Multiresolution Analysis of the Global Financial Crisis Influence on the GDP Growth in Visegrad Countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F44555601%3A13510%2F19%3A43896350" target="_blank" >RIV/44555601:13510/19:43896350 - isvavai.cz</a>
Result on the web
<a href="https://ibima.org/accepted-paper/16614-2/" target="_blank" >https://ibima.org/accepted-paper/16614-2/</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Multiresolution Analysis of the Global Financial Crisis Influence on the GDP Growth in Visegrad Countries
Original language description
There are two main objectives of the article: a) to analyse GDP growth rate in the Visegrad countries in the years 2003-2016 with special attention given to the potential influence of the last global financial crisis; b) to assess the differences in the degree of the impact of the global crisis on the economies. In the research the multiresolution analysis was applied, which enabled to assess the GDP growth rate for selected countries and the level of its fluctuations at various levels of resolution. The above-average, negative values of the GDP growth rate and the high volatility of its fluctuations at selected levels of resolution may indicate an instability of the economy and its sensitivity to negative shocks, which form the long term perspective can be considered as a barrier for sustainable growth based on entrepreneurial attitudes of societies. The research confirms the existence of a different degree of resilience of these economies to the global crisis. This indicates that the practice of grouping the Visegrad in a single investment risk basket, which is still present, does not have to be justified.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
EDUCATION EXCELLENCE AND INNOVATION MANAGEMENT THROUGH VISION 2020
ISBN
978-0-9998551-2-6
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
7355-7365
Publisher name
International Business information management ASSOC-IBIMA
Place of publication
Norristown, USA
Event location
Granada, Spain
Event date
Apr 10, 2019
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000510675602080

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