Economic Crisis and the Fragility of Comparative Advantage in European Agriculture

Abstract: The paper investigates the impact of the economic crisis on the duration of comparative advantage of agri-food products in European Union member states during the period 2000-2014 using normalised revealed comparative advantage indices. Specifically, we examine how the economic crisis affected comparative advantage indices at 1) the start of a period of comparative advantage, 2) during a period of comparative advantage, and 3) how quickly comparative advantage grew within a defined period. Duration and regression analyses are applied to examine the fragility of comparative advantage indices using alternative model specifications and estimation procedures. Estimations suggest that the comparative advantage for most agri-food products is short lived. Economic crisis reduces the duration and growth of comparative advantage, while spell duration, lag in comparative advantage and product differentiation reduce the probability of failure of duration of comparative advantage. Economic cri.... https://www.tib-op.org/ojs/index.php/gjae/article/view/2098

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• Location: Deutsche Nationalbibliothek Frankfurt am Main
• Extent: Online-Ressource
• Language: Englisch

References and Relationships

• Bibliographic citation: Economic Crisis and the Fragility of Comparative Advantage in European Agriculture ; volume:67 ; number:3 ; year:2018 ; German journal of agricultural economics ; 67, Heft 3 (2018)

Contributors, Places and Time

• Creator: Bojnec, Štefan ; Fertő, Imre

Further information

• DOI: 10.52825/gjae.v67i3.2098
• URN: urn:nbn:de:101:1-2409251111017.998353231212
• Rights: Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.