Determinants of trade balance in Polish and Czech manufacturing sectors - Publikacja - MOST Wiedzy

Twoje konto

zaloguj

Wyszukiwarka

Determinants of trade balance in Polish and Czech manufacturing sectors

Abstrakt

Research background: A strong industrial base is essential for achieving long-term sustainable economic growth and export competitiveness. In that sense, manufacturing remains a significant contributor to exports in the CEE countries. However, its role and its influence vary between CEE economies and change over time. Purpose of the article: The main objective of this paper is to compare the determinants of the international competitiveness, measured by the net exports of the manufacturing sectors in the Czech and Polish economies, by using the database of 13 manufacturing sub-sectors in 1995–2011. The authors research the question of how much foreign and domestic demand, the level of labour costs, the level of sector innovation intensity, the level of sector openness to foreign markets as well as sectoral labour productivity influence the changes in trade balance. Methods: Our approach is based on employing an error correction model and SUR model to disaggregated sectoral manufacturing data. Findings & Value added: The results of the analysis conducted show substantial differences in the roles particular variables play in explaining the net exports in individual sectors. For the majority of Polish and Czech manufacturing sub-sectors, generation of positive trade balance is determined by relative demand growth. An increasing labour productivity influences heavily a positive trade balance of Polish goods in majority of sub-sectors, however, a key factor in Czech sub-sectors is decreasing unit labour costs. The results of the analysis indicate mostly a greater impact of the researched factors on net exports in long rather than short term and the better capacity of the Czech economy to correct deviations from the equilibrium.

Cytowania

  • 3

    CrossRef

  • 0

    Web of Science

  • 4

    Scopus

Autorzy (2)

Cytuj jako

Pełna treść

pobierz publikację
pobrano 196 razy
Wersja publikacji
Accepted albo Published Version
Licencja
Creative Commons: CC-BY-ND otwiera się w nowej karcie

