Long-run Relations in a Small Open Economy of the Czech Republic and the Slovak Republic
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F17%3A10237885" target="_blank" >RIV/61989100:27510/17:10237885 - isvavai.cz</a>
Result on the web
<a href="https://www.sav.sk/index.php?lang=sk&doc=journal-list&part=list_articles&journal_issue_no=11114150#abstract_13821" target="_blank" >https://www.sav.sk/index.php?lang=sk&doc=journal-list&part=list_articles&journal_issue_no=11114150#abstract_13821</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Long-run Relations in a Small Open Economy of the Czech Republic and the Slovak Republic
Original language description
A small open economy is highly dependent on foreign environments. This article investigates equilibrium relations between a small open economy and its foreign trade partners. Based on long-run relationships developed by Garratt et al. (2003) a structural model for the Czech Republic (CR) and Slovak Republic (SR) is constructed for period 2002Q1 to 2015Q4. As most of the macroeconomic variables are nonstationary, the Cointegrated Vector Autoregressive Approach (CVAR) is used for empirical analysis. The following five long-run equilibrium relations are examined: relative purchasing power parity, uncovered interest rate parity, Fisher inflation parity, money market equilibrium, and output relation. The estimation results of the long-run relations confirmed similarities between these economies.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Ekonomický časopis
ISSN
0013-3035
e-ISSN
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Volume of the periodical
65
Issue of the periodical within the volume
5
Country of publishing house
SK - SLOVAKIA
Number of pages
18
Pages from-to
408-425
UT code for WoS article
000407667500002
EID of the result in the Scopus database
2-s2.0-85029572742