Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/46701
Authors: 
Strauß, Hubert
Year of Publication: 
1998
Series/Report no.: 
Kiel Working Paper 888
Abstract: 
The paper presents an estimation of Euroland's foreign trade with the rest of the world based on the exports and imports of the eleven member states of the European Monetary Union according to their Systems of National Accounts (SNA). In order to isolate the trade with the rest of the world from intra- European trade flows, the share of intra-trade is derived from customs statistics. Once the time series are constructed, real exports are regressed on indexes of industrial production abroad and the real external value of the ecu — both calculated with respect to the 20 most important trading partners — using an error correction model. The estimation results are used to forecast Euroland's exports in 1998 and 1999.
Subjects: 
Ecu
Euro
error correction model
export forecast
intra-European trade
real external value
JEL: 
E32
F41
Document Type: 
Working Paper

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