Affiliation:
1. University of Economics in Bratislava, Faculty of National Economy, Bratislava, Slovak Republic
Abstract
This paper aims to assess the structure of foreign trade specialisation and
the character of trade competitiveness of the Slovak Republic as a member
state of the European Union in the period 1999- 2021. We apply an industry
specific classification using the concepts of the revealed comparative
advantage and the revealed price elasticity. This allows us to evaluate the
competitiveness and divide the product groups into price and quality
sensitive. The findings confirmed that Slovak production is competitive on
the European market in several industries, mainly in automotive production,
electronics, and iron and steel, with external competitiveness being based
on tradition and low costs resulting in lower prices. The structure of
competitive exports changed over the analysed period, and we can note a
slight shift from price-to quality-based competitiveness.
Publisher
National Library of Serbia
Subject
General Economics, Econometrics and Finance
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