Publication details
Factors of Czech market share growth in European Union
| Authors | |
|---|---|
| Year of publication | 2015 |
| Type | Article in Proceedings |
| Conference | Proceedings of 33rd International Conference Mathematical Methods in Economics 2015 |
| MU Faculty or unit | |
| Citation | |
| Web | Conference Proceedings |
| Field | Economy |
| Keywords | Constant Market Share Analysis; Czech Republic; Competitiveness |
| Description | As the Czech Republic is continuously improving it´s market position in European Union,an interesting question arises. What are the forces behind its raising market share? This paper provides a decomposition of Czech market share growth to competitiveness and structural effects with aim to quantify the contribution of individual effects to its increasing market share in European Union. We use Constant Market Shares analysis, using both analytical and econometric approach. The analysis is executed on 25 member states of European Union. Time series consist of yearly observation on country-level imports from Czech Republic and European Union, from 1999 to 2014. We follow a model using Törnqvist index systems with symmetric weights. The results suggest that the Czech Republic’s increasing portion in European Union’s imports can be attributed mainly to improvements in its competitiveness and partially to geographical distribution of its exports. Commodity composition of the exports has generally negative effect. these outcomes are verified by econometric version of the analysis applying weighted OLS with fixed effects. |
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