Economic aspects of serbian manufacturing industry in the international trade

Svetlana Ignjatijevic (), Ivan Milojevic () and Drago Cvijanovic ()
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Svetlana Ignjatijevic: Faculty of Economics and Engineering Management in Novi Sad
Ivan Milojevic: University of Business Studies in Republic of Srpska, B&H
Drago Cvijanovic: University in Kragujevac, Faculty of Hotel Management and Tourism

International Conference on Competitiveness of Agro-food and Environmental Economy Proceedings, 2015, vol. 4, 226-236

Abstract: The research subject of this study is the analysis of the level of competitiveness of the Serbian manufacturing industry. The research has covered the period from 2002 to 2009. By using the Balassa index (RCA), Grubel-Lloyd index (GL) and Lafay index (LFI) the level of comparative advantages and specialization in international trade of the Serbian manufacturing industry was considered. The results of the research point to a general negative level of competitiveness of the manufacturing industry. However certain segments are achieving positive value of comparative advantages and an increase in specialization on the international market

Keywords: economic analysis; manufacturing industry; comparative advantage (search for similar items in EconPapers)
Date: 2015
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