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Pregled bibliografske jedinice broj: 730201

Real Convergence and Perspective of Integration- The Analysis of the Croatian Intra-industry Trade


Host, Alen; Zaninović, Vinko; Mirkov, Tina
Real Convergence and Perspective of Integration- The Analysis of the Croatian Intra-industry Trade // Economic Integrations, Competition and Cooperation / Kandžija, Vinko ; Kumar, Andrej (ur.).
Rijeka: University of Rijeka, Faculty of Economics, 2014. str. 448-474 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)


Naslov
Real Convergence and Perspective of Integration- The Analysis of the Croatian Intra-industry Trade

Autori
Host, Alen ; Zaninović, Vinko ; Mirkov, Tina

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Economic Integrations, Competition and Cooperation / Kandžija, Vinko ; Kumar, Andrej - Rijeka : University of Rijeka, Faculty of Economics, 2014, 448-474

ISBN
978-953-7813-19-2

Skup
Economic Integrations, Competition and Cooperation

Mjesto i datum
Rijeka/Opatija, Hrvatska, 17 - 19.4. 2013

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Intra-industry trade ; international trade ; economic integration ; Croatia ; EU

Sažetak
Classical theory finds impulse for international exchange in different relative prices of production, i.e relative abundance of different factors of production. Intra-industry trade concept means trade between similar products of different countries (economic integration). Applying classical concept in practice would mean that the trade between states at similar stage of development will decline through time. However, the fact is that developed countries (this especially applies to the EU) exchange more despite the fact that their relative costs of production, i.e. relative wealth of the factors of production are more similar. Statistically it is just possible to substantiate the fact that the most developed countries in the world exchange between more than half of total world trade (OECD, 2010). This fact has led to the development of alternative theories, opposite to classical theories of international trade. Thereby, it took into account entirely new assumptions. These assumptions reflect the actual conditions in which international trade takes place, such as economy of scale, product differentiation, monopolistic (oligopolistic) competition, multinational companies etc. Croatia is a small open economy that will join the EU on July 1st, 2013. Nominal Copenhagen criteria are fulfilled, but the real question is where Croatia stands when real convergence is concerned (if we take into account that intra-industry trade could be a significant indicator of real convergence of national economy), i.e. the extent which Croatia trade/exchange is inter-industry and intra- industry. The increase in the share of bilateral intra-industry trade would mean that Croatia managed to differentiate production, and that is able to compete in the EU market by selling similar products. In other words, it leads to a smooth adjustment hypothesis, according to which the adjustment costs of particular country or sector, when entering the economic integration will be low if there is a relatively high level of intra-industry trade. Aim of this paper is to analyze intra-industry trade of Croatia between year 2002 and 2012 and section of 10 European countries with biggest share of bilateral trade flows: eight from the EU (Italy, Germany, Slovenia, France, Great Britain, Austria, Hungary and Netherlands) and two countries from CEFTA 2006 (Bosnia & Herzegovina and Serbia).

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekt / tema
081-0000000-1267 - Tercijarna logistika - čimbenik uključivanja RH u europski gospodarski sustav (Alen Host, )
13.02.1.2.03.

Ustanove
Ekonomski fakultet, Rijeka