[
Ahmed, S., Appendino, M. & Ruta, M. (2016). Global value chains and the exchange rate elasticity of exports. The BE Journal of Macroeconomics, 17(1). DOI: https://doi.org/10.1515/bejm-2015-0130
]Search in Google Scholar
[
Andrews, D. W., & Ploberger, W. (1994). Optimal tests when a nuisance parameter is present only under the alternative. Econometrica: Journal of the Econometric Society, 1383-1414. DOI: https://doi.org/10.2307/2951753
]Search in Google Scholar
[
Backe, P., Feldkircher, M. & Slačik, T. (2013). Economic Spillovers from the Euro Area to the CESEE Region via the Financial Channel: A GVAR Approach, Focus on European Economic Integration, No. 4, 50-64.
]Search in Google Scholar
[
Baldwin, R. E. (1994). Towards an Integrated Europe. London: CEPR.
]Search in Google Scholar
[
Berman, N., Berthou, A. & Héricourt, J. (2015). Export dynamics and sales at home. Journal of International Economics, 96(2), 298-310. DOI: https://doi.org/10.1016/j.jinteco.2015.04.001.
]Search in Google Scholar
[
Bussière, M., Chudik, A. & Sestieri, G. (2012). Modelling global trade flows: results from a GVAR model. Globalization and Monetary Policy Institute Working Paper 119, Federal Reserve Bank of Dallas.
]Search in Google Scholar
[
Bussière, M., Fidrmuc, J. & Schnatz, B. (2005). Trade Integration of Central and Eastern European Countries: Lessons from a Gravity Model. Working Paper Series No. 545 (November). Frankfurt: European Central Bank.
]Search in Google Scholar
[
Chow, G. C. & Lin, A. L. (1971). Best linear unbiased interpolation, distribution, and extrapolation of time series by related series. The review of Economics and Statistics, 372-375.10.2307/1928739
]Search in Google Scholar
[
Cieślik, A. & Hagemejer, J. (2011). The Effectiveness of Preferential Trade Liberalization in Central and Eastern Europe. The International Trade Journal, 25(5), 516-538, DOI: https://doi.org/10.1080/08853908.2011.604298
]Search in Google Scholar
[
Colabella, A. (2021). Do ECB’s Monetary Policies Benefit EMEs? A GVAR Analysis on the Global Financial and Sovereign Debt Crises and Postcrises Period. Oxford Bulletin of Economics and Statistics, 83(2), 472-494. DOI: https://doi.org/10.1111/obes.12403
]Search in Google Scholar
[
Collins, S. & Rodrik, D. (1991). Eastern Europe and the Soviet Union in the World Economy. Washington, D.C.: Institute for International Economics.
]Search in Google Scholar
[
Cuaresma, J. C., Eller, M., & Mehrotra, A. N. (2011). The economic transmission of fiscal policy shocks from western to eastern Europe. BOFIT Discussion Papers 12/2011 Retrieved May 12 2022, from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=186878910.2139/ssrn.1868789
]Search in Google Scholar
[
Damijan, J. P., De Sousa, J. & Lamotte, O. (2006). The effect of trade liberalization in South-Eastern European countries (No. 070). wiiw Balkan Observatory Working Papers.
]Search in Google Scholar
[
Damijan, J. P. & Kostevc, C. (2011). Trade liberalisation and economic geography in CEE countries: The role of FDI in the adjustment pattern of regional wages. Post-Communist Economies, 23(02), 163-189. DOI: https://doi.org/10.1080/14631377.2011.570041.
]Search in Google Scholar
[
Damijan J., Kostevc Č. & Rojec M., (2013). Bright Past, Shady Future? Past and Potential Future Export Performance of CEE Countries in a Comparative Perspective. GRINCOH Working Paper Series, Paper No. 2.0310.2139/ssrn.2285388
]Search in Google Scholar
[
Damijan, J., Rojec, M. & Ferjančič, M. (2011). The Growing Export Performance of Transition Economies: EU Market Access versus Supply Capacity Factors. Panoeconomicus, 58(4), 489-509. DOI: http://dx.doi.org/10.2298/PAN1104489D.10.2298/PAN1104489D
]Search in Google Scholar
[
Darvas, Z. M. (2019). With or without you: are central European countries ready for the euro? (No. 2019/12). Bruegel Policy Contribution.
]Search in Google Scholar
[
Dees, S., di Mauro, F., Pesaran, M. H. & Smith, L. V. (2007). Exploring the International Linkages of the Euro Area: A Global VAR Analysis. Journal of Applied Econometrics, 22(1), 1-38. DOI: https://doi.org/10.1002/jae.932.
