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

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

Part of the Polish Studies in Economics series

Hardback

Available to Order - This title is available to order, with delivery expected within 2 weeks

Description

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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