Słowa kluczowe

Informacje szczegółowe

Kategoria:
Publikacja w czasopiśmie
Typ:
artykuły w czasopismach recenzowanych i innych wydawnictwach ciągłych
Opublikowano w:
EQUILIBRIUM Quarterly Journal of Economics and Economic Policy nr 13, wydanie 3, strony 445 - 466,
ISSN: 1689-765X
Język:
polski
Rok wydania:
2018
Opis bibliograficzny:
Olczyk M., Kordalska A.: Determinants of trade balance in Polish and Czech manufacturing sectors// EQUILIBRIUM Quarterly Journal of Economics and Economic Policy. -Vol. 13., iss. 3 (2018), s.445-466
DOI:
Cyfrowy identyfikator dokumentu elektronicznego (otwiera się w nowej karcie) 10.24136/eq.2018.022
Bibliografia: test
  1. Bahmani-Oskooee, M. (1985). Devaluations and the J-curve: some evidence from LDCs. Review of Economics and Statistics, 67(3). doi: 10.2307/1925980. otwiera się w nowej karcie
  2. Bahmani-Oskooee, M. (1991). Is there a long-run relation between the trade bal- ance and the real effective rate of LDCs. Economics Letters, 36(4). doi: 10.1016/0165-1765(91)90206-Z. otwiera się w nowej karcie
  3. Bierut, B. K., & Kuziemska-Pawlak, K. (2017). Competitiveness and export performance of CEE countries. Easter European Economics, 55(6). doi: 10.1080/00128775.2017.1382378. otwiera się w nowej karcie
  4. Breitung, J. (2000). The local power of some unit root tests for panel data. In B. Baltagi (Ed.). Nonstationary panels, panel cointegration, and dynamic panels. Advances in econometrics. Amsterdam: JAI. otwiera się w nowej karcie
  5. Bustos, P. (2011). Trade liberalization, exports, and technology upgrading: evi- dence on the impact of MERCOSUR on Argentinian firms. American Econom- ic Review, 101(1). doi: 10.1257/aer.101.1.304. otwiera się w nowej karcie
  6. Cieślik, A., Michałek, J. J., & Tovias, A. (2017). The determinants of export performance of firms in selected MENA countries: comparison with CEE countries, Israel and Turkey. Central European Economic Journal, 2(49). doi: 10.1515/ceej-2017-0009. otwiera się w nowej karcie
  7. Cieślik, A., & Michałek, J. J. (2018). Firm-level determinants of direct and indirect exports: empirical evidence for C.E.E. and M.E.N.A. countries. Economic Research-Ekonomska Istraživanja, 31(1). doi: 10.1080/1331677X.2018. 1436452. otwiera się w nowej karcie
  8. Deardorff, A. V. (1984). Testing trade theories and predicting trade flows. In R. W. Jones & P. B. Kenen (Eds.). Handbook of international economics. Amster- dam: North-Holland. otwiera się w nowej karcie
  9. Dixit, A. K., & Stiglitz, J. E. (1977). Monopolistic competition and optimum prod- uct diversity. American Economic Review, 67(3). otwiera się w nowej karcie
  10. EC (2017). European innovation scoreboard 2017. European Commission. otwiera się w nowej karcie
  11. Engle, R. F., & Granger, C. W. J. (1987). Co-integration and error correction: rep- resentation, estimation, and testing. Econometrica, 55(2). doi: 10.2307/1913 236. otwiera się w nowej karcie
  12. Goldberg, I., Branstetter, L., Goddard, J. G., & Kuriakose, S. (2008). Globalization and technology absorption in Europe and Central Asia: the role of trade, FDI, and cross-border knowledge flows. World Bank Working Paper, 150. Golik, M., Grela, M., Humanicki, M., Kitala, M., Michałek, T., Mroczek, W., Mućk, J., & Rzeszutek, E. (2014). Analysis of the economic situation in the countries of Central and Eastern Europe. Narodowy Bank Polski Working Papers,1/14. otwiera się w nowej karcie
  13. Guarascio, D., Pianta, M., & Bogliacino, F. (2016). Export, R&D and new products. a model and a test on European industries. Journal of Evolutionary Economics, 26(4). doi: 10.1007/s00191-016-0445-9. otwiera się w nowej karcie
  14. Im, K. S., Pesaran, M. H., & Shin, Y. (2003). Testing for unit roots in heterogene- ous panels. Journal of Econometrics, 115(1). doi: 10.1016/S0304- 4076(03)00092-7. otwiera się w nowej karcie
  15. Kao, C., & Chiang, M. (2000). On the estimation and inference of a cointegrated regression in panel data. In B. Baltagi (Ed.). Nonstationary panels, panel coin- tegration, and dynamic panels. Advances in econometrics. Amsterdam: JAI. otwiera się w nowej karcie
  16. Karo, E., & Kattel, R. (2015). Economic development and evolving state capacities in Central and Eastern Europe: can "smart specialization" make a difference?. Journal of Economic Policy Reform, 18(2). doi: 10.1080/17487870.2015. 1009068. otwiera się w nowej karcie
  17. Lewney, R. (2011). Study on the cost competitiveness of European industry in the globalization era -empirical evidence on the basis of relative unit labour cost at sectoral level. Ecorys Nederland BV. otwiera się w nowej karcie
  18. Mark, N. C., Ogaki, M., & Sul, D. (2005). Dynamic seemingly unrelated cointe- grating regressions. Review of Economic Studies, 72(3). doi: 10.1016/S0304- 4076(03)00092-7. otwiera się w nowej karcie
  19. Melitz, M. J. (2003). The impact of trade on intra-industry reallocations and aggre- gate industry productivity. Econometrica, 71(6). doi: 10.1111/1468-0262. 00467. otwiera się w nowej karcie
  20. Melitz, M. J., & Ottaviano, G. I. P. (2008). Market size, trade and productivity. Review of Economic Studies, 75(1). doi: 10.1111/j.1467-937X .2007.00463.x. otwiera się w nowej karcie
  21. Pedroni, P. (1999). Critical values for cointegration tests in heterogeneous panels with multiple regressors. Oxford Bulletin of Economics and Statistics, 61(4). doi: 10.1111/1468-0084.61.s1.14. otwiera się w nowej karcie
  22. Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross sec- tion dependence. Journal of Applied Econometrics, 22(2). doi: 10.1002/jae.951. otwiera się w nowej karcie
  23. Porter, M. E. (1990). The competitive advantage of nations. New York: Macmillan Press. otwiera się w nowej karcie
  24. Rivera-Batiz, L. A., & Romer, P. M. (1991). International trade with endogenous technological change. European Economic Review, 35(4). doi: 10.1016/0014- 2921(91)90048-N. otwiera się w nowej karcie
  25. Rivera Leon, L., Miedzinski, M., & Reid, A. (2011). Cohesion policy and regional research and innovation potential: an analysis of the effects of structural funds support for research, technological development and innovation 2000-2010. Studies and reports, EUR 24199, European Commission.
  26. Sharma, K. (2003). Factors determining India's export performance. Journal of Asia Economics, 14(3). doi: 10.1016/S1049-0078(03)00036-8. otwiera się w nowej karcie
  27. Timmer, M. P., Dietzenbacher, E., Los, B., Stehrer, R., & de Vries, G. J. (2015). An illustrated user guide to the world input-output database: the case of global automotive production. Review of International Economics, 23. doi: 10.1111/roie.12178. otwiera się w nowej karcie
  28. Turner, A. G., & Golub, S. S. (1997). Towards a system of multilateral unit labor cost-based competitiveness indicators for advanced, developing and transition countries. IMF Working Paper, 97/151. otwiera się w nowej karcie
  29. Vernon, R. (1966). International investment and international trade in the product cycle. Quarterly Journal of Economics, 80(2). doi: 10.2307/1880689. otwiera się w nowej karcie
  30. Vrh, N. (2018). What drives the differences in domestic value added in exports between old and new E.U. member states? Economic Research-Ekonomska Istraživanja, 31(1). doi: 10.1080/1331677X.2018. 1438910. otwiera się w nowej karcie
  31. Wagner, J. (2008). Export entry, export exit and productivity in German manufac- turing industries. International Journal of the Economics of Business, 15(2). doi: 10.1080/13571510802134270. otwiera się w nowej karcie
  32. Westerlund, J. (2007). Testing for error correction in panel data. Oxford Bulletin of Economics and Statistics, 69(6). doi: 10.1111/j.1468-0084. 2007.00477.x. otwiera się w nowej karcie
  33. Young, A. (1991). Learning by doing and the dynamic effects of international trade. Quarterly Journal of Economics, 106(2). doi: 10.2307/2937942. otwiera się w nowej karcie
Weryfikacja:
Politechnika Gdańska

wyświetlono 108 razy

Publikacje, które mogą cię zainteresować

International Competitiveness of Czech Manufacturing: A Sectoral Approach with Error Correction Model

2017

Impact of the Manufacturing Sector on the Export Competitiveness of European Countries – a Spatial Panel Analysis

2014

Market Size, Competitiveness and Technological Frontier - the Impact of Trade Integration with the UE on Productivity in Polish Manufacturing Sectors

2011

CEE Trade in Services: Value-Added Versus Gross Terms Approaches

2018
Meta Tagi