International Comparative Advantage In Transport Services: The Case Of Slovenia

Marjan Sternad, Matjaz Safran and Darja Topolsek

Montenegrin Journal of Economics, 2012, vol. 8, issue 1, 179-186

Abstract: Competitiveness in the world markets is getting increasingly tougher, and that is why it is crucial for countries to gain comparative advantages if they want to keep their established market positions in the international environment in the long run. Participation in the international trade has become one of the most important factors of economic growth and welfare of individual countries. In the article the export and the import models of Slovenia in transport services, as well as the comparative advantages are defined using the Balassa index. In comparison with the most important foreign trade partners Slovenia is gaining comparative advantages in transport services; however, the transport infrastructure, the technology and the promotion of the exports of transport services will have to be improved in order to preserve the competitive position of Slovenia in the international environment

Date: 2012
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