What Determines International Competitiveness of the Economy? : Evidence from Bayesian Model Averaging

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by Piotr Dybka

Book Details

Format Hardback or Cased Book

Book Series Polish Studies in Economics

ISBN-10 3631856512

ISBN-13 9783631856512

Edition New

Publisher Peter Lang AG

Imprint Peter Lang AG

Country of Manufacture GB

Country of Publication GB

Publication Date Apr 25th, 2022

Print length 126 Pages

Weight 230 grams

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Ksh 7,400.00

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This study examines the determinants of current account, export market share and exchange rates using Bayesian Model Averaging. Main policy implication of the study is that increasing international competitiveness is a gradual process that requires institutional and technological changes rather than a short-term adjustments in relative prices.

This study examines the determinants of current account, export market share and exchange rates. The author identifies key determinants using Bayesian Model Averaging, which allows evaluation of probability that each variable is in fact a determinant of the analysed competitiveness measure. The main implication of the results presented in the study is that increasing international competitiveness is a gradual process that requires institutional and technological changes rather than short-term adjustments in relative prices.

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