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Une analyse de la compétitivité-prix des PTM et des PECO face à la Zone Euro
[The price competitiveness vis-à-vis the eurozone: A comparison of MENA countries and CEECs]

Author

Listed:
  • Bouoiyour, Jamal
  • Rey, Serge

Abstract

Europe is the natural space for the integration of the Middle East and North Africa countries (MENA) and the Central and Eastern Europe Countries (CEEC). By their small economic size, these countries revolve around the European pole with which they perform the bulk of their trade. The competitiveness becomes even tougher with the progress of the liberalization and the reintegration of CEECs into the European space. In this work, we compare the price competitiveness between six MENA countries (Algeria, Egypt, Israel, Morocco, Tunisia and Turkey) and five CEECs (Bulgaria, Hungary, Poland, Romania and Czech Republic), vis-à-vis the eurozone, over the period 1970-1998 (quarterly data). For this, we proceed with measures of real effective exchange rates and a statistical study of these rates. We show that, vis-à-vis the euro area, the MENA countries are more price competitive than CEECs. This raises the question of exchange rate policies.

Suggested Citation

  • Bouoiyour, Jamal & Rey, Serge, 1999. "Une analyse de la compétitivité-prix des PTM et des PECO face à la Zone Euro [The price competitiveness vis-à-vis the eurozone: A comparison of MENA countries and CEECs]," MPRA Paper 30713, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:30713
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    References listed on IDEAS

    as
    1. Lawrence H. Officer, 1982. "The Relationship Between the Absolute and the Relative PPP Theory of Cassel," History of Political Economy, Duke University Press, vol. 14(2), pages 251-255, Summer.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    MENA; CEEC; real effective exchange rate; unit root; exchange rate policy;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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