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Int J Fin Econ - 2023 - Coleman - On the evolution of competitiveness in Central and Eastern Europe Is it broken.pdf (1.14 MB)

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

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journal contribution
posted on 2023-04-04, 08:16 authored by Simeon ColemanSimeon Coleman, Juan Carlos Cuestas

In this article, we analyse the evolution of the real effective exchange rate (REER) as a measure of competitiveness for a group of Central and Eastern European countries. To do this, we employ unit-root tests with breaks and estimate the equations with structural breaks. Our results show that even though the REERs have become flatter, which means less competitiveness is lost against main trading partners, they have also become less mean-reverting, suggesting that shocks now tend to have longer effects.

Funding

Generalitat Valenciana, Grant/Award Number: AICO/2021/005

Universitat Jaume I, Grant/Award Number: UJIB2022-03

History

School

  • Business and Economics

Department

  • Economics

Published in

International Journal of Finance and Economics

Publisher

Wiley

Version

  • VoR (Version of Record)

Rights holder

© The Authors

Publisher statement

This is an Open Access Article. It is published by Wiley under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Licence (CC BY-NC-ND). Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/

Acceptance date

2023-03-20

Publication date

2023-03-31

Copyright date

2023

ISSN

1076-9307

eISSN

1099-1158

Language

  • en

Depositor

Dr Simeon Coleman. Deposit date: 3 April 2023

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