Macro-econometric Modelling of Maastricht Convergence Criteria Influence on Economic Growth: evidence from V4 countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F14%3A86086979" target="_blank" >RIV/61989100:27510/14:86086979 - 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
Macro-econometric Modelling of Maastricht Convergence Criteria Influence on Economic Growth: evidence from V4 countries
Original language description
Since creation of the Euro Area the fulfillment of the Maastricht criteria is the exhaustively defined condition for the adoption of the euro. Given that these criteria were criticized from the very beginning, the importance of study of real convergencehas become again vivid in past years. In 2008, most of the European Union member states experienced significant growth deceleration and this systemic crisis has certainly affected the convergence process. Thus this paper aims to evaluate the Maastricht criteria influence on real convergence and to show how recent crisis affected the real convergence process in Visegrad Group countries to the Euro Area average economic level. The model is calculated using panel regression method with multiplicative dummyvariables and the model parameters are estimated by GLS estimator. Evidence from Visegrad Group countries indicates convergence slowdown in times of a recession, however it does not confirmed any divergence during crisis.
Czech name
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Czech description
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Project
<a href="/en/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Research team for modelling of economic and financial processes at VSB-TU Ostrava</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Mathematical methods in finance and business administration : proceedings of the 8th International Conference on Business Administration (ICBA '14) ... : Tenerife, Spain, January 10-12, 2014
ISBN
978-960-474-360-5
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
61-67
Publisher name
WSEAS Press
Place of publication
[Španělsko]
Event location
Tenerife
Event date
Jan 10, 2014
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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