Original scientific paper
Constructing an Export Supply Function for Croatia
Erjavec Nataša
; Graduate School of Economics and Business, Zagreb, Croatia.
Cota Boris
; Graduate School of Economics and Business, Zagreb, Croatia.
Abstract
The main aim of this paper is an investigation of the interplay between Croatian export supply and the real exchange rate. i.e. The relative prices. We analyse here the price elasticity of export supply through modelling both the short-ami the long-run structures ofthe model. Additionally, the relationship between export supply and production capacity is also subjected to an analysis. As a result, this paper provides some insights into the importance played by the real exchange rate ami production capacity in explaining Croatian exports.
Keywords
export supply; unit root tests; coinlegration; VECM model
Hrčak ID:
101269
URI
Publication date:
1.12.2004.
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