Abstract
The paper examines the trade competitiveness of the wood industry as a whole and some of its parts (Cork and wood, Cork and wood manufactures and Furniture and parts) of fi ve countries of South Eastern Europe (Serbia, Croatia, Bulgaria, Romania and Bosnia & Herzegovina) by using six indicators (Revealed Comparative Advantage – RCA, Index of Trade Performance – RCA2, Competitiveness Growth Index – RCA1, Michaely Index – MI, Index of Contribution to the Trade Balance – CTB and Grubel-Lloyd Index – GLI) in the period 2000-2015. On the basis of the results obtained, it was concluded that the wood industry of these countries observed as a whole has great export potential and that it significantly participates in their processing industry. The results of the survey show that companies from the wood industry viewed as a whole are competitive on the domestic market. However, this cannot be said of the international competitiveness of the timber industry of these countries. To be specific, the production of cork and wood from Bulgaria and Serbia, cork and wood manufactures excluding furniture from Bulgaria, Serbia and Croatia, as well as furniture and parts manufacturers from Bulgaria do not have a competitive advantage in the international market. By combining the values of six competitiveness indicators, it can be concluded that there is a statistically significant difference in the competitiveness of the wood industry of the countries observed. It can also be concluded that the degree of wood processing has a positive impact on their export competitiveness, this impact not being statistically significant, and that the level of finalization of production did not have a positive impact on the competitiveness of the wood industry of the selected countries of Southeastern Europe.
Highlights
Authors’ calculation, based on data taken from the UNCTADstat database / Izračun autora na temelju podataka iz baze podataka UNCTADstat trade competitiveness of wood industry and its parts based on different modifications of RCA, CTB, GLI, and MI coefficients
Based on the results of the previous analysis, it can be concluded that wood industry has a large export potential in the economy, with a significant share in manufacturing industry in the selected Southeast Europe countries
This is important since it is an activity that does not depend on imported raw materials as timber assortment in these countries is large enough within the national economy
Summary
Competitiveness is one of the most powerful concepts of modern economic thought (Garelli, 2004). Given the complexity of competitiveness, there is no generally accepted definition of this phenomenon. Broader concept of competitiveness relates to tendency and skill to compete, ability to win and retain market position, and to increase market share and profitability. The concept of competitiveness is the result of a long history of economic thought, which gave rise to various aspects of this complex phenomenon. Apart from company level, competitiveness is increasingly popular at the national level, at the regional level, and at the industry level, as well as between individual sectors (Cvetanović et al, 2015)
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