Before the millennium Hungary’s market share in exports of goods was increasing at the fastest rate in Central and Eastern Europe; however, after 2000 that growth became the lowest. The slowdown in growth in Hungary’s export market share is mainly due to the stagnating price index of goods exports. The aim of this paper is to examine whether this process was caused by reaching an equilibrium or structural factors. In the paper the exports of goods structure (by product, country, technology, skill and intensity), the relationship between export specialisation and export price indices, and the role of import demand in specialisation are examined for the Visegrad Group and Romania in the periods 1995–1999 and 2000–2007. The results imply that the stagnation of Hungarian goods export prices is partly natural and partly brought about by structural factors.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by Magyar Nemzeti Bank (The Central Bank of Hungary) in its series MNB Occasional Papers with number
2009/81.
Find related papers by JEL classification: F10 - International Economics - - Trade - - - General F14 - International Economics - - Trade - - - Country and Industry Studies of Trade F15 - International Economics - - Trade - - - Economic Integration
This paper has been announced in the following NEP Reports: