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Books > Business & Economics > Economics > Macroeconomics
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What Determines International Competitiveness of the Economy? - Evidence from Bayesian Model Averaging (Hardcover, New edition)
Loot Price: R1,191
Discovery Miles 11 910
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What Determines International Competitiveness of the Economy? - Evidence from Bayesian Model Averaging (Hardcover, New edition)
Series: Polish Studies in Economics, 12
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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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