PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2015 | 8 | nr 2 | 36--50
Tytuł artykułu

Impact of Trade on Economic Growth in the Czech and Slovak Republics

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
This paper examines the relationship between trade and economic growth in the Czech and Slovak Republics. The situation after the Velvet revolution in 1989 is discussed at first. The change of the structure of the trade and the orientation of the trade in both republics are explained and illustrated on available data. The empirical part proved an analysis of the relationship between trade and GDP growth, using econometric analysis. Theory of cointegration, the vector error correction model and Granger causalities are employed. A long-term equilibrium among the investigated variables is identified in both countries. The empirical findings also indicate important role of exports in the economic growth in both republics. We conclude that economic growth in both of the countries can be identified as export-led. (original abstract)
Rocznik
Tom
8
Numer
Strony
36--50
Opis fizyczny
Twórcy
  • Masaryk University, Brno, Czech Republic
  • Masaryk University, Brno, Czech Republic
Bibliografia
  • Ahmet Ugur (2008), Import and Economic Growth in Turkey: Evidence from Multivariate VAR Analysis, Journal of Economics and Business, Vol. XI, No. 1-2, pp. 54-75.
  • Alhajhoj, H. (2007), Exports and Economic Growth in Saudi Arabia: A VAR Model Analysis, Journal of Applied Sciences 7 (23), pp. 3649-3658. DOI: http://dx.doi.org/10.3923/jas.2007.3649.3658.
  • Amiri, A., Gerdtham, U., G. (2011), Relationship between exports, imports and economic growth in France: evidence from cointegration analysis and Granger causality with using geostatistical models, Munich Personal Repec archive Paper No. 34190, http://mpra.ub.uni-muenchen.de/34190/ (referred on 20/05/2015).
  • Baharumshah, A. Z., and Rashid, S. (1999), Exports, Imports and Economic Growth in Malaysia: Empirical Evidence Based on Multivatiate Time Series, Asian Economic Journal, Vol. 13, No.(4), pp. 389-406. DOI: http://dx.doi.org/10.1111/1467-8381.00092.
  • Balassa, B. (1978), Export and economic growth: Further evidence, Journal of Development Economics, Vol. 5, Issue 2, pp. 181-189. DOI: http://dx.doi.org/10.1016/0304-3878(78)90006-8.
  • Balitskiy, S., Bilan, Y., & Strielkowski, W. (2014), Energy security and economic growth in the European union, Journal of Security and Sustainability Issues, 4(2), pp. 125-132.
  • Bilan, Y. (2009), Increase diversification through strengthened enabling environment for entrepreneurship: A focus on skill endowments and export orientation (example of Hungary and Poland), Economics and Sociology, 2(2), pp. 33-45.
  • Czech National Bank: Time Series Database ARAD, http://www.cnb.cz/docs/ARADY/HTML/index_en.htm (referred on 20/05/2015).
  • Czech Statistical Office: Public Database.
  • Dillon, P., and Wykoff, F. C. (2002), Creating Capitalism, Edward Edgar, Cheltenham UK. Emery, R. F. (1967), The Relation of Exports and Economic Growth, Kyklos, Vol. 20, Issue 4, pp. 470-486. DOI: http://dx.doi.org/10.1111/j.1467-6435.1967.tb00859.x
  • Engel, R. F., Granger, C. W. (1987), Cointegration and error correction representation, estimation and testing, Econometrica 5, pp. 31-57. DOI: http://dx.doi.org/10.2307/1913236
  • Granger, C. W. J. (1969), Investigating Causal Relations by Econometric Models and Cross-spectral Mehods, Econometrica, Vol. 37, No. 3, pp. 424-438. DOI: http://dx.doi.org/10.2307/1912791
  • GRETL (Gnu Regression, Econometrics and Time-series Library), software for econometric analysis available at http://gretl.sourceforge.net.
  • http://www.nbs.sk/sk/menova-politika/makroekonomicka-databaza (referred on 20/05/2015).
  • https://vdb.czso.cz/vdbvo/uvod.jsp (referred on 20/05/2015).
  • Jirges, T., and Plchova, B. (1996), Zahranićm obchod a nârodm hospodârstvi Ceské republiky, VSE, Prague.
  • Johansen, S. (1988). Statistical analysis of cointegration vectors, Journal of Economic Dynamics and Control, Vol. 12, No. 2-3, pp. 231-254. DOI: http://dx.doi.org/10.1016/0165-1889(88)90041-3.
  • Johansen, S., Juselius, K. (1990), Maximum likelihood estimation and inference on cointegration - with applications to the demand of money, Oxford Bulletin of Economics and Statistics, Vol. 52, No. 52, pp. 169-210.
  • Jonas, J. (1997), Ekonomickâ transformace v Ceské republice, Management Press, Prague.
  • Lavigne, M. (1999), The Economics of Transition, 2d ed. St. MartinS Press, New York.
  • Michal, J. S. (1994), Komparativni hospodârské systémy, Univerzita Karlova, Prague.
  • National Bank of Slovakia: Macroeconomic Database.
  • Pindyck, R., S., Rubinfeld, D. L. (1998), Econometric Models and Economic Forecasts, Fourth edition. Part of ISBN 0-07-913292-8. McGraw-Hill, USA.
  • Soukup, P. (1995), Celni unie mezi Ceskou republikou a Slovenskou republikou, Politickâ ekonomie, Vol. 43, No. 2, pp. 175-186.
  • Stancheva-Gigov, I., Poposka, K. (2014), Foreign Trade and Economic Growth a Panel Regression Analysis, International Journal of Economics, Commerce and Management, Vol. 2, No. 12, pp. 1-10.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171391653

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.