1.

Record Nr.

UNINA9910463999103321

Autore

Allard Céline

Titolo

Competitiveness in Central-Europe [[electronic resource] ] : what has happened since EU accession? / / prepared by Céline Allard

Pubbl/distr/stampa

[Washington D.C.], : International Monetary Fund, 2009

ISBN

1-4623-5072-0

1-4527-7933-3

9786612843358

1-4518-7268-2

1-282-84335-4

Descrizione fisica

1 online resource (24 p.)

Collana

IMF working paper ; ; WP/09/121

Soggetti

Finance - European Union countries

Competition, International

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. Developments in Key Determinants of Trade; Tables; 1. Contribution of Net Exports to GDP Growth, 2002-07; 2. Trade Balance, 2002-07; 3. Real Effective Exchange Rate Based on ULCs, 2002-07; Figures; 1. Export Competitiveness Indicators, 1995-2007; 2. Foreign Direct Investment Stock, 2002-07; 3. Growth Rate of World Demand, 2002-07; III. Econometric Analysis; 4. Geographic Orientation of Exports, 2002-07; 4. Growth Rate of Domestic Demand, 2002-07; 5. Accounting for Export and Import Growth, 2002-07; 5. Long-Term Elasticities Related to Nonprice Competitiveness

6. Long-Term Elasticities to Price Competitiveness Indicators7. Cumulative Growth and Contribution of Trade Determinants, 2002-07; IV. Conclusion; 6. Dynamic Contributions to Export and Imports, 2002-07; Appendices; I. Data Sources; II. Error-Correction Model for Trade Equations and Cointegration Tests; III. Principle of Dynamic Contributions; References

Sommario/riassunto

Since EU accession, trade flows have exhibited strong dynamics in Central-Eastern Europe (CEE). During the period leading to the current



global turmoil, the region has also experienced continuous exchange rate appreciation and rapid FDI inflows, both likely to have affected these countries' competitiveness. This paper describes how the determinants of exports and imports have evolved in CEE countries over 2002-07 and econometrically derives their contribution to trade, with a view to assessing competitiveness developments. The analysis reveals that the global and domestic upswings, along with