Abstract
Czechia is one of the most export-oriented countries, reaching high levels of economic complexity. However, its innovative capabilities remain limited. Taking these factors into consideration, we determined the country's optimal diversification path by identifying prospective export sectors which would enhance the country's competitiveness. We combine the product space and proximity methodologies on predicted export data together with a company-level analysis. We identified machinery for specialized industries and parts thereof (SITC 7284), machine-tools for specialized industries parts or accessories (SITC 7281) and power hand tools, pneumatic or non-electric, and parts thereof (SITC 7541) as the most prospective categories in terms of high complexity, expected trade volume growth, proximity to Czechia's existing production capabilities and manufacturing base operated by large, highly innovative Czech-owned firms.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
