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Mapping of Capabilities and Export Opportunities of Czechia

Author

Listed:
  • Ondřej Sankot
  • Tereza De Castro
  • Jana Vlčková
  • Cristina Procházková Ilinitchi

Abstract

Czechia is one of the most export-oriented countries, reaching high levels of economic complexity. However, its innovative capabilities remain limited. Taking these factors into consideration, we determined the country's optimal diversification path by identifying prospective export sectors which would enhance the country's competitiveness. We combine the product space and proximity methodologies on predicted export data together with a company-level analysis. We identified machinery for specialized industries and parts thereof (SITC 7284), machine-tools for specialized industries parts or accessories (SITC 7281) and power hand tools, pneumatic or non-electric, and parts thereof (SITC 7541) as the most prospective categories in terms of high complexity, expected trade volume growth, proximity to Czechia's existing production capabilities and manufacturing base operated by large, highly innovative Czech-owned firms.

Suggested Citation

  • Ondřej Sankot & Tereza De Castro & Jana Vlčková & Cristina Procházková Ilinitchi, 2023. "Mapping of Capabilities and Export Opportunities of Czechia," Prague Economic Papers, Prague University of Economics and Business, vol. 2023(2), pages 159-183.
    • Handle: RePEc:prg:jnlpep:v:2023:y:2023:i:2:id:829:p:159-183
    DOI: 10.18267/j.pep.829
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    References listed on IDEAS

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    More about this item

    Keywords

    export; specialization; product complexity; comparative advantage; product relatedness; diversification;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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