The structure of exports and imports as a limiting factor in improving the competitiveness of Republic Serbia

Purić, Sveto; Jerotijević, Dušan

doi:10.5937/ekonomika1503121p

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“…In order to reduce the trade balance deficit, as well as to increase the rate of economic growth, it is necessary to monitor the comparative advantages, both of the overall economy and of its parts. The movement of the trade balance is one of the basic indicators through which the level of competitiveness is perceived (Purić & Jerotijević, 2015).…”

Section: Introductionmentioning

confidence: 99%

Analysis of comparative advantages of Serbian exports at the sectoral level

Marković¹

2019

Ekonomika

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The aim of the paper is to analyze the position and comparative advantages of the export sectors of the Republic of Serbia, using the RCA index, for the period from 2012 to 2017, both in the overall market and at the most important export destinations, such as the EU and the countries signatory to the CEFTA agreement. The research shows that the biggest potential is the "Animal and vegetable oils, fats and wax" sector, as it has the highest comparative advantage. Of the sectors with the largest exports, "Machines and transport devices" are distinguished, which on the CEFTA market has a significant comparative advantage, which is a sector that includes high-tech products and with its exports can significantly contribute to improving the structure of exports. A drastic drop in comparative advantages is recorded in the "Food and living animals" sector, as the largest part of the traditionally important agri-food sector. The analysis used the available databases of the Republic Institute of Statistics of the Republic of Serbia, using standard mathematical and statistical methods.

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Section: Introductionmentioning

confidence: 99%