ANALYSIS OF FOREIGN TRADE IN SELECTED MANUFACTURING INDUSTRY COMMODITIES
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27360%2F21%3A10249293" target="_blank" >RIV/61989100:27360/21:10249293 - isvavai.cz</a>
Result on the web
<a href="https://www.confer.cz/metal/2021/read/4289-export-competitiveness-of-czech-industrial-companies.pdf" target="_blank" >https://www.confer.cz/metal/2021/read/4289-export-competitiveness-of-czech-industrial-companies.pdf</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.37904/metal.2021.4289" target="_blank" >10.37904/metal.2021.4289</a>
Alternative languages
Result language
angličtina
Original language name
ANALYSIS OF FOREIGN TRADE IN SELECTED MANUFACTURING INDUSTRY COMMODITIES
Original language description
Export oriented companies are extremely important for the Czech Republic as a highly open economy. These companies contribute to the generation of GDP and ensure that the current account on its balance of payments remains balanced. International trade is currently enjoying rapid growth because most trading subjects are aware of the importance of developing international activities which aim to sell products on foreign markets. This high sectoral concentration of Czech exporters along with a significant territorial export orientation primarily towards EU states means the Czech Republic is highly vulnerable to fluctuations and economic disturbances on foreign markets. The research investigates application of the gravity model of foreign trade on selected branches of the manufacturing industry and identifies significant factors which affect trade flow. The main aim of the research was to determine statistically significant export variables and generally confirm the suitability of using the gravity model equation as a tool for analysing trade flow and discovering trade potential. Part of the research involved compiling a basic modified export gravity model of foreign trade. This model allows identification of the statistically significant explanatory variables which fundamentally affect the Czech Republic's exports. The paper presents this model and the outputs which relate to selected commodities produced by the manufacturing industry, such as basic metals, coke and oil products, chemical substances and preparations, etc. (C) 2021 TANGER Ltd., Ostrava.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
METAL 2021 : conference proceedings : 30th Anniversary International Conference on Metallurgy and Materials : May 26 - 28, 2021, Brno, Czech Republic, EU
ISBN
978-80-87294-99-4
ISSN
2694-9296
e-ISSN
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Number of pages
6
Pages from-to
1330-1335
Publisher name
Tanger
Place of publication
Ostrava
Event location
Brno
Event date
May 26, 2021
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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