cointegration between the nominal exchange rate and the relative prices. In particular, the Argentinean RER appears to be trend …

1968 to 2005. The bounds testing approach to cointegration is conducted to establish the existence of a long …

conventional residual-based cointegration tests employed fail to identify any meaningful long run relationship in both functions …, the Gregory- Hansen structural break cointegration approach confirms the cointegration relationships despite the …

deciding about the final location of the investment. Analysis of Hungary is supplemented with a comparison with the other three …Hungary is increasingly appearing on the map of trade in services. This is mainly due to the appearance of foreign … extent of Hungary's participation in the international division of labour in services. Moreover, lack of data hinders the …

Union. At the same time, developments in the target countries of relocation are less widely discussed. Hungary, with other … Hungary for the eight-year period between 2003 and 2010. We analyse this database and compare the results with those of the …

investment and a relationship between trade and exchange rate volatility that depend on the sign of bilateral trade balances … Hungary. …