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The Role of Price and Cost Competitiveness for Intra- and Extra-Euro Area Trade of Euro Area Countries

Bobeica, Elena - 2016

This paper studies the importance of price and cost competitiveness for intra- and extra-euro area trade flows of euro area countries. A standard error correction framework shows that price competitiveness is a relatively more important driver of trade flows outside the euro area as compared to...

Persistent link: https://www.econbiz.de/10012984573

Measuring the Effectiveness of Cost and Price Competitiveness in External Rebalancing of Euro Area Countries : What Do Alternative HCIs Tell Us?

Christodoulopoulou, Styliani - 2014

This study examines the marginal effects of traditional determinants of exports and imports with a focus on the role of price competitiveness in restoring external balances. It is a first attempt to compare marginal effects of various harmonised competitiveness indicators (HCIs) on both exports...

Persistent link: https://www.econbiz.de/10013047096

Macroeconomic Effects of Carbon Transition Policies : An Assessment Based on the Ecb's New Area-Wide Model with a Disaggregated Energy Sector

Coenen, Günter; Priftis, Romanos; Lozej, Matija - 2023

We use scenario analysis to assess the macroeconomic eﬀects of carbon transition policies aimed at mitigating climate change. To this end, we employ a version of the ECB’s New Area-Wide Model (NAWM) augmented with a framework of disaggregated energy production and use, which distinguishes...

Persistent link: https://www.econbiz.de/10014354636

Feedback to the ECB's Monetary Analysis : The Bank of Russia's Experience with Some Key Tools

Ponomarenko, Alexey - 2012

banks given their specific institutional, economic and financial environment. We take the case of the Bank of Russia in …

Persistent link: https://www.econbiz.de/10013100833

Trade Integration of Central and Eastern European Countries : Lessons from a Gravity Model

Bussière, Matthieu; Fidrmuc, Jarko; Schnatz, Bernd - 2021

This paper analyses the rapid trade integration of the Central and Eastern European countries (CEEC's) with the euro area in the past ten years and draws implications for further integration. We use as benchmark an enhanced gravity model estimated for a large sample of bilateral trade flows...

Persistent link: https://www.econbiz.de/10013318195

Wage Structure Effects of International Trade : Evidence from a Small Open Economy

Du Caju, Philip; Rycx, François; Tojerow, Ilan - 2021

imports according to the country of origin. Looking at the export side, we find a positive effect of exports on the industry … wage premium. The results also show that import penetration from low–income countries has a significant and negative impact …

Persistent link: https://www.econbiz.de/10013316034

Imports and Profitability in the Euro Area Manufacturing Sector : The Role of Emerging Market Economies

Peltonen, Tuomo - 2008

The paper analyses the impact of import penetration on firms' profitability in 15 manufacturing industries in 10 euro … area countries during 1995-2004, focusing on the role of emerging market economies. Our results indicate that import … manufacturing sector, especially for imports coming from China and Russia. However, similar negative effects are also estimated for …

Persistent link: https://www.econbiz.de/10012771395

On Domestic Demand and Export Performance in the Euro Area Countries : Does Export Concentration Matter?

Soares Esteves, Paulo - 2016

different across euro area members. This paper uses panel data techniques to assess the role of the export structure in …

Persistent link: https://www.econbiz.de/10012988614

Exports and Domestic Demand Pressure : A Dynamic Panel Data Model for the Euro Area Countries

Bobeica, Elena - 2015

The paper investigates the link between domestic demand pressure and exports by considering an error correction dynamic panel model for eleven euro area countries over the last two decades. The results suggest that there is a statistically significant substitution effect between domestic and...

Persistent link: https://www.econbiz.de/10013024782

What Drives Export Market Shares? It Depends! An Empirical Analysis Using Bayesian Model Averaging

Osbat, Chiara - 2017

underlying export growth are receiving great attention, as countries struggle to grow out of the crisis by increasing exports and … investigate the drivers of export market shares of 25 EU countries, considering a wide range of traditional indicators along with … novel ones developed within the CompNet Competitiveness Research Network. We find that export market share growth is linked …

Persistent link: https://www.econbiz.de/10012950748