Econometric Analysis and Forecasts on Exports of Emerging Economies from Central and Eastern Europe

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.

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Publication Details

Journal
Econometrics
Published
2026-02-14
DOI
https://doi.org/10.3390/econometrics14010009
Primary Topic
Economic and Technological Innovation
Type
article
Field-Weighted Citation Impact
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article

Econometric Analysis and Forecasts on Exports of Emerging Economies from Central and Eastern Europe

Liviu Popescu, Cristian Drăgan, Ion Buligiu, Mirela Găman et al.
Econometrics
Economic and Technological Innovation
article

Econometric Analysis and Forecasts on Exports of Emerging Economies from Central and Eastern Europe

Liviu Popescu, Cristian Drăgan, Ion Buligiu, Mirela Găman, Daniel Militaru, Laurențiu Stelian Mihai
article en

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.

EconometricsVol. 14(1)
University of Craiova (RO)
Openalex Percentile: Top 61%
Economic and Technological Innovation
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Econometric Analysis and Forecasts on Exports of Emerging Economies from Central and Eastern Europe — Liviu Popescu, Cristian Drăgan, et al. · Econometrics (2026) | TGRS Research Map | TGRS