Econometric Analysis and Forecasts on Exports of Emerging Economies from Central and Eastern Europe
Liviu Popescu et al.
Abstract
This study examines the evolution, heterogeneity, and short-term prospects of export performance in seven Central and Eastern European (CEE) economies—Croatia, Czech Republic, Hungary, Poland, Romania, Bulgaria, and Slovakia—over the period 1995–2024. Using annual World Bank data, exports are modeled as a share of GDP to ensure cross-country comparability and to capture differences in trade dependence. The analysis combines descriptive and inferential statistics with Augmented Dickey–Fuller tests, non-parametric comparisons, Granger causality analysis, and country-specific ARIMA models to investigate export dynamics, the role of foreign direct investment (FDI), and future export trajectories. The results reveal a common long-term upward trend in export intensity across all countries, driven by European integration and structural transformation, but with pronounced cross-country differences in export dependence and volatility. Highly open economies such as Slovakia, Hungary, and the Czech Republic exhibit strong export performance alongside greater exposure to external shocks, while larger domestic markets such as Poland and Romania display lower export intensity and greater stabilization. Granger causality tests indicate that FDI contributes to export growth in several economies, often with multi-year lags, highlighting the importance of absorptive capacity and institutional quality in translating investment inflows into export competitiveness. ARIMA-based forecasts for 2025–2027 suggest continued export expansion and relative stabilization despite recent global disruptions. This study’s primary contribution lies in integrating comparative export analysis, causality testing, and short-term forecasting within a unified econometric framework, offering policy-relevant insights into export-led growth and economic convergence in post-transition European economies.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.