Export Performance and External Competitiveness in the Former Yugoslav Republic of Macedonia

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Price:  $18.00

Author/Editor: Eva Gutierrez
Release Date: © November, 2006
ISBN : 978-1-45186-521-9
Stock #: WPIEA2006261
English
Stock Status: Available

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Description

This paper reviews a broad set of indicators of competitiveness in the Macedonian economy and estimates the equilibrium real effective exchange rate (REER) using different methodologies. Although the REER is broadly in equilibrium at present, structural factors are found to hamper competitiveness. While a more competitive exchange rate might improve short-term export performance, sustained improvements require enhanced productivity and resource reallocation to more dynamic sectors, which depends on reforms to improve the business environment.

Taxonomy

Competition , Foreign exchange , International trade




More publications in this series: Working Papers


More publications by: Eva Gutierrez