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https://doi.org/10.1515/zireb-2017-0016

Current Account Balance and Export Performances: Evidence Based on New EU Countries

Željko Bogdan ; Faculty of Economics and Business Zagreb, University of Zagreb, Zagreb, Croatia
Boris Cota ; Faculty of Economics and Business Zagreb, University of Zagreb, Zagreb, Croatia
Nataša E rjavec ; Faculty of Economics and Business Zagreb, University of Zagreb, Zagreb, Croatia


Puni tekst: engleski pdf 332 Kb

str. 33-48

preuzimanja: 610

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Sažetak

In this paper, we investigate whether the differences in the current account balance and export performances for a new EU countries are a result of exchange rate policies. The analysis shows that countries with a flexible exchange rate have better export performances and the current account balance in the pre-crisis period. The obtained results show that movements in the current account balance are mainly driven by domestic variables. In the countries with a flexible exchange rate, real and nominal depreciation affects export positively although the magnitude of these effects is tiny and limited to the crisis period. These results point to a higher significance of non-price competitiveness on export which should be a future research topic.

Ključne riječi

current account balance; export; dynamic panel model; effective exchange rate; economic growth

Hrčak ID:

189587

URI

https://hrcak.srce.hr/189587

Datum izdavanja:

20.11.2017.

Posjeta: 1.192 *