian merchandise export is positively correlated with RCA indicators on the EU market. Based on the empirical tests and using the defined econometric model for the period 1995-2012, the main hypothesis of research was confirmed; meaning correlation between indicators of RCA in merchandise exports on the EU market in the long and short run is confirmed. Positive and statistically significant relationship was found between RCA in export of raw materials excluding fuel and level of merchandise export as well as RCA in export of machinery and transport vehicles and level of merchandise export. Keywords: revealed comparative advantage; merchandise export; Croatia; European Union (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:avo:emipdu:v:24:y:2015:i:1:p:29-47 Ordering information: This journal article can be ordered from Access Statistics for this article Economic Thought and Practice is currently edited by Nebojsa Stojcic More articles in Economic Thought and Practice from Department of Economics and Business, University of Dubrovnik Contact information at EDIRC. |
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