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

被引：2

作者：

Coleman, Simeon ^{[1
]}

Cuestas, Juan Carlos ^{[2
,3
,4
,5
]}

机构：

[1] Loughborough Univ, Sch Business & Econ, Loughborough LE11 3TU, England

[2] Jaume I Univ, Dept Econ, Castellon de La Plana, Spain

[3] Jaume I Univ, IEI, Castellon de La Plana, Spain

[4] Tallinn Univ Technol, Dept Econ & Finance, Tallinn, Estonia

[5] Univ Jaume 1, Dept Econ, Avda Sos Baynat Sn, Castellon De La Plana 12070, Spain

来源：

INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS | 2024年 / 29卷 / 03期

关键词：

Central and Eastern Europe; European integration; real exchange rates; structural breaks; PURCHASING-POWER PARITY; UNIT-ROOT; TIME-SERIES; COUNTRIES;

D O I：

10.1002/ijfe.2810

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

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.

引用

页码：2911 / 2926

页数：16

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