Comparative Analysis of Foreign Trade in Selected European Countries

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F18%3A50015844" target="_blank" >RIV/62690094:18450/18:50015844 - isvavai.cz</a>

Result on the web

<a href="https://ems.uniza.sk/wp-content/uploads/2019/03/EMS_2_2018_10_Kovarnik_Hamplova.pdf" target="_blank" >https://ems.uniza.sk/wp-content/uploads/2019/03/EMS_2_2018_10_Kovarnik_Hamplova.pdf</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.26552/ems.2018.2.106-117" target="_blank" >10.26552/ems.2018.2.106-117</a>

Result language

angličtina

Original language name

Comparative Analysis of Foreign Trade in Selected European Countries

Original language description

Foreign trade plays important role in the economy of every country. It not only solves the proportionality problem and builds the demonstrative effect, but most of all, it supports economic development. This article deals with selected aspects of foreign trade in countries from central Europe, namely in the Czech Republic, Slovakia, Poland, Hungary, Germany, and Austria. The Czech Republic, Slovakia, Poland, and Hungary are members of so called Viszegrad Four, where Germany and Austria are neighbours of some of these countries, but also very important business partners for them. Methods of comparative analysis and of point rating have been used in this article, where special attention has been placed on three different topics. First one is about comparative analysis of economic development in mentioned countries, especially about the GDP development and foreign trade development. Second one is about the verification of hypothesis about openness of the economy, where theory claims that strong and large countries are usually less open, compared to weak and small countries. According to this proclamation should be Germany, Austria, and Poland less open than the other analysed countries. Two different calculations have been used for verification of this hypothesis. Third topic is about the development of foreign trade in the countries with and without Euro. Germany, Austria, and Slovakia have been using Euro as domestic currency, where other analysed countries have their own currencies. The article compares the development in these countries with the aim to find similarities and differences.

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2018

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Economic and Managerial Spectrum

ISSN

1337-0839

e-ISSN

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Volume of the periodical

12

Issue of the periodical within the volume

2

Country of publishing house

SK - SLOVAKIA

Number of pages

12

Pages from-to

106-117

UT code for WoS article

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EID of the result in the Scopus database

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