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Title:Declining export prices due to increased competition from NIC: Evidence from Germany and the CEEC PDF Logo
Authors:Gundel, Sebastian
Issue Date:2007
Series/Report no.:CeGE Discussion Paper 63
Abstract:In this paper the export demand and supply of German manufacturing industry is estimated for the period 1993:1 through 2005:4. The Johansen (1991, 1994) procedure is applied to estimate the long-run relationship in a VECM. Special attention is pointed on the development of the German export price being exposed to the competitive environment of fast growing countries like Hungary, the Czech Republic and Poland. Since they offer similar high-technology products on international export markets and are gaining market share Germanys export price suffers downward pressure.
Subjects:manufactured exports
new competition
Document Type:Working Paper
Appears in Collections:cege-Diskussionspapiere, Universität Göttingen

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