05128oam 22009854 450 991081202110332120240402051252.01-4623-5072-01-4527-7933-397866128433581-4518-7268-21-282-84335-4(CKB)3170000000055275(EBL)1608308(SSID)ssj0001474456(PQKBManifestationID)11803734(PQKBTitleCode)TC0001474456(PQKBWorkID)11471216(PQKB)10056103(OCoLC)680613558(MiAaPQ)EBC1608308(IMF)WPIEE2009121(EXLCZ)99317000000005527520020129d2009 uf 0engur|n|---|||||txtccrCompetitiveness in Central-Europe : What Has Happened Since EU Accession? /Céline Allard1st ed.Washington, D.C. :International Monetary Fund,2009.1 online resource (24 p.)IMF Working PapersDescription based upon print version of record.1-4519-1697-3 Includes bibliographical references.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 Competitiveness6. 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; ReferencesSince 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 rising trade market shares, go a long way toward accounting for trade developments in CEE countries until 2007, pointing to continuous nonprice competitiveness gains. It also finds that exchange rate appreciation did not unduly weigh on export and import growth, suggesting that most of it reflected an upward movement in its equilibrium value. While the region entered the current period of global slowdown from a strong competitiveness position, the crisis also exposed the vulnerability of its heavy reliance on global demand to a trade shock.IMF Working Papers; Working Paper ;No. 2009/121FinanceEuropean Union countriesCompetition, InternationalExports and ImportsimfFinance: GeneralimfTrade: GeneralimfGeneral Financial Markets: General (includes Measurement and Data)imfEmpirical Studies of TradeimfInternational InvestmentimfLong-term Capital MovementsimfInternational economicsimfFinanceimfExportsimfCompetitionimfImportsimfTrade balanceimfForeign direct investmentimfBalance of tradeimfInvestments, ForeignimfCzech RepublicimfFinanceCompetition, International.Exports and ImportsFinance: GeneralTrade: GeneralGeneral Financial Markets: General (includes Measurement and Data)Empirical Studies of TradeInternational InvestmentLong-term Capital MovementsInternational economicsFinanceExportsCompetitionImportsTrade balanceForeign direct investmentBalance of tradeInvestments, Foreign332.152Allard Céline1643714DcWaIMFBOOK9910812021103321Competitiveness in Central-Europe3989148UNINA