ANALYSIS OF COMPARATIVE ADVANTAGES OF AGROINDUSTRY SECTOR OF REPUBLIC SRPSKA
One of the key macroeconomic indicators for determining the contribution of agriculture to overall economic development of country is foreign trade in agricultural products. The aim of this paper consists in analyzing the position of the agro?industry of Republic Srpska in international trade for the period 2004?2011. The analysis of the position of the agro?industry of the Republic of Srpska in t he international market is made on the basis of comparative advantages in relation to the CEFTA countries. The comparative advantages of the agro?industry are analyzed through the use oRCA indicators. The research results show a significant loss of comparative advantage of the agro?industry of the Republic of Srpska.