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The impact of the euro adoption on the complexity of goods in Slovenian exports

dc.contributor.authorGabrielczak, Piotr
dc.contributor.authorSerwach, Tomasz
dc.date.accessioned2017-01-12T08:21:06Z
dc.date.available2017-01-12T08:21:06Z
dc.date.issued2017-01
dc.identifier.urihttp://hdl.handle.net/11089/20346
dc.description.abstractThe aim of this paper is to verify the impact of the euro adoption on the complexity of goods in Slovenian exports. To the best knowledge of the authors, it is the first study on the consequences the elimination of a national currency may have for that feature of trade. According to Ricardian and Hechscher-Ohlin models of trade such a policy decision (seen as an example of trade liberalization) may lead to specialization in the production of either more or less sophisticated goods – on outcome depends on country’s technology and factor endowment. At the same time increased FDI flows may make a particular economy more engaged in international production chains with ambiguous influence on exports complexity. Given the fact that it is impossible to (a priori) theoretically predict the impact of monetary integration on the complexity, it is reasonable to search for the effects of the integration empirically. The authors used the Synthetic Control Method to compare the actual levels of exports complexity in Slovenia after the adoption of the euro with the counterfactual scenario with Slovenia not entering the Eurozone. The results indicate that the membership in the European Monetary Union (EMU) has led to temporary increase in complexity of exported goods.pl_PL
dc.description.sponsorshipThe research project was financed by means of the National Science Centre of Poland (Narodowe Centrum Nauki) granted upon decision number DEC-2014/13/N/HS4/02977 (contract number: UMO-2014/13/N/HS4.02977)pl_PL
dc.language.isoenpl_PL
dc.publisherFaculty of Economics and Sociology of the University of Lodzpl_PL
dc.relation.ispartofseriesLodz Economics Working Papers;3
dc.rightsUznanie autorstwa-Użycie niekomercyjne-Bez utworów zależnych 3.0 Polska*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/pl/*
dc.subjectEurozonepl_PL
dc.subjectinternational tradepl_PL
dc.subjectSloveniapl_PL
dc.subjectcomplexitypl_PL
dc.subjectsynthetic control methodpl_PL
dc.titleThe impact of the euro adoption on the complexity of goods in Slovenian exportspl_PL
dc.typeWorking Paperpl_PL
dc.contributor.authorAffiliationUniversity of Lodz, Faculty of Economics and Sociologypl_PL
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dc.subject.jelC21
dc.subject.jelF14
dc.subject.jelF15


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