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

Juan Cuestas

No 2019/07, Working Papers from Economics Department, Universitat Jaume I, Castellón (Spain)

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.

Keywords: real exchange rates; Central and Eastern Europe; structural breaks; European integration (search for similar items in EconPapers)
JEL-codes: C22 F15 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2019
New Economics Papers: this item is included in nep-eec and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: On the evolution of competitiveness in Central and Eastern Europe: Is it broken? (2024)
Working Paper: On the evolution of competitiveness in Central and Eastern Europe: is it broken? (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:jau:wpaper:2019/07

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