Importance of the interactions between Czech and Slovak economy

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Importance of the interactions between Czech and Slovak economy

Popis výsledku v původním jazyce

The paper tries to answer the question to what extent there are interactions between Czech and Slovak economy. For this purpose, a DSGE model of two small open economies with foreign sector is employed. Compared to the model framework with one small openeconomy, the model allows for trade between the small open economies which implies that there are two types of importers according to the origin of the imported goods. Four variants of model are estimated using Bayesian method. The variants differ in the assumptions about interactions between Czech and Slovak economy. The variant that best explains data is used to assess the importance of interactions between these two economies. To complete the assessment of interactions between these two economies, the paper presents forecast error variance decomposition of shocks and shock decomposition of selected variables.

Název v anglickém jazyce

Importance of the interactions between Czech and Slovak economy

Popis výsledku anglicky

The paper tries to answer the question to what extent there are interactions between Czech and Slovak economy. For this purpose, a DSGE model of two small open economies with foreign sector is employed. Compared to the model framework with one small openeconomy, the model allows for trade between the small open economies which implies that there are two types of importers according to the origin of the imported goods. Four variants of model are estimated using Bayesian method. The variants differ in the assumptions about interactions between Czech and Slovak economy. The variant that best explains data is used to assess the importance of interactions between these two economies. To complete the assessment of interactions between these two economies, the paper presents forecast error variance decomposition of shocks and shock decomposition of selected variables.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2011

Kód důvěrnosti údajů

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

Název statě ve sborníku

Mathematical Methods in Economics 2011

ISBN

978-80-7431-058-4

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

41-46

Název nakladatele

University of Economics, Faculty of Informatics and Statistics

Místo vydání

Praha

Místo konání akce

Jánska Dolina, Slovakia

Datum konání akce

1. 1. 2011

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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