Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/26786 
Year of Publication: 
2007
Series/Report no.: 
Ruhr Economic Papers No. 21
Publisher: 
Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI), Essen
Abstract: 
The purpose of this paper is to assess the implications of the Economic and Monetary Union (EMU) accession of eight Central and Eastern European Countries (CEECs) on their share in EMU-12 imports. Overcoming biases related to endogeneity, omitted variables and sample selection, our results indicate that the common currency has boosted intra-EMU imports by 7%.Under the assumption that the same relationship between the explanatory variables and imports will hold for EMU-CEEC trade,we are able to predict the future impact of the euro. Our findings suggest that except for the least integrated countries,Poland, Latvia and Lithuania, all CEECs can expect increases in the EMU-12 import share.
Subjects: 
Central and Eastern European countries
Euro area enlargement
gravity model
panel estimation
JEL: 
F15
F41
ISBN: 
978-3-86788-015-2
Document Type: 
Working Paper

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