Export performance and capacity pressures in Central and Eastern Europe

Karsten Staehr ()

No wp2020-4, Bank of Estonia Working Papers from Bank of Estonia

Abstract: This paper investigates whether various measures of capacity pressure or available production capacity may help predict the dynamics of exports from the EU countries in Central and Eastern Europe. The analysis uses annual panel data for the 11 countries from 2001 to 2019. Reduced form estimations reveal that cost competitiveness measures have little or no predictive power. The measures of capacity pressure comprise capacity utilisation in industry, the unemployment rate and the output gap, and the measures are all robust predictors of future export dynamics. The results are robust to various changes in the time and country sample, control variables and specification, and also hold in panel vector autoregressive models

Keywords: export; competitiveness; capacity utilisation; output gap; unemployment; Central and Eastern Europe (search for similar items in EconPapers)
JEL-codes: E32 F14 F17 (search for similar items in EconPapers)
Date: 2020-08-13, Revised 2020-08-13
New Economics Papers: this item is included in nep-cse, nep-eec, nep-mac and nep-ore
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.23656/25045520/042020/0177 (application/pdf)

Related works:
Journal Article: Export performance and capacity pressures in Central and Eastern Europe (2021)
Journal Article: Export performance and capacity pressures in Central and Eastern Europe (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eea:boewps:wp2020-4

Ordering information: This working paper can be ordered from
Estonia bld. 13, 15095 Tallinn, ESTONIA

Access Statistics for this paper

More papers in Bank of Estonia Working Papers from Bank of Estonia Estonia bld. 13, 15095 Tallinn, ESTONIA. Contact information at EDIRC.
Bibliographic data for series maintained by Peeter Luikmel ().