Key Factors of Foreign Trade Competitiveness: Comparison of the EU and BRICS by Multivariate Methods.

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F16%3A86094422" target="_blank" >RIV/61989100:27510/16:86094422 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.1556/204.2016.38.3.1" target="_blank" >http://dx.doi.org/10.1556/204.2016.38.3.1</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1556/204.2016.38.3.1" target="_blank" >10.1556/204.2016.38.3.1</a>

Result language

angličtina

Original language name

Key Factors of Foreign Trade Competitiveness: Comparison of the EU and BRICS by Multivariate Methods.

Original language description

International competitiveness is influenced by globalization processes in the world economy in recent decades. This process changes the comparative advantages of each country and the share of individual countries in world trade is transformed. BRICS countries strength quickly its influence in international trade, and thus the European Union must face new pressure in competitiveness from their side. The aim of this paper is to define key factors of foreign trade competitiveness of evaluated economies by an application of factor analysis and identify countries with similar characteristics of competitiveness factors by an application of cluster analysis. Factor and cluster analysis contain indicators of foreign trade which describe driving forces of competitiveness, also in terms of long-term potentiality, and those which are direct or indirect outcomes of a competitive society and economy. Based on factor analysis results, it is possible to classify evaluated territories according to the level of foreign trade advancement by cluster analysis.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Society and Economy

ISSN

1588-9726

e-ISSN

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Volume of the periodical

38

Issue of the periodical within the volume

3

Country of publishing house

HU - HUNGARY

Number of pages

23

Pages from-to

295-317

UT code for WoS article

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EID of the result in the Scopus database

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