CATEGORY OF REVEALED COMPARATIVE ADVANTAGES AND EVALUATION OF UKRAINE’S PROSPECTS ON THE EUROPEAN MARKET
Keywords:
autarky price, commodity classification of foreign economic activity of the Commonwealth of Independent States (TN ZED), commodity divisions (2-digit), commodity groups (З-digit), comparative advantage, Hecksher-Ohlin Theory, labor, new economy, RCA indexAbstract
Measurement procedure of revealed comparative advantages for Ukraine’s economy with the use of two trade classifications, namely Standard International Trade Classification (SITC) and Commodity Classification of Foreign Economic Activity of the Commonwealth of Independent States (TN ZED) is formed. The reporting procedure for the international trade on the basis of 3-digit approach to be applied in Ukraine is proposed, which was not employed before by Ukrainian statistical authorities. The advantage of this reporting procedure over the current one in Ukraine is explained.
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