Search results for "comparative advantage"
showing 10 items of 27 documents
INNOVATION AS A KEY FACTOR IN THE INTERNATIONAL COMPETITIVENESS OF THE EUROPEAN UNION
2013
There is international scientific consensus that economic progress will be driven by innovation, namely the invention and application of new technologies. Research and Development (R&D) is one category of spending that develops and drives these new technologies. From the perspective of competiveness, private sector firms are prone to focus their R&D on “applied” projects and many government-sponsored technological advances have been instrumental in driving economic growth and rising living standards. According to the published literature, it is expected that countries engaging in R&D activities have a comparative advantage in export of products, and countries with the “largest” R&D expendit…
El mercado mundial de vino y la competitividad de los países del Hemisferio Sur, 1961-2010
2014
<p><strong></strong>El mercado mundial del vino ha sufrido cambios intensos en las últimas décadas tras un fuerte incremento de la competitividad de los países exportadores del hemisferio sur. Su dinamismo y el aumento de la demanda de los nuevos países consumidores han acelerado el proceso de globalización del vino. En este contexto, analizamos la competencia mundial y los principales cambios en el comercio global de vinos desde 1961 hasta 2010. El artículo muestra la distribución relativa de las exportaciones en el Viejo y el Nuevo Mundo y examina la ventaja comparativa del comercio exterior a través del índice de ventaja comparativa revelada (VCR). Concluye mostrando la…
Changes in the international wine market competitiveness
2017
This study offers a contribution to understanding the complexity of the international wine trade analysing the specialisation patterns of 14 among the most important wine world actors in the period 2007â2016, in order to verify if the patterns of comparative advantages for the trade of this countries have experienced significant changes. Using the Lafay index, as a comparative advantage measure, our results reveal deep changes in the global wine market exchange. Our result constitutes a base element for the future development of the competitive scenario and provides some both theoretical and practical implications. In the baseline projection, the maintenance of the competitive position is…
Measuring International Competitiveness of Romania by Using Porter's Diamond and Revealed Comparative Advantage
2013
Abstract International competitiveness generate a number of challenges because creates profitability for companies, welfare for citizens, sustainable prosperity for the economy as long as it is perceived as a constructive concept. The aim of present paper is to identify the international competitiveness of Romania by analyze the competitive advantage and disadvantage according to Porter‘s Diamond, on one hand, and by calculate revealed comparative advantage according to Balasa, on the other hand. The results show that Romanian has more competitive disadvantage than competitive advantage, even if by comparison with European Union, Romania has some revealed comparative advantage.
Informal employment in developing countries
2012
There is an ongoing debate among researchers and policy makers, whether informal sector employment is a result of competitive market forces or labor market segmentation. More recently it has been argued that none of the two theories sufficiently explains informal employment, but that the informal sector shows a heterogenous structure. For some workers the informal sector is an attractive employment opportunity, whereas for others – rationed out of the formal sector – the informal sector is a strategy of last resort. To test the empirical relevance of this hypothesis we formulate an econometric model which allows for several unobserved segments within the informal sector and apply it to the …
The contribution of granular and fundamental comparative advantage to European Union countries' export specialisation
2020
This paper analyses the contribution of fundamental comparative advantage (a country‐specific component) and granular comparative advantage (a firm‐specific component) to European Union countries' export specialisation. We find that, on average, granular comparative advantage may explain export specialisation in 29% of industries, which account for 47% of total exports. We also show that 60% of the variation in export specialisation across countries and industries may be explained by granular comparative advantage. These results highlight that some outstanding firms may play a very important role in explaining European Union countries' export specialisation.
Motives, Roles, Effectiveness and the Future of the EU as an International Mediator
2018
AbstractThis article concludes this special issue on the European Union as international mediator that set out to advance our theoretical and empirical knowledge aboutEUmediation. Providing a comprehensive reflection ofEUmediation activities and the diverse settings where they take place, this concluding article identifies some connection points between the articles and discusses their findings on the motives/drivers, roles/strategies, effectiveness and institutional capacities ofEUmediation. It discusses the implications of these findings for policymaking, focusing on the conditions forEUmediation effectiveness, the advantages of the multi-layered nature ofEUmediation and the need for flex…
The dynamics of Italian competitive positioning in the Mediterranean Bluefin tuna industry
2020
The bluefin tuna or Thunnus thynnus is one of the widely recognised fish species since ancient times. Italy is the most important players in the international arena, however, the introduction of a system of total allowable catches and other measures established by the International Commission for the Conservation of Atlantic Tunas, has deeply changed the competitive positioning of Italy. The aim of this study is to perform an analysis of the comparative advantage of Italy by using the relative trade advantage index. Findings reveal that Italy has gained a competitive advantage in the Maltese market and has suffered a loss of the historical competitive advantage in the Japanese one. Results …
PATTERNS OF COMPARATIVE ADVANTAGES AND THEIR CHANGE FOR THE WINE INDUSTRY IN THE INTERNATIONAL SCENARIO
2015
The aim of this study is to analyse the specialization patterns of the main wine world actors, consumers and traders, so as to verify whether or not the patterns of comparative advantages for the trade of this countries have experienced significant changes over the period 2003-2012. The analysis carried out through the estimating of Lafay index reveals deep changes in the global wine market. In particular Italy, France, and Spain, though keeping an unquestioned importance in the international scenario, are experiencing a progressive loss of competitiveness. Differently, new countries have reinforced their presence in the international market, and among them Chile for the bottled wines, and …
La competitivitŕ del comparto florovivaistico del Mezzogiorno d'Italia sul mercato internazionale
2009
The international competitiveness of flowers and ornamental plant sector of the Italian "Mezzogiorno" area - In the last few years the Italian flower and ornamental plant sector has been characterized by a significant dynamicity, becoming one of the most important sectors of the Italian agricultural system. In terms of competitiveness, however, the above sector has faced several market crises due to the globalization process which has brought about an increasing supply of flower and ornamentals in the world market. In a national context, Mezzogiorno is an important area in terms of production source for flowers and ornamental plants, in relation to both extremely favourable climatic conditi…