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
Stock Status: On back-order

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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.


Competition , Foreign exchange , International trade

More publications in this series: Working Papers

More publications by: Eva Gutierrez