Time-series dynamics of Baltic trade flows: Structural breaks, regime shifts, and exchange-rate volatility
Journal: Journal of Economics and Management
Year: 2022

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 substan- tially. While the mix of trade partners has evolved over time, the region has been affect- ed 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. Bec