Competitiveness and export performance of CEE countries

Beata Bierut and Kamila Kuziemska-Pawlak

No 248, NBP Working Papers from Narodowy Bank Polski

Abstract: Over the last two decades the share of CEE countries’ exports of goods in world exports more than doubled, despite considerable appreciation of their real effective exchange rates. Inspired by this observation, we set out to establish which factors had impact on their export performance. For that purpose, we run a series of panel regressions in which export market shares are explained by various measures of price/cost competitiveness, technological advancement and institutional environment. We make two important contributions to the subject literature. We show that technological factors, specifically innovative outputs (patent applications), had the most significant positive impact on export performance and that was in addition to their impact through the economic potential. Moreover, we verify the impact of the quality of the institutional environment on exports. Specifically, we show that improvements in the overall regulatory quality were conducive to increasing export market shares. The results regarding price/cost competitiveness are less robust and depend on the measure used. Hence, we conclude that further gains in non-price competitiveness should be considered for the region to compete successfully in international markets in the long run.

Keywords: Central and Eastern Europe; open economy; trade; export market shares; price/cost competitiveness; technological competitiveness; institutional environment (search for similar items in EconPapers)
JEL-codes: F14 F15 R10 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-cse, nep-eec and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Journal Article: Competitiveness and Export Performance of CEE Countries (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:nbp:nbpmis:248

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