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Prices in trade of the Czech republic with member countries of the European union

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  • Václav Nešvera
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    Abstract

    Empirical research on the differences between unit values in the EU's trade with the Czech Republic and the intra-EU average has shown a significant changes. The comparative level of manufacturing products imported from the Czech republic has increased, the comparative level of products exported to the Czech republic has decreased. The price-gaps, inherited from the communist regime have been substantially reduced. Most remarkable changes of the comparative prices took place in trade with products of metalworking industries. The favourable development of price relations in the Czech foreign trade has been an important element underlying balance of payments performance, it has contributed to the nominal and real improvements of Czech krown and shoud play an importent role in the process of convergence. The analysis is based on Eurostat Comext Database.

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    Bibliographic Info

    Article provided by University of Economics, Prague in its journal Politická ekonomie.

    Volume (Year): 2006 (2006)
    Issue (Month): 2 ()
    Pages: 214-226

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    Handle: RePEc:prg:jnlpol:v:2006:y:2006:i:2:id:554:p:214-226

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    Related research

    Keywords: convergence; competitiveness; integration; terms of trade; prices in international trade; unit values; international trade; comparative price level;

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