|
Abstract:
In this study, the comparative advantage of Macedonia in international markets has been analyzed for the period of 2013-2016. "Revealed Comparative Advantages Index", developed by Balassa (1965), and RCA4 index, developed by Vollrath (1991), have been calculated for 150 product groups within cluster 4 digit of Macedonia that have been obtained from Trade Map database, and it has been investigated whether external trade of Macedonia underwent a structural change within the mentioned period. According to the findings of the study, it has been concluded that Macedonia's competitiveness advantage continues in the products for which its competitiveness is high, it produces new RCA's during the analysis period and its external trade structure is moving from agricultural to capital intensive products.
|
