Lazarov, Darko and Kocovski, Mitko (2016) The analysis of Macedonian export performance: the role of metal industry. In: ECIN 2016: International Economics and Management Conference, 22 Sept 2016, Belgrade, Serbia. (Unpublished)
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Abstract
The paper investigates the Macedonian export structure and export performance using several indexes: 1) export complexity- weighted average of the sophistication level of products exported by the country, 2) export diversity – number of products that country produces and exports with comparative advantages, and 3) export ubiquity – number of countries produce same set of products. Moreover, the paper analyzes the performance of metal industry and its productivity as one of the most exporting industry and investigates its capacity for further product diversification. The estimated results indicate that Macedonian export basket is highly concentrated (the top ten products have nearly half of the total country’s export and more than 70 percent of the export goes to several countries) and composed of low complexed products. Additionally, the results show that the export structure is less diversified, making the economy very sensitive on the external shocks. On the other side, the analysis of metal industry performance indicates that this industry has comparative advantages (RCA=2.16) and more importantly it has strong capacity for further diversification by building new capabilities for production of more complexed products. So, we suggest to policymakers in Macdonia to create an active industry policy that will stimulate the structural transformation of metal industry by addressing the information and coordination failures
Keywords: Export structure, products sophistication, metal industry, Republic of Macedonia.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | Social Sciences > Economics and business |
| Divisions: | Faculty of Economics |
| Depositing User: | Darko Lazarov |
| Date Deposited: | 17 Jul 2017 10:46 |
| Last Modified: | 17 Jul 2017 10:46 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/17502 |
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