]Search in Google Scholar
[
Dees, S. & Saint-Guilhem, A. (2009). The role of the US in the global economy and its evolution over time. ECB Working Paper Series, no. 1034, 1-46.
]Search in Google Scholar
[
Dickey, D. & Fuller, W. (1981). Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root. Econometrica, 49(4), 1057-1072.10.2307/1912517
]Search in Google Scholar
[
Egger, P. (2003). An econometric view on the estimation of gravity models and the calculation of trade potentials. The World Economy, 25(2), 297-312. DOI: https://doi.org/10.1111/1467-9701.00432.
]Search in Google Scholar
[
El-Shagi, M., & Tochkov, K. (2022). Shadow of the colossus: Euro area spillovers and monetary policy in Central and Eastern Europe. Journal of International Money and Finance, 120, 102501. DOI: https://doi.org/10.1016/j.jimonfin.2021.102501
]Search in Google Scholar
[
Feldkircher, M. (2015). A Global Macro Model for Emerging Europe. Journal of Comparative Economics, 43(3), 706-726. DOI: https://doi.org/10.1016/j.jce.2014.09.002.
]Search in Google Scholar
[
Feldkircher, M., & Korhonen, I. (2014). The Rise of China and its Implications for Emerging Markets-Evidence from a GVAR model. Pacific Economic Review, 19(1), 61-89. DOI: https://doi.org/10.1111/1468-0106.12052
]Search in Google Scholar
[
Fidrmuc, J. & Fidrmuc, J. (2003). Disintegration and trade. Review of International Economics, 11(5), 811-829. DOI: https://doi.org/10.1046/j.1467-9396.2003.00419.x.
]Search in Google Scholar
[
Fidrmuc, J., Klein, C., Price, R., & Wörgötter, A. (2013). Slovakia: A Catching up Euro Area Member in and out of the Crisis. IZA Policy Paper No. 55.
]Search in Google Scholar
[
Fleming, J. M. (1962). Domestic Financial Policies Under Fixed and Under Floating Exchange Rates. International Monetary Fund Staff Papers, 9(3), 369-379.10.2307/3866091
]Search in Google Scholar
[
Frankel, J. A. & Romer, D. (1999). Does trade cause growth? American Economic Review, 89(3), 379-399. DOI: https://doi.org/10.1257/aer.89.3.379
]Search in Google Scholar
[
Fugazza, M. (2004). Export Performance and Its Determinants: Supply and Demand Constraints. Policy Issues in International Trade and Commodities Study Series No. 26. New York and Geneva: United Nations Conference on Trade and Development (UNCTAD).
]Search in Google Scholar
[
Garratt, A., Lee, K., Pesaran, M. H., & Shin, Y. (2006). Global and national macroeconometric modelling: a long-run structural approach. OUP Oxford.10.1093/0199296855.001.0001
]Search in Google Scholar
[
Greenwood-Nimmo, M., Nguyen, V. H. & Shin, Y. (2012a). Probabilistic forecasting of output growth, inflation and the balance of trade in a GVAR framework. Journal of Applied Econometrics, 27(4), 554-573. DOI: https://doi.org/10.1002/jae.1208.
]Search in Google Scholar
[
Greenwood-Nimmo, M., Nguyen, V. H. & Shin, Y. (2012b). International linkages of the Korean economy: The global vector error-correcting macroeconometric modelling approach. Melbourne Institute Working Paper Series, Working Paper No. 18/12.10.2139/ssrn.2146400
]Search in Google Scholar
[
Gross, M. (2013). Estimating GVAR weight matrices. European Central Bank, Working Paper Series, NO 1523.10.2139/ssrn.2224041
]Search in Google Scholar
[
Hamilton, C. B. & Winters, L. A. (1992). Opening up International Trade for Eastern Europe. Economic Policy, 7(14), 78-115. DOI: https://doi.org/10.2307/1344513.
]Search in Google Scholar
[
Hanson, B. E. (2002). Tests for parameter instability in regressions with I (1) processes. Journal of Business & Economic Statistics, 20(1), 45-59. DOI: https://doi.org/10.1198/073500102753410381
]Search in Google Scholar
[
Harbo, I., Johansen, S., Nielsen, B. & Rahbek, A. (1998). Asymptotic inference on cointegrating rank in partial systems. Journal of Business and Economic Statistics, 16 (4), 388-399. DOI: https://doi.org/10.1080/07350015.1998.10524779.
