Showing 1 - 10 of 622
This paper studies the importance of price and cost competitiveness for intra- and extra-euro area trade flows of euro area countries. A standard error correction framework shows that price competitiveness is a relatively more important driver of trade flows outside the euro area as compared to...
Persistent link: https://www.econbiz.de/10012984573
This study examines the marginal effects of traditional determinants of exports and imports with a focus on the role of price competitiveness in restoring external balances. It is a first attempt to compare marginal effects of various harmonised competitiveness indicators (HCIs) on both exports...
Persistent link: https://www.econbiz.de/10013047096
This paper analyses the rapid trade integration of the Central and Eastern European countries (CEEC's) with the euro area in the past ten years and draws implications for further integration. We use as benchmark an enhanced gravity model estimated for a large sample of bilateral trade flows...
Persistent link: https://www.econbiz.de/10013318195
In this paper, we evaluate the first-stage pass-through, namely the responsiveness of import prices to the exchange … conduct a sectoral analysis using disaggregated import prices data. We find a much higher degree of pass-through for more … a dynamic panel-data model, our estimates indicate that decline of import-price sensitivity to the exchange rate is not …
Persistent link: https://www.econbiz.de/10011611289
model for six euro area countries suggests domestic demand and capacity constraints as additional variables for export … developments are relevant for short-run export dynamics particularly during more extreme stages of the business cycle. A …
Persistent link: https://www.econbiz.de/10011300368
The paper investigates the link between domestic demand pressure and exports by considering an error correction dynamic panel model for eleven euro area countries over the last two decades. The results suggest that there is a statistically significant substitution effect between domestic and...
Persistent link: https://www.econbiz.de/10013024782
different across euro area members. This paper uses panel data techniques to assess the role of the export structure in …
Persistent link: https://www.econbiz.de/10012988614
This paper argues that, under certain conditions, firms consider export activity as a substitute of serving domestic … restrictions as additional variables of a properly specified export equation. As an innovation to the literature, we assess the …
Persistent link: https://www.econbiz.de/10013031989
export market and vice versa takes place in a smooth manner. Areas of weak reaction of exports to changes in domestic demand … constraints as additional variables for export equations. We apply the exponential and logistic variant of a smooth transition … regression model and find that domestic demand developments and uncertainty are relevant for short-run export dynamics …
Persistent link: https://www.econbiz.de/10011718600
Using annual bilateral data over the period 1988-2011 for a panel of 24 industrialised and emerging economies, we analyse in a time-varying framework the determinants of output synchronisation in EMU (European Monetary Union) distinguishing between core and peripheral member states. The results...
Persistent link: https://www.econbiz.de/10009724042