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Export performance and external competitiveness in the former Yugoslav Republic of Macedonia /
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. W...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2006.
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| Colección: | IMF working paper ;
WP/06/261. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | 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. |
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| Descripción Física: | 1 online resource (21 pages) |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 1283515660 9781283515665 9781451909746 1451909748 1462326587 9781462326587 1452746095 9781452746098 9786613828118 6613828114 |
| ISSN: | 2227-8885 ; |