IDEAS home Printed from https://ideas.repec.org/a/ris/joeasd/0148.html
   My bibliography  Save this article

What Should Estonia Do In Order To Increase The Value Of Its Exports Of Goods To Slovakia And Slovenia?

Author

Listed:
  • Romih, Dejan

    (University of Maribor, Faculty of Economics and Business, Department of International Economics and Business, Slovenia)

Abstract

This paper analyses Estonia’s trade in goods with the world in general and with Slovakia and Slovenia in particular. Additionally, it also proposes some measures to increase the value of Estonia’s exports of goods to the aforementioned countries, both of which are Estonia’s minor export partners in Central and Eastern Europe. In 2013, the value of Estonia’s exports of goods to Slovakia and Slovenia amounted to €51.3 million and €7.4 million respectively. In order to increase the value of its exports of goods to these two countries, Estonia should increase the competitiveness of Estonian enterprises (especially small- and medium-sized ones) in the Slovakian and Slovenian markets and adopt other measures such as increasing the sustainability of the aforementioned enterprises with a view to facilitating their entry into new markets. In recent years, sustainability has become an important factor in competitiveness, which is mainly the result of increased environmental awareness of consumers and other stakeholders, foremost in developed countries (including Slovakia and Slovenia). Sustainable innovation has therefore become an important source of competitive advantage, which is especially true for enterprises operating in competitive markets. Therefore, in order to increase the competitiveness of Estonian enterprises in the aforementioned markets, Estonia should promote sustainable innovation and take certain other measures.

Suggested Citation

  • Romih, Dejan, 2016. "What Should Estonia Do In Order To Increase The Value Of Its Exports Of Goods To Slovakia And Slovenia?," Journal of Economic and Social Development, Clinical Journals Press, vol. 3(01), pages 01-12, March.
    • Handle: RePEc:ris:joeasd:0148
    as

    Download full text from publisher

    File URL: https://www.jesd-online.com/dokumenti/upload/separated/Vol%203%20No%201_05.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ruth Alas & Sinikka Vanhala, 2013. "Converging and Diverging Trends in HRM between the Nordic Countries and Estonia," Palgrave Macmillan Books, in: Emma Parry & Eleni Stavrou & Mila Lazarova (ed.), Global Trends in Human Resource Management, chapter 6, pages 122-146, Palgrave Macmillan.
    2. Acharyya, Rajat & Kar, Saibal, 2014. "International Trade and Economic Development," OUP Catalogue, Oxford University Press, number 9780199672851.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sugata Marjit & Suryaprakash Mishra & Sandip Sarkar & Lei Yang, 2019. "Trade, Inequality and Distribution-neutral Fiscal Policy," Foreign Trade Review, , vol. 54(2), pages 61-74, May.
    2. Khoutem Ben Jedidia, 2015. "Trade openness-financial development nexus: Bounds testing approach and causality tests for Tunisia," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 18(58), pages 27-50, December.
    3. Sèna Kimm Gnangnon, 2020. "Comparative Advantage Following (CAF) development strategy, Aid for Trade flows and structural change in production," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 9(1), pages 1-29, December.
    4. Sugata Marjit & Reza Oladi, 2020. "Internal Migration, Minimum Rural Wage and Employment Guarantee: Recasting Harris-Todaro," Working Papers 2047, Indian Institute of Foreign Trade.
    5. Saibal Kar & Devleena Majumdar, 2016. "MFN Tariff Rates and Carbon Emission: Evidence from Lower-Middle-Income Countries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(3), pages 493-510, July.
    6. Ummuhabeeba Chaliyan & Mini P. Thomas, 2021. "Financial Markets, Financial Institutions and International Trade: Examining the causal links for Indian Economy," Papers 2112.01749, arXiv.org, revised Jun 2022.
    7. Marjit, Sugata & Yang, Lei, 2020. "An Elementary Theorem on Gains from Virtual Trade," MPRA Paper 104088, University Library of Munich, Germany.
    8. Yilmaz Bayar, 2016. "Impact of Openness and Economic Freedom on Economic Growth in the Transition Economies of the European Union," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 14(1), pages 7-19.
    9. Dimcho Shopov, 2020. "Analysing and Forecasting the Debt Burden of the EU Countries: Is There a New European Debt Crisis on the Horizon?," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 2 Year 20, pages 58-78.
    10. Sugata Marjit & Ritwik Sasmal & Joydeb Sasmal, 2020. "Structural Transformation, Service Sector Growth and Poverty Alleviation: The Role of Formal–Informal Interaction and Rising Informal Wage," Review of Development and Change, , vol. 25(2), pages 151-168, December.
    11. Mandal, Biswajit & Chaudhuri, Saswati & Prasad, Alaka Shree, 2020. "Unemployment of Unskilled Labor due to COVID-19 led Restriction on Migration and Trade," GLO Discussion Paper Series 614, Global Labor Organization (GLO).
    12. Mihasina Harinaivo Andrianarimanana & Pu Yongjian, 2021. "Importance of the Improvement in the Agricultural Technology of Sub-Saharan Africa on Local Economic Development and International Trade," Sustainability, MDPI, vol. 13(5), pages 1-14, February.

    More about this item

    Keywords

    Competitiveness; Estonia; Sustainability; Slovakia; Slovenia; Trade in goods;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:joeasd:0148. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marijan Cingula (email available below). General contact details of provider: http://www.eclinicalsci.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.