What determines international competitiveness of the economy? : evidence from Bayesian Model Averaging
Material type:
- 9783631856512
- 337 DYB
Item type | Current library | Collection | Call number | Status | Date due | Barcode | Item holds | |
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Jammu General Stacks | Non-fiction | 337 DYB (Browse shelf(Opens below)) | Available | IIMJ-8875 |
1. International competitiveness of countries 2. Econometric methodology 3. Current Account determinants 4. Export market share determinants 5. Exchange rate determinants 6. Final conclusions
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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