Measuring the Trade Performance of States

Spyros Roukanas

A chapter in Global, Regional and Local Perspectives on the Economies of Southeastern Europe, 2023, pp 49-73 from Springer

Abstract: Abstract The aim of this article is to study indicators that measure the trade performance of states. The study of these indicators will reveal the productive model of each national economy in relation to comparative advantages in high, medium–high, medium–low and low technology sectors, as well as the competitiveness of the countries’ exports at the international level. In order to study these objectives, we adopt the methodology of the theory of comparative advantage. The theory of comparative advantage is at the core of the Neoclassical theory of trade. David Ricardo was the first to formulate the concept of comparative advantage in the nineteenth century, in order to explain which the benefits are for all countries that participate in international trade (O’Brien and Williams, 2016, p. 104). Measuring the comparative advantages of national economies is a difficult task. Economists have developed specific criteria for measuring comparative advantage. The most widely known and most traditional measurement criterion is the Revealed Comparative Advantage (RCA) index, formulated by Balassa in 1965 (World Trade Organization. (2012). A Practical Guide to Trade Policy Analysis, WTO., p 26). However, this article also discusses a number of indicators developed by the World Bank for the study of trade relations. The analysis of the article focuses on the countries under review, i.e. Germany, Greece, the US, and China, for the last decade (2011–2021).

Keywords: Global Political Economy; International Trade; Indexes; Economic Globalization; F1; F14; F4 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-34059-8_3

Ordering information: This item can be ordered from
http://www.springer.com/9783031340598

DOI: 10.1007/978-3-031-34059-8_3

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().