Trade Integration and Liberalization: Possible Solutions to Keep Food Supply Chains Alive
Drago Cvijanović,
Ivan Milojević and
Nemanja Pantić ()
Additional contact information
Drago Cvijanović: University of Kragujevac, Faculty of Hotel Management and Tourism in Vrnjačka Banja
Ivan Milojević: Human Resources Sector
Nemanja Pantić: University of Kragujevac, Faculty of Hotel Management and Tourism in Vrnjačka Banja
Chapter Chapter 5 in Shifting Patterns of Agricultural Trade, 2021, pp 123-141 from Springer
Abstract:
Abstract Exploration and better exploitation of comparative and competitive advantages in the agricultural sector contribute to the increases and structural changes in food production, processing, and export. Investigations of such opportunities are particularly relevant for smaller countries of Eastern Europe, which possess significant advantages in agricultural production compared to bigger and more developed EU producers, but often fail to translate them into a stable competitive position in the global market. This chapter analyzes performances of the fourteen Danube region countries along major macroeconomic parameters (GDP, inflation, unemployment, and shares of public debt, external debt, FDI, current account deficits, exports, and imports in GDP). In the case of the Republic of Serbia, the authors estimate the level of specialization and comparative advantage in agricultural exports and analyze the volume and foreign trade balance between Serbia and the EU and the CEFTA. The Balassa index (Revealed Comparative Advantage) and the Grubel-Lloyd index of intra-industrial exchange are used to identify and measure Serbia’s comparative advantages across twenty-five categories of agricultural and food products in 2015–2020. The findings on individual levels of comparative and competitive advantages can be used in a cross-section analysis of the agricultural sector performance and planning of future foreign trade developments.
Keywords: Agricultural products; Danube region countries; International trade; Macroeconomic performance (search for similar items in EconPapers)
Date: 2021
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:sprchp:978-981-16-3260-0_5
Ordering information: This item can be ordered from
http://www.springer.com/9789811632600
DOI: 10.1007/978-981-16-3260-0_5
Access Statistics for this chapter
More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().