]Search in Google Scholar
[
Havlik, P., Landesmann, M. & Stehrer, R. (2001). Competitiveness of CEE Industries: Evidence from Foreign Trade Specialization and Quality Indicators. WIIW Research Reports, No. 278 (July). Vienna: The Vienna Institute for International Economic Studies.
]Search in Google Scholar
[
Havlik, P. (2000). Trade and Cost Competitiveness in the Czech Republic, Hungary, Poland and Slovenia. World Bank Technical Paper No. 482 (November). Washington, D.C.: World Bank.10.1596/0-8213-4796-9
]Search in Google Scholar
[
Havrylyshyn, O. & Al-Atrash, H. (1998). Opening Up and Geographic Diversification of Trade in Transition Economies. IMF Working Paper, WP/98/22. Washington, D.C.: International Monetary Fund, European II and Policy Development and Review Departments.
]Search in Google Scholar
[
Havrylyshyn, O. & Pritchett, L. (1991). European Trade Patterns after the Transition. Policy, Research and External Affairs, Working Papers, Trade Policy, WPS 748. Washington, D.C.: World Bank.
]Search in Google Scholar
[
Hoxha, A. (2018). Explaining the impact of the global financial crisis on European transition countries: a GVAR approach. Focus on European Economic Integration, (Q2-18), 81-97.
]Search in Google Scholar
[
Jakab, Z., Kovacs, M. A. & Oszlay, A. (2001). How far has trade integration advanced? An Analysis of the actual and potential trade of three Central and Eastern European countries. Journal of Comparative Economics, 29(2), 276-292. DOI: https://doi.org/10.1006/jcec.2001.1709.
]Search in Google Scholar
[
Jakšić, S. & Žmuk, B. (2014). Modelling Croatian export dynamics using global macroeconometric model. Zagreb International Review of Economics & Business, 17(SCI), 31-48.
]Search in Google Scholar
[
Johansen, S. (1988). Statistical analysis of cointegration vectors. Journal of Economic Dynamics and Control, 12(2-3), 231-254. DOI: https://doi.org/10.1016/0165-1889(88)90041-3.
]Search in Google Scholar
[
Johansen, S. (1991). Estimation and hypothesis testing of cointegrating vectors in gaussian vector autoregressive models. Econometrica, 59(6), 1551-1580. DOI: https://doi.org/10.2307/2938278.
]Search in Google Scholar
[
Johansen, S. (1995). Likelihood-Based Inference in Cointegrated Vector Autoregressive Models. Oxford University Press, Oxford.10.1093/0198774508.001.0001
]Search in Google Scholar
[
Juráček, M. (2021). German exports: Impact on the selected EU countries. Review of Economic Perspectives, 21(1), 41-55. DOI: https://doi.org/10.2478/revecp-2021-0003
]Search in Google Scholar
[
Kaminski, B., Wang, Z. K. & Winters, L. A. (1996a). Trade performance, Export Reorientation in the Transition. Economic Policy, 11(23), 421-442. DOI: https://doi.org/10.2307/1344709.
]Search in Google Scholar
[
Kaminski, B., Wang, Z. K. & Winters, L. A. (1996b). Foreign Trade in The Transition: The International Environment and Domestic policy. Studies of Economies in Transformation, No. 20. Washington, D.C.: World Bank.10.1596/0-8213-3611-8
]Search in Google Scholar
[
Khan, N. S. (2020a). Spillover Effects of Trade Shocks in the Central and Eastern European and Baltic Countries. Journal of Economic Integration, 35(1), 39-68. DOI: https://doi.org/10.11130/jei.2020.35.1.39
]Search in Google Scholar
[
Khan, N. S. (2020b). Propagation of economic shocks from Russia and Western European countries to CEE-Baltic countries. Eurasian Economic Review, 10(3), 489-512. DOI: https://doi.org/10.1007/s40822-020-00146-110.1007/s40822-020-00146-1
]Search in Google Scholar
[
Li, Z. Z., Su, C. W., Tao, R., & Lobonţ, O. R. (2019). Can Foreign Direct Investment Promote Exports in Slovakia?. Ekonomicky Casopis, 67(2), 135-156.
]Search in Google Scholar
[
Mundell, R. A. (1963). Capital Mobility and Stabilization Policy Under Fixed and Flexible Exchange Rates. Canadian Journal of Economics and Political Science, 29(4), 475-485. DOI: https://doi.org/10.2307/139336.
