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Identifying revealed comparative advantages (RCAs) in an EU regional context
Client/Funding Institution
European Commission, DG Enterprise and Industry
Abstract
EU Cohesion Policy sets a framework to reduce differences between regions and to ensure growth across Europe. For regional policy strategies to be effective, and for an efficient use of the available funds, it is crucial to analyse in detail the assets each region is endowed with, the technologies available, and the business connections among different regions. Against this background, the study evaluated EU regions' international competitiveness on the basis of their Revealed Comparative Advantage (RCA), complemented by additional trade indicators such as trade balances or export specialisation and a series of regional and sectoral characteristics such as skill supply, R&D and patents. Subsequently, the best and worst performing regions were analysed to identify best-practice examples for regional strategies and specific policy approaches. For this study, wiiw developed a model to consistently estimate foreign trade flows (export and imports) at the NUTS-2 regional level.
Duration
February 2014 - December 2015
wiiw team Leader
wiiw Staff
Project Partners
NIW
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Keywords: EU Cohesion Policy, regional economics, regional policy, revealed comparative advantage, RCA, trade, export specialisation, skill supply, R&D, patents, foreign trade flows
Countries covered: EU28
Research Areas: Regional Development