Time-series dynamics of Baltic trade flows: Structural breaks, regime shifts, and exchange-rate volatility
Aim/purpose – In the decades since their reintegration with the West, the small open economies of Estonia, Latvia, and Lithuania have seen their trade flows grow substantially. While the mix of trade partners has evolved over time, the region has been affected by various political and economic shock...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2022-01-01
|
| Series: | Journal of Economics and Management |
| Subjects: | |
| Online Access: | https://doi.org/10.22367/jem.2022.44.05 |
| _version_ | 1811159176604286976 |
|---|---|
| author | Hegerty Scott W. |
| author_facet | Hegerty Scott W. |
| author_sort | Hegerty Scott W. |
| collection | DOAJ |
| description | Aim/purpose – In the decades since their reintegration with the West, the small open economies of Estonia, Latvia, and Lithuania have seen their trade flows grow substantially. While the mix of trade partners has evolved over time, the region has been affected by various political and economic shocks. This study examines the bilateral trade balances between the Baltic countries and nine partners to investigate whether there have been structural breaks due to political or economic events. Because these events may have been “priced into” exchange rates or increased these rates’ volatility, connections between these variables and trade balances are also considered. |
| first_indexed | 2024-04-10T05:36:39Z |
| format | Article |
| id | doaj.art-67dd5ae937c741778be900f91fec28ca |
| institution | Directory Open Access Journal |
| issn | 2719-9975 |
| language | English |
| last_indexed | 2024-04-10T05:36:39Z |
| publishDate | 2022-01-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Journal of Economics and Management |
| spelling | doaj.art-67dd5ae937c741778be900f91fec28ca2023-03-06T17:03:00ZengSciendoJournal of Economics and Management2719-99752022-01-014419611810.22367/jem.2022.44.05Time-series dynamics of Baltic trade flows: Structural breaks, regime shifts, and exchange-rate volatilityHegerty Scott W.0Department of Economics, College of Arts and Sciences, Northeastern Illinois University, USAAim/purpose – In the decades since their reintegration with the West, the small open economies of Estonia, Latvia, and Lithuania have seen their trade flows grow substantially. While the mix of trade partners has evolved over time, the region has been affected by various political and economic shocks. This study examines the bilateral trade balances between the Baltic countries and nine partners to investigate whether there have been structural breaks due to political or economic events. Because these events may have been “priced into” exchange rates or increased these rates’ volatility, connections between these variables and trade balances are also considered.https://doi.org/10.22367/jem.2022.44.05trade flowsbalticstime seriesstructural breaksf14f4c1 |
| spellingShingle | Hegerty Scott W. Time-series dynamics of Baltic trade flows: Structural breaks, regime shifts, and exchange-rate volatility Journal of Economics and Management trade flows baltics time series structural breaks f14 f4 c1 |
| title | Time-series dynamics of Baltic trade flows: Structural breaks, regime shifts, and exchange-rate volatility |
| title_full | Time-series dynamics of Baltic trade flows: Structural breaks, regime shifts, and exchange-rate volatility |
| title_fullStr | Time-series dynamics of Baltic trade flows: Structural breaks, regime shifts, and exchange-rate volatility |
| title_full_unstemmed | Time-series dynamics of Baltic trade flows: Structural breaks, regime shifts, and exchange-rate volatility |
| title_short | Time-series dynamics of Baltic trade flows: Structural breaks, regime shifts, and exchange-rate volatility |
| title_sort | time series dynamics of baltic trade flows structural breaks regime shifts and exchange rate volatility |
| topic | trade flows baltics time series structural breaks f14 f4 c1 |
| url | https://doi.org/10.22367/jem.2022.44.05 |
| work_keys_str_mv | AT hegertyscottw timeseriesdynamicsofbaltictradeflowsstructuralbreaksregimeshiftsandexchangeratevolatility |