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Volume 50, Issue 11

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Czech Foreign Trade Flows

Benáček, Vladimír

Year: 2000   Volume: 50   Issue: 11   Pages: 582-583

Abstract: The aim of this paper is to delineate the determining factors behind changes in Czech trade flows 1993 to 1997. The analysis is based on econometric hypothesis testing by using the export and import functions in SITC 2-digit commodity breakdown and the option to trade with three alternative regions. Policy implications and predictions related to the process of EU enlargement are also among the aims of this study. Export and import flows were regressed against the following explanatory variables: the GDPs of the importing countries, unit prices of imports relative to domestic unit prices, real exchange rates, tariffs, implicit subsidies, and foreign direct investment. The structure of Czech imports, especially from the EU, was found to be more consistent with the assumptions of the economic theory than the case of Czech exports.

JEL classification: F13, F14, F21

Keywords: export; import; competitiveness; prices

RePEc: n/a

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