BULGARIAS PROCESSED FOOD INDUSTRY – TRANSITION TO MARKET ECONOMY

Svetlana Ignjatijević; Antoaneta Vassileva; Jelena Vapa Tankosić; Bojan Vapa; Kristijan Ristic; Milan Mihajlović

doi:10.5937/ekoPolj2101229I

Authors

Svetlana Ignjatijević Faculty of Economics and Engineering Management in Novi Sad http://orcid.org/0000-0002-9578-3823
Antoaneta Vassileva Faculty of International Economics and Politics, University of National and World Economy, Sofa http://orcid.org/0000-0002-5861-641X
Jelena Vapa Tankosić Faculty of Economics and Engineering Management in Novi Sad http://orcid.org/0000-0001-8062-1154
Bojan Vapa Academy for Business Economics, Čačak http://orcid.org/0000-0002-8528-7957
Kristijan Ristic Faculty of Business and Low, Union – Nikola Tesla University, Beograd http://orcid.org/0000-0001-8907-1304
Milan Mihajlović Modern business school Belgrade http://orcid.org/0000-0002-1285-0403

DOI:

https://doi.org/10.5937/ekoPolj2101229I

Keywords:

processed food sector, comparative advantage, Balassa RCA index, Grubel– Lloyd index, Bulgaria

Abstract

The subject of the research is the analysis of the competitiveness and comparative advantage of the agricultural products and processed food products of Bulgaria on the international market. The study covers the period from 1998 to 2017. In order to measure the level of comparative advantage of the export and the degree of specialization in international trade RCA and GL indices have been used. The aim of or research was to identify products that have previously before the EU accession had, and still have, export potential. That is, the objective was to point the trend of changes in the foreign trade of processed food sector in the period before and after the EU accession in 2007. The results indicate that after joining the EU Bulgaria has changed its foreign trade structure. The decrease of exports and increase of imports of processed food sector products requires a comprehensive export strategy in order to strengthen its competitiveness.

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