Lithuanian export competitiveness before economic recession

• Autorzy: Jone Kalendiene , Giedrius Miliauskas
• Języki publikacji: EN

Abstrakty

EN

The research paper discusses the concept of competitiveness of economy and analyzes export as an indicator of it. The analysis is started by the historical review of export development. Statistical data show that three Baltic countries have been following different path of export growth since Russian crisis. Different export market orientation and manufacturing sector's longer reorientation process provide an explanation. Furthermore, the historical analysis shows that export growth relation with foreign demand growth and GDP growth is not as strong as it might be expected. In order to estimate possible long-run GDP growth prospects, the structural analysis of trade is performed. The conclusions of the latter revealed high dependence of trade on conjuncture in foreign markets and supported the need of further price and non-price competitiveness analysis. Surprisingly, the results of the former indicate that price indicators do little to explain export development. Conversely, the results of the latter, based on CMSA methodology, show that market orientation of Lithuanian exports adds the most to its competitiveness; meanwhile the product orientation is generally unfavorable. Finally, the relation between FDI structure by countries and trade flows of processed industrial supplies is analyzed. Although data analysis does not reject the existence of such hypothesis, a more detail analysis should be conducted in the future.(original abstract)

Słowa kluczowe

EN

Economy competitiveness; Trade research; Export; Foreign investment; Direct investments

PL

Konkurencyjność gospodarki; Badanie handlu; Eksport; Inwestycje zagraniczne; Inwestycje bezpośrednie

• Czasopismo: Business and Economic Horizons
• Rocznik: 2011
• Numer: vol. 4, iss. 1
• Strony: 40--51

Twórcy

autor

Jone Kalendiene

• Vytautas Magnus University, Lithuania

autor

Giedrius Miliauskas

• Economic Adviser of Lithuanian President

Bibliografia

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• European Commission, 1999. Sixth Periodic Report on the Social and Economic Situation of Regions in the EU, Brussels: European Commission.
• Fabrizio, S., Igan, D., Mody, A., 2007. "The dynamics of product quality and international competitiveness," IMF Working Paper, No.WP/07/97.
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• Porter, M., 1998. The competitive advantage of nations, New York: Palgrave.
• Stahn, K., 2006. "Has the impact of key determinants of German exports changed? Results from estimations of Germany's intra euro-area and extra euro-area exports," Deutsche Bundesbank, Discussion Paper Series 1: Economic Studies, No. 07/2006.

Identyfikatory

DOI

10.15208/beh.2011.4