Error Correction Models and Real Convergence - Case of Slovakia

• Autorzy: Rudolf Gavliak , Vladimír Úradníček , Emília Zimková

Warianty tytułu

Modele korekcji błędu i rzeczywista konwergencja - przypadek Słowacji

• Języki publikacji: EN

Abstrakty

EN

On January 1, 2009 the Slovak Republic entered the Economic and Monetary Union. This step is the confirmation that the country has fulfilled nominal criteria for monetary integration. The main aim of the monetary integration is sustainable economic growth and convergence of the real economy to most advanced EU countries. Long lasting mutual trend of analyzed indicators is searched by cointegration. In a short term there might be some deviations which are studied by error correction models (ECM). The output of the contribution is twofold. Firstly we will analyze the long-lasting equilibrium of the real economy, and secondly we will estimate the duration whithin which the searched variables are returning to the longlasting equilibrium in the case of the short-term deviations. (original abstract)

1 stycznia 2009 r. Słowacja weszła do Europejskiej Unii Monetarnej. Słowacja spełniła kryteria integracji monetarnej. Celami tej integracji są zrównoważony rozwój i konwergencja. W pracy analizowany jest trwały punkt równowagi realnej gospodarki oraz szacowana jest długość trwania w przypadku krótkotrwałych zakłóceń. (abstrakt oryginalny)

Słowa kluczowe

EN

Real convergence; Economic and Monetary Union (EMU); Monetary integration

PL

Konwergencja realna; Unia Gospodarcza i Walutowa (UGW); Integracja monetarna

• Czasopismo: Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
• Rocznik: 2009
• Numer: nr 66 Towards Information-Based Welfare Society
• Strony: 62--71

Twórcy

autor

Rudolf Gavliak

• Matej Bel University, Banská Bystrica, Slovakia

autor

Vladimír Úradníček

• Matej Bel University, Banská Bystrica, Slovakia

autor

Emília Zimková

• Matej Bel University, Banská Bystrica, Slovakia

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