engleski

The Determinants of Export Performance in Furniture Manufacturing: Evidence from 26 EU Countries

The European Union furniture manufacturing is an assembling industry with high multiplier effect. However, the ongoing economic crisis has put the manufacturing industry under pressure. Therefore, this paper aims to provide analysis of indicators of export performance on the extensive dataset of the 26 European Union member states’ furniture manufacturing. Hence, dynamic panel models are estimated by utilizing the “difference” and “system” generalised method of moments estimators for the 2000-2012 period. The results indicate significant impact of foreign demand and the real GDP growth rate on the success of the furniture sector and refocus attention on export performance.

furniture manufacturing ; export ; “difference” GMM estimator ; “system” GMM estimator European Union

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