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 crisis and the duration of a period after-crisis reduce, and a period after-crisis and crisis-duration increase the growth of comparative advantage. These results are relevant for EU agri-food exporting countries, as the fragility of comparative advantage is found to be driven by both endogenous factors and the exogenous macro-economic-related shock of economic crisis. Exit from economic crisis and product differentiation have strengthened the comparative advantage of EU-28 member states in terms of differentiated agri-food product varieties for final consumption.
Venue: MTA HTK 1097 Budapest Tóth Kálmán u. 4. fszt. K0.11-12 Attila LINDNER – Balázs MURAKÖZY – Balázs REIZER Skill-Biased Innovation Activities: Evidence from Hungarian Firms This paper investigates the consequences of innovation activities. We exploit a ... Details »
Venue: MTA HTK 1097 Budapest Tóth Kálmán u. 4. fszt. K0.11-12 István KÓNYA, Judit KREKÓ, Gábor OBLATH Labor shares in the EU sectoral effects and the role of relative prices The paper studies the labor ... Details »
Venue: MTA HTK 1097 Budapest Tóth Kálmán u. 4. fszt. K0.11-12 Róbert SOMOGYI: Prioritization vs Zero-rating: Discrimination on the Internet Abstract: This paper analyzes two business practices on the mobile internet market, paid prioritization and zero-rating. ... Details »
Learning to save in a voluntary pension system: toward an agent-based model by András SIMONOVITS and Balázs KIRÁLY was published in Journal of Economic ... Details »
Ambient temperature and sexual activity: Evidence from time use surveys by Tamás HAJDU and Gábor HAJDU was published in Demographic Research. Abstract Background: Previous ... Details »
“Inter-Ethnic Friendship and Hostility between Roma and Non-Roma Students in Hungary: The Role of Exposure and Academic Achievement” by Tamás HAJDU, Gábor KERTESI and ... Details »