INTERNATIONAL TRADE STRUCTURE OF COUNTRIES FROM THE DANUBE REGION: COMPARATIVE ADVANTAGE ANALYSIS OF EXPORT
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The subject of this paper is comparative advantage and specialization level analysis in international trade of primary and industrial products of countries from the Danube region. Export structures, together with comparative advantages and specialization level of countries from the Danube region have been dynamically observed. The research utilizes the Balassa (RCA) and Lafay (LFI) indexes of comparative advantage and Grubel-Lloyd’s index of intra-industrial exchange. This research has been found that the positive value of comparative advantage in the export of primary products is present in the cases of Romania and Bulgaria, and as regards the export of industrial products the same applies for: Austria, Germany, Hungary, Czech Republic, Slovakia, Slovenia and Ukraine.
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