EXPORTS AND DOMESTIC DEMAND PRESSURE: A DYNAMIC PANEL DATA MODEL FOR THE EURO AREA COUNTRIES Working Papers 2014 Elena Bobeica | Paulo Soares Esteves | António Rua | Karsten Staehr 15 15 EXPORTS AND DOMESTIC DEMAND PRESSURE: A DYNAMIC PANEL DATA MODEL FOR THE EURO AREA COUNTRIES Working Papers 2014 Elena Bobeica | Paulo Soares Esteves | António Rua | Karsten Staehr October 2014 The analyses, opinions and findings of these papers represent the views of the authors, they are not necessarily those of the Banco de Portugal or the Eurosystem Please address correspondence to Banco de Portugal, Economics and Research Department Av. Almirante Reis 71, 1150-012 Lisboa, Portugal T +351 213 130 000 | estudos@bportugal.pt Lisbon, 2014 • www.bportugal.pt WORKING PAPERS | Lisbon 2014 • Banco de Portugal Av. 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