IDEAS home Printed from https://ideas.repec.org/p/eea/boewps/wp2019-07.html

On the evolution of competitiveness in Central and Eastern Europe: is it broken?

Author

Listed:
  • Juan Carlos Cuestas

Abstract

In this paper we aim to analyse the evolution of the real exchange rate (RER) as a measure of competitiveness for a group of Central and Eastern European countries. To do so, we apply unit root tests with breaks and estimate equations with structural breaks. The results show that even though RERs have become flatter, which means less competitiveness is lost against main trading partners, they have become less mean reverting, meaning that shocks now tend to have longer effects. Policy conclusions are derived from this analysis

Suggested Citation

  • Juan Carlos Cuestas, 2019. "On the evolution of competitiveness in Central and Eastern Europe: is it broken?," Bank of Estonia Working Papers wp2019-07, Bank of Estonia, revised 29 Oct 2019.
    • Handle: RePEc:eea:boewps:wp2019-07
    DOI: 0.23656/25045520/072019/0169
    as

    Download full text from publisher

    File URL: http://dx.doi.org/0.23656/25045520/072019/0169
    Download Restriction: no
    File URL: https://libkey.io/0.23656/25045520/072019/0169?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Juan Carlos Cuestas, 2019. "Quantile regressions, asymmetric adjustment and crisis: the case of EU real exchange rates," Working Papers 2019/09, Economics Department, Universitat Jaume I, Castellón (Spain).

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • F15 - International Economics - - Trade - - - Economic Integration

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eea:boewps:wp2019-07. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peeter Luikmel (email available below). General contact details of provider: https://edirc.repec.org/data/epgovee.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.