Influence of cyclical development of the most significant foreign-trade partners on small open economy (VAR approach)

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F12%3A86083201" target="_blank" >RIV/61989100:27510/12:86083201 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Influence of cyclical development of the most significant foreign-trade partners on small open economy (VAR approach)
Original language description
Small open economy is characterized by two basic attributes: significant share of foreign trade and negligible influence on world prices or interest rates. The Slovak Republic (SR) is a typical example of small open economy, as the openness of its economy is approx. 160% according to data of 2011 (defined as the share of total export and import of goods in GDP at current prices). The main objective of this paper is to identify an influence of foreign factors on the domestic economy. The empirical approach VAR (vector autoregression) is applied for this purpose. Both domestic and foreign economies are represented by basic macroeconomic indicators - gross domestic product, inflation and interest rate and the foreign economy also by the exchange rate andoil price. The most significant foreign partners of the SR are selected according to their maximum contribution to the openness of the Slovak economy. To identify the vector autoregression (VAR), the Cholesky decomposition and structural
Czech name
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Czech description
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Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of 30th International Conference Mathematical Methods in Economics : 11-13 September 2012, Karviná, Czech Republic
ISBN
978-80-7248-779-0
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
390-395
Publisher name
Slezská univerzita v Opavě
Place of publication
Opava
Event location
Karviná
Event date
Sep 11, 2012
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000316715900067

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