Application of Decision Support Model on Czech exports
| Author(s): | PhDr. Mgr. Jana Gutiérrez Chvalkovská , Matej Urban † prof. Ing. Michal Mejstřík CSc., Matej Urban |
|---|---|
| Type: | Articles in refereed journals |
| Year: | 2014 |
| Number: | 2 |
| ISSN / ISBN: | ISSN 05723043 |
| Published in: | Acta Oeconomica Pragensis VŠE Praha |
| Publishing place: | Prague |
| Keywords: | export, export decision support model, index of export opportunities, export strategy, simulation, calibration |
| JEL codes: | F13, F14 |
| Suggested Citation: | Acta Oeconomica Pragensis 2, 2014 |
| Grants: | GACR 403/10/1235 (2010-2014) Institutional Responses to Financial Market Failures TAČR TD010137 System of evaluation of competitiveness of goods and services |
| Abstract: | In this paper we present our own modification of the Export Decision Support Model (EDSM) and its application on evaluation of export opportunities for Czech companies. The main objective of the model is to identify export opportunities which might help to target export promotion policy of the Czech Republic. The methodology of EDSM is based on sequential elimination of less interesting markets. We have amended and calibrated the EDSM for the Czech Republic and created a new variable - our Index of Export Opportunities - which classifies markets depending on their suitability for export. Calibration was performed on data sample covering global trade data from 2006 until 2012. The results of the model have been used as a tool for evidence-based export promotion policy in the Czech Republic. The results were tested by the real foreign demand for Czech products in specific industries and importing countries based on information from Czech embassies and trade promotion organizations. |
