Determining Factors of Czech Foreign Trade: A Cross-Section Time Series Perspective
AbstractBy quantifying the determining factors of Czech trade during 1993-2002, this paper enriches the empirical trade literature with evidence from an economy that has undergone intensive structural changes. Our findings lend significance to standard macroeconomic variables such as aggregate demand and the real exchange rate. Apart from these, however, liberalisation of tariffs, the evolution of unit prices of exports and imports, and economies of scale also played a significant role. An out-of-sample forecast for the trade balance was carried out for 2003-2004.
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Bibliographic InfoPaper provided by Czech National Bank, Research Department in its series Working Papers with number 2005/03.
Date of creation: Nov 2005
Date of revision:
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More information through EDIRC
Dynamic estimation; export and import dynamics; trade determinants.;
Find related papers by JEL classification:
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Longitudinal Data; Spatial Time Series
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-06-10 (All new papers)
- NEP-FOR-2006-06-10 (Forecasting)
- NEP-INT-2006-06-10 (International Trade)
- NEP-TRA-2006-06-10 (Transition Economics)
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