Country-specific determinants of intra-industry trade in pharmaceuticals: the case of Poland and its European Union partners

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dc.contributor.authorŁapińska, Justyna
dc.contributor.authorMeluzínová, Jana
dc.contributor.authorUhman, Jiří
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2019-06-15T15:51:01Z
dc.date.available2019-06-15T15:51:01Z
dc.description.abstractTrade cooperation between European Union countries is based mainly on intra-industry trade, consisting in the simultaneous import and export of similar products belonging to the same industry (commodity group).en
dc.description.abstractThe present study has investigated the country-specific determinants of intra-industry trade between Poland and its European Union trading partners in pharmaceutical products during the time period 2004-2016. To this end, an econometric model for panel data was constructed.en
dc.description.abstractThe research shows that the intensity of intra-industry trade in Poland-EU trade in pharmaceuticals is determined by several key factors. The intensity of trade with particular EU countries and the size of general government expenditure on health in the countries of trading partners have a positive impact on the development of this type of exchange. A factor that significantly and simultaneously affects the intensity of intra-industry trade is the degree of imbalance in the trade balance in pharmaceutical products with individual trading partners.en
dc.description.abstractThe development of intra-industry trade is also limited by factors related to the level of economic development of trading partners. The study confirmed that the greater the differences in the level of GDP per capita between Poland and the trading partner, the less intense intra-industry trade. Also, the growth of GDP per capita in the countries of trade partners is not conducive to the development of intra-industry trade in Poland’s trade in pharmaceuticals. The direction of the impact of this variable (GDP per capita) on the intensity of two-way trade obtained in this study does not confirm the predictions of the theory of intra-industry trade. However, the negative impact of this factor can be explained by the specificity of pharmaceutical products that are purchased by consumers generally only in justified situations resulting from health or life protection.en
dc.formattext
dc.identifier.doi10.15240/tul/001/2019-2-013
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/152604
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectintra-industry tradeen
dc.subjectpharmaceutical productsen
dc.subjectPolanden
dc.subjectEuropean Unionen
dc.subject.classificationF12
dc.subject.classificationF14
dc.titleCountry-specific determinants of intra-industry trade in pharmaceuticals: the case of Poland and its European Union partnersen
dc.typeArticleen
local.accessopen
local.citation.epage202
local.citation.spage188
local.facultyFaculty of Economics
local.filenameEM_2_2019_13
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue2
local.relation.volume22
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