]Search in Google Scholar
[
Nguyen, H. S., & Rondeau, F. (2016). European Union Enlargement in 2004, Euro adoption and Trade Spillovers: A Near-Var Approach. Retrieved May 5 2022, from the European Trade Study Group (ETSG) https://www.etsg.org/ETSG2016/Papers/108.pdf
]Search in Google Scholar
[
Nyblom, J. (1989). Testing for the constancy of parameters over time. Journal of the American Statistical Association, 84(405), 223-230. DOI: https://doi.org/10.1080/01621459.1989.10478759
]Search in Google Scholar
[
Park, H. J. & Fuller, W. A. (1995). Alternative Estimators and Unit Root Tests for the Autoregressive Process. Journal of Time Series Analysis, 16(4), 415-429. DOI: https://doi.org/10.1111/j.1467-9892.1995.tb00243.x.
]Search in Google Scholar
[
Pesaran, M. H., Schuermann, T. & Treutler, B. J. (2007). Global Business Cycles and Credit Risk. Ch. 9, in The risks of financial institutions, eds M. Carey and R. Stultz, University of Chicago Press., Chicago.10.7208/chicago/9780226092980.003.0010
]Search in Google Scholar
[
Pesaran, M. H., Schuermann, T., Treutler, B. J. & Weiner, S. M. (2006). Macroeconomic Dynamics and Credit Risk: A Global Perspective. Journal of Money, Credit and Banking, 38(5), 1211-1262.10.1353/mcb.2006.0074
]Search in Google Scholar
[
Pesaran, M. H., Schuermann, T. & Weiner, S. M. (2004). Modeling regional interdependencies using a global error-correcting macroeconometric model. Journal of Business and Economic Statistics, 22 (2), 129-162. DOI: https://doi.org/10.1198/073500104000000019.
]Search in Google Scholar
[
Pesaran, M. H., Shin, Y. & Smith, R. J. (2000). Structural analysis of vector-error correction models with exogenous I(1) variables. Journal of Econometrics, 97(2), 293-343. DOI: https://doi.org/10.1016/S0304-4076(99)00073-1.
]Search in Google Scholar
[
Ploberger, W., & Krämer, W. (1992). The CUSUM test with OLS residuals. Econometrica: Journal of the Econometric Society, 271-285. DOI: https://doi.org/10.2307/2951597
]Search in Google Scholar
[
Quandt, R. E. (1960). Tests of the hypothesis that a linear regression system obeys two separate regimes. Journal of the American statistical Association, 55(290), 324-330. DOI: https://doi.org/10.1080/01621459.1960.10482067
]Search in Google Scholar
[
Redding, S. & Venables, A. J. (2004a). Geography and Export Performance: External Market Access and Internal Supply Capacity. NBER Chapters, in: Challenges to Globalization: Analyzing the Economics, pages 95-130 National Bureau of Economic Research, Inc.10.7208/chicago/9780226036557.003.0004
]Search in Google Scholar
[
Redding, S. & Venables, A. J. (2004). Economic Geography and International Inequality. Journal of International Economics, 62(1), 53-82. DOI: https://doi.org/10.1016/j.jinteco.2003.07.001.
]Search in Google Scholar
[
Rosati, D. (1992). Problems of Post-CMEA Trade and Payments. Discussion Paper 650. London: Center for Economic Policy Research.
]Search in Google Scholar
[
Slacik, T., Steiner, K. & Wörz, J. (2014). Can Trade Partners Help Better FORCEE the Future? Impact of Trade Linkages on Economic Growth Forecasts in Selected CESEE Countries. Focus on European Economic Integration, Oesterreichische Nationalbank.
]Search in Google Scholar
[
Smith, L. V. & Galesi, A. (2014). GVAR Toolbox 2.0. Retrieved from https://sites.google.com/site/gvarmodelling/gvar-toolbox.
]Search in Google Scholar
[
Sun, Y., Heinz, F. F. & Ho, G. (2013). Cross-Country Linkages in Europe: A Global VAR Analysis. IMF Working Paper, No. 13/194, 74.10.5089/9781484345474.001
]Search in Google Scholar
[
World Bank (2016) Croatia Policy Notes 2016: Restoring Macroeconomic Stability, Competitiveness and Inclusion.
]Search in Google Scholar
[
Yashiro, N., De Backer, K., Hutfilter, A. F., Kools, M. & Smidova, Z. (2017). Moving up the global value chain in Latvia. OECD Economics Department Working Papers, No. 1438, OECD Publishing, Paris, DOI: https://doi.org/10.1787/3a486c5e-en
]Search in Google Scholar
[
Zinnes, C., Eilat, Y. & Sachs, J. (2001). Benchmarking competitiveness in transition economies. Economics of Transition, 9(2), 315-353.10.1111/1468-0351.00078
]Search in Google Scholar