ANALYSIS OF FOREIGN TRADE IN SELECTED MANUFACTURING INDUSTRY COMMODITIES

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

ANALYSIS OF FOREIGN TRADE IN SELECTED MANUFACTURING INDUSTRY COMMODITIES

Popis výsledku v původním jazyce

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&apos;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.

Název v anglickém jazyce

ANALYSIS OF FOREIGN TRADE IN SELECTED MANUFACTURING INDUSTRY COMMODITIES

Popis výsledku anglicky

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&apos;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.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2021

Kód důvěrnosti údajů

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

Název statě ve sborníku

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

—

Počet stran výsledku

6

Strana od-do

1330-1335

Název nakladatele

Tanger

Místo vydání

Ostrava

Místo konání akce

Brno

Datum konání akce

26. 5. 2021

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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