Authors: Š. Bojnec and I. Fertő 1
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  • 1 Hungarian Academy of Sciences Institute of Economics Budaörsi u. 45 H-1112 Budapest Hungary
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This paper investigates trade balances and unit values focusing on Hungarian-Slovenian bilateral agri-food trade flows to distinguish types of one-way and two-way trade flows, categories of price competition and categories of quality competition. We combine Gehlhar — Pick’s (GP) (2002) procedure of four trade categories with knowledge from literature on intra-industry trade (IIT) to disentangle one-way trade, which can be significant when trade between two countries is imbalanced, from two-way matched trade flows with unit values as proxies for price. By comparing the empirical results obtained using the additional categories of one-way trade and disentangled IIT types in two-way matched trade by product was found that GP’s two price and two quality competition categories and IIT types complement each other. The decomposition of GP non-price competition categories on quality competition and one-way trade illustrates that one-way trade is the most significant component of agri-food trade between Hungary and Slovenia, a finding relevant for agri-food trade of several small countries. One-way trade cannot be associated by the simultaneous export and import unit values by the product, but by some other factors of trade specialisation and comparative trade advantages of relevance for public policy makers and private business.

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Senior editors

Editor(s)-in-Chief: Prof. Dr. Mihályi, Péter

Editor(s): Ványai, Judit

Editorial Board

  • Ádám Török (Chairman) / University of Pannonia; Budapest University of Technology and Economics
  • Edina Berlinger / Corvinus University of Budapest, Department of Finance
  • Beáta Farkas / Faculty of Economics and Business Administration, University of Szeged
  • Péter Halmai / Budapest University of Technology and Economics; National University of Public Service
  • István Kónya / Institute of Economics Centre for Regional and Economic Studies, University of Pécs
  • János Köllő / Institute of Economics Centre for Regional and Economic Studies
  • István Magas / Corvinus University of Budapest, Department of World Economy; University of Physical Education, Department. of Sports and Decision Sciences
 

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  • Ǻslund, Anders, Institute of International Economics, Washington (USA)
  • Kolodko, Grzegorz, Kozminski University, Warsaw (Poland)
  • Mau, Vladimir, Academy of National Economy (Russia)
  • Messerlin, Patrick A, Groupe d’Economie Mondiale (France)
  • Saul Estrin, London School of Economics (UK)
  • Wagener, Hans-Jürgen, Europa Universität Viadrina (Germany)

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary

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Acta Oeconomica
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Acta Oeconomica
Language English
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Founder Magyar Tudományos Akadémia
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ISSN 0001-6373 (Print)
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