ECONOMIC ANNALS, Volume LVIII, No. 196 / January – March 2013 UDC: 3.33 ISSN: 0013-3264 DOI:10.2298/EKA1396007P Viera Pavličková* THE COMPETITIVENESS OF SLOVAK FOREIGN TRADE IN THE EUROPEAN MARKET ABSTRACT: The paper deals with the with prices. Labour- and capital-intensive competitiveness of the Slovak Republic in commodities, along with the automotive its ability to succeed in foreign markets. It industry, dominate Slovak foreign trade. provides a complex view of Slovak foreign Technology- and R&D-driven goods have a trade within the European Union using a comparative disadvantage as a consequence sectoral classification of products. Several of several factors, such as lack of innovation appropriate methods (Constant Market and creativity in the business sphere. A Share Analysis, Revealed Comparative shift towards export of more sophisticated Advantage, Michaely Index, and unit products would be beneficial in supporting export and import values) are applied to long-term sustainable development; quantify the competitiveness of Slovak however, no significant change in Slovak foreign trade and to identify the level and commodity structure has occurred over the trend of its specialisation. The analysis uses past years. the data provided by the Eurostat Comext database for the period 1999-2011. KEY WORDS: competitiveness, Constant The results confirmed Slovakia as a former Market Share Analysis, Revealed transition country to be a fast developing Comparative Advantage, Michaely Index, open economy. Its production is competitive REVELAST Method in the European market, although mainly JEL CLASSIFICATION: F14 * Department of Banking and Investment, Faculty of Economics, Technical University of Košice, Slovakia, E-mail:
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