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Sustainability 2015, 7(6), 6976-6993; doi:10.3390/su7066976

Balance of Comparative Advantages in the Processed Food Sector of the Danube Countries

1
Faculty of Economics and Engineering Management in Novi Sad, Cvećarska 2, 21000 Novi Sad, Serbia
2
University of Defense, Military Academy, Pavla Jurišića Šturma 33, 11000 Belgrade, Serbia
3
Faculty of Biopharming, Megatrend University, M. Tita 39, 24300 Bačka Topola, Serbia
4
Faculty of Agriculture, University of Belgrade, Nemanjina 6, 11080 Belgrade-Zemun, Serbia
These authors contributed equally to this work.
*
Author to whom correspondence should be addressed.
Received: 10 December 2014 / Accepted: 3 April 2015 / Published: 29 May 2015
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Abstract

In this paper, we investigated the level of competitiveness of the processed food sector of the Danube region countries, in order to show the existence of comparative advantage and the correlation of exports. We used the Balassa (RCA–revealed comparative advantage) index and TPI (trade performance indexes). At first, using the Pearson and Spearman index, we examined the existence of correlations between the processed food sector of the Danube countries. Then, we applied the Least Significant Difference (LSD) test to further compare the value and answered the question: between which Danube countries are there significant differences? With the study, we found that the distribution of the RCA index in Bosnia and Herzegovina, Hungary, Moldova and Slovenia deviates from normality. We also found the existence of a strong correlation of the RCA index of the Czech Republic with Romania, Hungary with Moldova and Serbia, Moldova with Serbia and Bulgaria with Ukraine. Finally, we concluded that the development of trade in the countries of the Danube region requires the participation of all relevant interest groups and could play an important role in providing faster economic development, that is in achieving sustainable development of the countries, with the sustainable use of available resources. View Full-Text
Keywords: balance; processed food sector; Danube region countries; comparative advantages and competitiveness; sustainable development balance; processed food sector; Danube region countries; comparative advantages and competitiveness; sustainable development
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Ignjatijević, S.; Milojević, I.; Cvijanović, G.; Jandrić, M. Balance of Comparative Advantages in the Processed Food Sector of the Danube Countries. Sustainability 2015, 7, 6976-6993.

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