Measuring revealed comparative advantage based on conventional and non-conventional (TiVA) databases with special emphasis on Hungary
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| Dokumentumtípus: | Diplomadolgozat |
| Kulcsszavak: | Balassa index competitiveness (economics) Global Value Chains Hungary RCA |
| Online Access: | http://dolgozattar.uni-bge.hu/47135 |
| Kivonat: | Measuring comparative advantage propounds several issues.Different calculating methods miss different important contributing factors,when measuring a sector’s comparative advantage in a country. In this research, the Balassaindex is going to be used for measuring revealed comparative advantage,although it has its limitations, it still serves as base for many specializedliterature and research in the field of foreign trade and global value chains. Participationin global value chains means that a country can produce an output that can be usedas an intermediate input for a final good. During the assembling process, thecountry can re-import the previously exported output which has been changed oradded to, thus distorting the foreign trade data. To this end, a newcalculating method was considered, called Trade in Value Added (TiVA), whichexcludes all re-imports from the calculation. This method enables to have adifferent look on the foreign trade data of a country. In my research I wouldlike to shed light on the differences between the conventional and the TiVAforeign trade data, thus exploring if the Hungarian economic policy supportsthe right sectors, in which it has a comparative advantage in. |
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