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The Competitive Advantage of Foreign Trade with Agri-Food Products

Author

Listed:
  • Tudorel ANDREI

    (The Bucharest University of Economic Studies, Economic Cybernetics, Statistics and Informatics Faculty, Department of Statistics and Econometrics, Bucharest Romania.)

  • Bogdan OANCEA

    (University of Bucharest, Faculty of Business and Administration, Department of Applied Economics and Quantitative Analysis, corresponding author.)

  • Andreea MIRICĂ

    (The Bucharest University of Economic Studies, Economic Cybernetics, Statistics and Informatics Faculty, Department of Statistics and Econometrics, Bucharest Romania.)

  • Lucian Claudiu ANGHEL

    (Faculty of Management within The National University of Political Studies and Public Administration, Bucharest, Romania.)

Abstract

In this paper, we make a comparative analysis of the competitive advantages of the foreign trade with agri-food products for four East European countries - Romania, Bulgaria, Hungary, and Poland - between 2000 and 2020, dividing this period into two subperiods relative to the year of EU accession. Using the Revealed Comparative Advantage (RCA) and Revealed Symmetric Comparative Advantage (RSCA) indicators we built an econometric model to assess the extent to which the distribution of RSCA values changes over time as compared to a reference year, in our case 2000. We found that for all four countries, for each year from 2001 to 2020, the distribution of RSCA values has changed significantly over time. This shows that some of the product categories that initially had low RSCA indicator values increased significantly over time, but at the same time product categories that initially had a high RSCA value decreased over time. Therefore, the accession to the EU for each of the four countries has generated important changes in relation to the competitive advantage/disadvantage of the agri-food products.

Suggested Citation

  • Tudorel ANDREI & Bogdan OANCEA & Andreea MIRICĂ & Lucian Claudiu ANGHEL, 2022. "The Competitive Advantage of Foreign Trade with Agri-Food Products," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 54-64, April.
    • Handle: RePEc:rjr:romjef:v::y:2022:i:2:p:54-64
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    References listed on IDEAS

    as
    1. Mirela-Adriana RUSALI, 2019. "Assessments On Development Disparities In The Food Industry," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 16(2), pages 225-231.
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      More about this item

      Keywords

      foreign trade; agri-food products; EU accession; competitive advantage of exports and imports;
      All these keywords.

      JEL classification:

      • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
      • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics

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