Economic Specialization and Trade Imbalances in Central and Eastern Europe

Vladimir Anatol’evich Parkhimenko and Aleksei Aleksandrovich Bykov
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Vladimir Anatol’evich Parkhimenko: Belarusian State University of Informatics and Radioelectronics, Minsk, Republic of Belarus
Aleksei Aleksandrovich Bykov: Belarusian State Economic University, Minsk, Republic of Belarus

Russian Foreign Economic Journal, 2022, issue 12, 88-107

Abstract: The purpose of the article is to analyze the development strategies of Central and Eastern European countries in terms of their degree of participation in the international division of labour, foreign trade economic specialization and competitive advantages in the global economy. The research methodology is a modified methodology for decomposing a trade balance by contribution of economic activities and sectors of the economy on the basis of OECD interregional input-output tables. The analysis revealed that CEE countries resort to different development strategies: some seek to actively oppose deindustrialization, others adhere to a service strategy in their eff orts to increase exports of services.

Keywords: foreign trade economic specialization; interregional input-output tables; interindustry balance; trade balance decomposition; development strategy; Central and Eastern Europe (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2022_12_88-107

DOI: 10.24412/2072-8042-2022-12-88-107

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