Declining export prices due to increased competition from NIC: Evidence from Germany and the CEEC

In this paper the export demand and supply of German manufacturing industry is estimated for the period 1993:1 through 2005:4. The Johansen (1991, 1994) procedure is applied to estimate the long-run relationship in a VECM. Special attention is pointed on the development of the German export price being exposed to the competitive environment of fast growing countries like Hungary, the Czech Republic and Poland. Since they offer similar high-technology products on international export markets and are gaining market share Germanys export price suffers downward pressure.

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Year of publication:	2007
Authors:	Gundel, Sebastian
Publisher:	Göttingen : University of Göttingen, Center for European, Governance and Economic Development Research (cege)
Subject:	Außenhandelspreis \| Industriegüteraußenhandel \| Preiswettbewerb \| Internationaler Wettbewerb \| Schätzung \| Deutschland \| Ungarn \| Tschechische Republik \| Schwellenländer \| manufactured exports \| new competition \| cointegration \| VECM

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Series:	cege Discussion Papers ; 63
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	52859432X [GVK] hdl:10419/31988 [Handle] RePEc:zbw:cegedp:63 [RePEc]
Classification:	C32 - Time-Series Models ; F10 - Trade. General ; F14 - Country and Industry Studies of Trade
Source:	EconStor

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