Finding high export potential goods in the target market – The future prospect of Polish exports to the United States
Abstract
One of the key tasks in economic policy is to properly identify industries and goods that have a high potential for sale in foreign markets to design the most effective supporting programs for exporters. The purpose of this paper is to define the tool for identifying the most promising industries in exports. For this aim, first, competitiveness evaluation is recognized on a basis of the revealed competitiveness index (RCA) by Ricardian trade theory. This is an examination of the supply side – the current export potential of a country and its competitiveness. Secondly, the demand side is examined. That part of the calculation model uses the data of import value and its dynamics. The empirical testing is conducted on a basis of Poland’s exports RCA and data imports to the United States in 2017-2021 at the 4-digit level. The model results indicate export from Poland to the US, which characterizes a high potential growth.
Keywords
International trade, export, RCA.
DOI
https://doi.org/10.18267/pr.2023.kre.2490.16
Cite this paper
Przeździecka, E. (2023). Finding high export potential goods in the target market – The future prospect of Polish exports to the United States. In: 23rd International Joint Conference Central and Eastern Europe in the Changing Business Environment: Proceedings. Vydavateľstvo EKONÓM, Bratislava. pp. 205-212. https://doi.org/10.18267/pr.2023.kre.2490.16