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sensitive to foreign activity. Germany has benefited from growth dynamics of trading partners and high income elasticities of … predicted export growth. Moreover, taking into account quantity and price effects caused by changes in the real exchange rate … the real exchange rate is the indicator to focus on in explaining German export success. …
Persistent link: https://www.econbiz.de/10011781876
-ins for monetary union with respect to Germany. Using tests for cointegration and common features for monthly data during the …
Persistent link: https://www.econbiz.de/10011474986
Persistent link: https://www.econbiz.de/10013261029
For spatial data with a sufficiently long time dimension, the concept of global cointegration has been recently … included in the econometrics research agenda. Global cointegration arises when non-stationary time series are cointegrated both … allows us to analyze the short- and long-run impacts of internationalization activities. For the long-run cointegration …
Persistent link: https://www.econbiz.de/10011535894
This paper aims to quantify the impact of nominal exchange rate volatility on nominal trade flows with a particular focus on the Czech Republic. The paper shows that the magnitude of the impact differs when a dynamic model is used instead of static model.
Persistent link: https://www.econbiz.de/10010235255
participation plays in this effect for 11 new European Union member states. Using heterogeneous panel cointegration methods, we …
Persistent link: https://www.econbiz.de/10012242810
exogenous to firms export performance. We find that innovation attributable to this variation leads to an increase of roughly 7 … percentage points in the export share of German manufacturing firms. The evidence is robust to several alternative specifications …
Persistent link: https://www.econbiz.de/10011402447
This paper analyzes the determinants of German exports to the euro area, which is by far the biggest market for German products. Four conditional error-correction models based on regionally disaggregated data are developed. One specification includes EMU industrial production and a real external...
Persistent link: https://www.econbiz.de/10003744525
effect of globalization is often neglected leading to implausibly high income elasticities. This paper models export demand … vector error correction model is the appropriate econometric framework. Using the Johansen procedure, two cointegration … relationships are found and identified as export supply and demand. Overidentifying restrictions derived from economic theory are …
Persistent link: https://www.econbiz.de/10011474729
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