Drivers of the duration of comparative advantage in the European Union's agri-food exports

Stefan Bojnec and Imre Fertő
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Stefan Bojnec: Faculty of Management, University of Primorska, Koper, Slovenia

Agricultural Economics, 2018, vol. 64, issue 2, 51-60

Abstract: The article investigates the duration of comparative advantage indices in the European Union (EU-27) agri-food exports using the normalised revealed comparative advantage index on the global market. There is employed both a descriptive analysis of the duration of comparative advantage, and examined the major drivers using discrete-time duration models with proper controls for unobserved heterogeneity. The robustness of the models is tested with alternative estimation procedures and sub-samples. Estimations show that the comparative advantages for most agri-food products survived for a certain number of years, but a high percentage of them have a shorter duration. Larger trade costs decrease the probability of survival in comparative advantages, while the level of economic development, the size of the country, the agri-food export diversification, and being a new EU member state increases it. Implications for the EU-27 member states and agri-food policies are suggested in the conclusion.

Keywords: normalised revealed comparative advantage; duration analysis; discrete time models; agri-food exports; European Union (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:caa:jnlage:v:64:y:2018:i:2:id:173-2016-agricecon

DOI: 10.17221/173/2016-AGRICECON

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