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, the share of exports in total sales, the number of countries exported to, and the participation in import. The big picture …
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The attempt is to explain EMU exports and imports, treating the euro area as one single economy. EMU trade is analysed … different pattern. Therefore, a separate estimation seems preferable. This is especially true for exports. For imports, the … are quite similar to those for extra-EMU exports and the equations for aggregate EMU imports resemble those for extra …
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