engleski

Comparison of import and export dependence of Croatia and Poland in period from 1994 to 2016

In this paper export and import dependence for Croatia and Poland are calculated and compared for the years from 1994 to 2016. Trade dependence refers to dependency on imports from and exports to abroad. It is preferable for country to have lower values of trade dependence, otherwise it can experience economic vulnerability on external shocks. Concentration levels are measured by using concentration ratio and Herfindahl‐Hirschman’s concentration index. Results of the analysis has shown that Croatia and Poland are highly dependent on its most important export and import trading partners with concentration ratio higher than 0.5 in the observed period. If total concentration levels are observed including all trading partners, export and import concentration leves in Croatia and Poland can be treated as low. Methodology and framework constructed in this paper can be applied in estimating trade dependence for other individual countries or group of countries.

export and import dependence ; concentration measures ; Croatia and Poland

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