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The Effect of the Euro on Export Patterns: Empirical Evidence from Industry Data

Author

Listed:
  • Gavin Murphy

    (Economic and Social Research Institute (ESRI))

  • Iulia Siedschlag

    (Economic and Social Research Institute (ESRI))

Abstract

We estimate the euro effect on Irish export patterns using a panel of industry data over the period 1993-2004. Our innovation is to account for country and industry specific omitted trending variables bias. We find that the euro effect on Irish exports to the euro area countries relative to the rest of the trading partners of Ireland has been positive, significant and increasing since 2000. Furthermore, we find heterogeneous euro effects across industries. We find consistent significant positive euro effects for industries characterised by increasing returns to scale.

Suggested Citation

  • Gavin Murphy & Iulia Siedschlag, 2008. "The Effect of the Euro on Export Patterns: Empirical Evidence from Industry Data," Papers WP243, Economic and Social Research Institute (ESRI).
    • Handle: RePEc:esr:wpaper:wp243
    as

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    File URL: https://www.esri.ie/pubs/WP243.pdf
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    EMU; trade; Ireland;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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