The Impact of Euro Adoption on Export Performance: Comparison of the Czech Republic and Slovakia

Oliver Polyak
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Oliver Polyak: Institute of Economic Studies, Faculty of Social Sciences, Charles University, Prague, Czech Republic

No 2014/04, Working Papers IES from Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies

Abstract: The present paper is focused on the impact of introducing the common European currency on export performance. There has been a lot written about the possible effects of euro adoption on economies of the first eurozone participants. The contribution of this research is that we explore the impact of euro introduction on Slovakia, in comparison to the Czech Republic which still uses its own national currency. Our findings suggest that the export performance and other export-related indicators evolved largely in parallel in both countries. Positive trade effects brought about by the introduction of the euro are rather moderate – up to 5%. The results to some extent do confirm the existence of the so called ‘Rose effect’ – the effect that two countries sharing the same currency trade more than they would otherwise.

Keywords: competitiveness; euro adoption; export; Czech Republic; Slovakia (search for similar items in EconPapers)
JEL-codes: F14 F15 (search for similar items in EconPapers)
Pages: 28pages
Date: 2014-02, Revised 2014-02
New Economics Papers: this item is included in nep-eec, nep-int and nep-tra
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