Examining relations between Slovakia and foreign partners: a cointegrated vector autoregressive approach

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F13%3A86086816" target="_blank" >RIV/61989100:27510/13:86086816 - isvavai.cz</a>
Result on the web
<a href="https://mme2013.vspj.cz/about-conference/conference-proceedings" target="_blank" >https://mme2013.vspj.cz/about-conference/conference-proceedings</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Examining relations between Slovakia and foreign partners: a cointegrated vector autoregressive approach
Original language description
Slovakia as a small open economy is highly dependent on foreign environment. The focus of this study is oriented on Slovakia?s relations with its most important foreign trade partners. Based on relationships derived from economic theory by means of AA-DDmodel a small open economy structural model is constructed. As most of macroeconomic variables are non-stationary, the suitability of cointegration approach is verified. The study models relations with foreign partners using a Cointegrated Vector Auto-regressive approach. The following five long-run equilibrium relations are examined and adjusted for the case of Slovakia: relative purchasing power parity, money sup-ply, output relations, uncovered interest rate parity, and Fisher inflation parity. Theforeign partners are characterized by their aggregate domestic demand, consumer prices and interest rate. Also the importance of convergence of Slovakia?s economic development to its foreign trade partners is investigated considering its
Czech name
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Czech description
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Mathematical Methods in Economics 2013 : 31st international conference : 11-13 September 2013, Jihlava, Czech Republic
ISBN
978-80-87035-76-4
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
350-355
Publisher name
College of Polytechnics Jihlava
Place of publication
Jihlava
Event location
Jihlava
Event date
Sep 11, 2013
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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