01617cas a2200241 a 4500 AALejournalIMF004524 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451865219 1018-5941 BD-DhAAL BD-DhAAL Gutierrez, Eva. Export Performance and External Competitiveness in the former Yugoslav Republic of Macedonia / Eva Gutierrez. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews a broad set of indicators of competitiveness in the Macedonian economy and estimates the equilibrium real effective exchange rate (REER) using different methodologies. Although the REER is broadly in equilibrium at present, structural factors are found to hamper competitiveness. While a more competitive exchange rate might improve short-term export performance, sustained improvements require enhanced productivity and resource reallocation to more dynamic sectors, which depends on reforms to improve the business environment. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2006/261 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/261/001.2006.issue-261-en.xml IMF e-Library