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Export Competitiveness of Croatia's High and Medium-High Technology Sector

High and medium-high technology sectors contribute to growth by changing the key factors of success in the global economy. Those sectors have now emerged as key sources of wealth generation as opposed to resource-based industries that dominated the twentieth century. Existing studies on high and medium-high technology sectors indicate that they have higher growth rates than economies. Moreover, their share rapidly increased in domestic and international trade as well. High and medium-high technology sectors are characterized by a high degree of capital and R&D activities which make them top exporters in most economies. The main aim of this article is to explore and explain the crucial role of Croatia’s high and medium-high technology industry, along with the analysis of comparative advantages and overall export competitiveness on the basis of chemical industry. The methodology of the paper is based on applying indicators of comparative advantages, industry trade, and export competitiveness.

Export competitiveness, High and medium- high technology industry, Comparative advantages

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