Naslov
Modelling Export Dynamics in the CSEE Countries Using GVAR Model

Autori
Jakšić, Saša ; Žmuk, Berislav

Izvornik
International Journal of Social, Behavioral, Educational, Economic, Business and Industrial Engineering (2010-376X) 8 (2014), 3; 732-740

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, ostalo

Ključne riječi
Export ; GFEVD ; Global VAR ; International trade ; weak exogeneity.

Sažetak
The paper investigates the key factors of export dynamics for a set of Central and Southeast European (CSEE) countries in the context of current economic and financial crisis. In order to model the export dynamics a Global Vector Auto Regressive (GVAR) model is defined. As opposed to models which model each country separately, the GVAR combines all country models in a global model which enables obtaining important information on spillover effects in the context of globalisation and rising international linkages. The results of the study indicate that for most of the CSEE countries, exports are mainly driven by domestic shocks, both in the short run and in the long run. This study is the first application of the GVAR model to studying the export dynamics in the CSEE countries and therefore the results of the study present an important empirical contribution.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA