Mapping of Capabilities and Export Opportunities of Czechia

Ondřej Sankot, Tereza De Castro, Jana Vlčková and Cristina Procházková Ilinitchi

Prague Economic Papers, 2023, vol. 2023, issue 2, 159-183

Abstract: Czechia is one of the most export-oriented countries, reaching high levels of economic complexity. However, its innovative capabilities remain limited. Taking these factors into consideration, we determined the country's optimal diversification path by identifying prospective export sectors which would enhance the country's competitiveness. We combine the product space and proximity methodologies on predicted export data together with a company-level analysis. We identified machinery for specialized industries and parts thereof (SITC 7284), machine-tools for specialized industries parts or accessories (SITC 7281) and power hand tools, pneumatic or non-electric, and parts thereof (SITC 7541) as the most prospective categories in terms of high complexity, expected trade volume growth, proximity to Czechia's existing production capabilities and manufacturing base operated by large, highly innovative Czech-owned firms.

Keywords: export; specialization; product complexity; comparative advantage; product relatedness; diversification (search for similar items in EconPapers)
JEL-codes: F14 F17 L60 O14 O33 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.18267/j.pep.829

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