Journalartikel

Jahr der Veröffentlichung: 2009

Seiten: 111-138

Zeitschrift: Central European Journal of Economic Modelling and Econometrics

Bandnummer: 1

Heftnummer: 2

ISSN: 2080-0886

eISSN: 2080-119X

DOI Link: https://doi.org/10.24425/cejeme.2009.122227

Verlag: De Gruyter

Abstract: 
For the private and public sector in any particular country it is crucial to know, which industries may exhibit comparative advantages, that for some reasons are not realized. This can efficiently help all current and potential actors to improve their economic strategy both at the micro-and macroeconomic level. In this paper we propose an approach of forecasting comparative advantages dynamics in foreign trade. The instrument is based on relative price differences and is efficient for countries in the process of economic liberalization. An empirical analysis based on the example of Central and East European countries confirms a good performance in the sense of predictive power of this instrument. On the example of Russia, experiencing a period of economic liberalization and with the prospect to join the WTO agreements, we demonstrate which sectors are most likely to contain comparative advantages in the near future.

Harvard-Zitierstil: Savin, I. and Winker, P. (2009) Forecasting Russian Foreign Trade Comparative Advantages in the Context of a Potential WTO Accession, Central European Journal of Economic Modelling and Econometrics, 1(2), pp. 111-138. https://doi.org/10.24425/cejeme.2009.122227

APA-Zitierstil: Savin, I., & Winker, P. (2009). Forecasting Russian Foreign Trade Comparative Advantages in the Context of a Potential WTO Accession. Central European Journal of Economic Modelling and Econometrics. 1(2), 111-138. https://doi.org/10.24425/cejeme.2009.122227