Challenges of industrial export and its role in the Slovak economy

dc.contributor.authorCíba, Patrik
dc.contributor.authorŠišková, Michaela
dc.contributor.authorQineti, Artan
dc.date.accessioned2025-02-12T08:54:40Z
dc.date.available2025-02-12T08:54:40Z
dc.date.issued2024
dc.description.abstract-translatedThis article explores the role of industrial exports in shaping Slovakia's economy, focusing on the dominance of machinery, mechanical appliances, and transport equipment in the export structure. It examines the challenges posed by reliance on foreign markets, low diversification, and global competition. The study utilizes hierarchical clustering to analyze export data from 2010 to 2023, sourced from the Statistical Office of the Slovak Republic, employing Ward’s method and Euclidean distance to group export sectors based on trade volumes. Results reveal six clusters that highlight the varying dynamics of heavy industrial sectors and specialized export categories. The findings show that while Slovakia benefits from its strong industrial export base, its heavy dependence on price competitiveness and limited product diversification present long-term vulnerabilities. It concludes that strategic industrial modernization and diversification are vital for maintaining Slovakia's competitiveness and ensuring the resilience of its export sector in an increasingly globalized economy.en
dc.description.sponsorshipThis article has been supported by the Slovak Research and Development Agency under the contract APVV-21-0174: “Rural development and agricultural employment: the role of policies, globalization and climate changes.”en
dc.format8 s.cs
dc.format.mimetypeapplication/pdf
dc.identifier.isbn978-80-261-1270-9
dc.identifier.urihttp://hdl.handle.net/11025/58224
dc.language.isoenen
dc.publisherFaculty of Economics University of West Bohemiaen
dc.rights© Authors of papersen
dc.rights.accessopenAccessen
dc.subjectprůmyslcs
dc.subjectSlovenskocs
dc.subjectzaměstnanostcs
dc.subjectzahraniční obchodcs
dc.subjectexportcs
dc.subject.translatedindustryen
dc.subject.translatedSlovakiaen
dc.subject.translatedemploymenten
dc.subject.translatedforeign tradeen
dc.subject.translatedexporten
dc.titleChallenges of industrial export and its role in the Slovak economyen
dc.typekonferenční příspěvekcs
dc.typeconferenceObjecten
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
local.files.count2*
local.files.size556227*
local.has.filesyes*

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