Competitiveness and position changes of Hungarian manufacturing product groups in the EU market

Sandor Buzas
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Sandor Buzas: Institute of World Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences

No 163, IWE Working Papers from Institute for World Economics - Centre for Economic and Regional Studies

Abstract: In the Hungarian manufacturing industry more than 70 product groups (out of 95 analysed) increased its market share in the EU15 market, and more than two-thirds of them increased its relative unit export value (RUEV) simultaneously. The general trend of growth of the RUEV value show, that not only the quantity, but the quality of the products had increased during the period of analyses. The findings show that the RUEV of successful branches did not fall as market share grew. Hungarian firms did not necessarily need to lower prices to increase their share in the EU market. Finally, no evidence could be found on the relation between the direction of change of market share and RUEV (using the very simple methodology of the study), which means that there may not be branch-specific relations between these indicators, or Hungarian manufacturers were able to sustain their relative price level by increasing quality, although this could not be measured directly.

Keywords: EU market; Hungary; manufacturing; export value; prices; competitiveness (search for similar items in EconPapers)
Pages: 17 pages
Date: 2005-10
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Persistent link: https://EconPapers.repec.org/RePEc:iwe:workpr:163

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