<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The main goal of this paper is to investigate empirically whether the adoption of the common currency increases the export activity of individual frms using the probity model. There are many studies that seek to estimate the aggregate trade effects of the adoption of the euro by the “outside” EU countries, which are based on the gravity model. In contrast to the existing literature we use an alternative micro econometric approach based on firm level data compiled by the EBRD and the World Bank. We demonstrate that the propensity to export of individual frms from Slovenia and Slovakia increased after the accession of those countries to the Eurozone.</p></abstract>

The main goal of this paper is to investigate empirically whether the adoption of the common currency increases the export activity of individual frms using the probity model. There are many studies that seek to estimate the aggregate trade effects of the adoption of the euro by the “outside” EU countries, which are based on the gravity model. In contrast to the existing literature we use an alternative micro econometric approach based on firm level data compiled by the EBRD and the World Bank. We demonstrate that the propensity to export of individual frms from Slovenia and Slovakia increased after the accession of those countries to the Eurozone.

Does the Common Currency Increase Exports? Evidence from Firm-Level Data

Faculty of Economic Sciences, University of Warsaw

International Journal of Management and Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Does the Common Currency Increase Exports? Evidence from Firm-Level Data"}

The main goal of this paper is to investigate empirically whether the adoption of the common currency increases the export activity of individual frms using...

Does the Common Currency Increase Exports? Evidence from Firm-Level Data

Published Online: Oct 17, 2014

Page range: 8 - 22

DOI: https://doi.org/10.2478/ijme-2014-0034

Keywords
Export, Eurozone, frm level data

© 2014 Andrzej Cieślik et. al.

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Does the Common Currency Increase Exports? Evidence from Firm-Level Data

Published Online: Oct 17, 2014

Page range: 8 - 22

DOI: https://doi.org/10.2478/ijme-2014-0034

KeywordsExport, Eurozone, frm level data

© 2014 Andrzej Cieślik et. al.

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Export, Eurozone, frm level data