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What Determines International Competitiveness of the Economy?: Evidence from Bayesian Model Averaging
Hardcover
Series: Polish Studies in Economics, Book 12
ISBN13: 9783631856512
Publisher: Peter Lang Gmbh, Internationaler Verlag Der W
Published: Apr 25 2022
Pages: 126
Weight: 0.67
Height: 0.38 Width: 5.83 Depth: 8.27
Language: English
This study examines the determinants of current account, export market share and exchange rates. The author identifies key determinants using Bayesian Model Averaging, which allows evaluation of probability that each variable is in fact a determinant of the analysed competitiveness measure. The main implication of the results presented in the study is that increasing international competitiveness is a gradual process that requires institutional and technological changes rather than short-term adjustments in relative prices.
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