出版社：Institut für Volkswirtschaftslehre, Univ. Hohenheim
摘要：The purpose of this paper is to assess the implications of the Economic and
Monetary Union (EMU) accession of eight Central and Eastern European Countries
(CEECs) on their share in EMU-12 imports. Overcoming biases related to
endogeneity, omitted variables and sample selection, our results indicate that
the common currency has boosted intra-EMU imports by 7%. Under the assumption
that the same relationship between the explanatory variables and imports will
hold for EMU-CEEC trade, we are able to predict the future impact of the euro.
Our findings suggest that except for the least integrated countries, Poland,
Latvia and Lithuania, all CEECs can expect increases in the EMU-12 import share.
