Multiresolution Analysis of the Global Financial Crisis Influence on the GDP Growth in Visegrad Countries

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F44555601%3A13510%2F19%3A43896350" target="_blank" >RIV/44555601:13510/19:43896350 - isvavai.cz</a>

Výsledek na webu

<a href="https://ibima.org/accepted-paper/16614-2/" target="_blank" >https://ibima.org/accepted-paper/16614-2/</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Multiresolution Analysis of the Global Financial Crisis Influence on the GDP Growth in Visegrad Countries

Popis výsledku v původním jazyce

There are two main objectives of the article: a) to analyse GDP growth rate in the Visegrad countries in the years 2003-2016 with special attention given to the potential influence of the last global financial crisis; b) to assess the differences in the degree of the impact of the global crisis on the economies. In the research the multiresolution analysis was applied, which enabled to assess the GDP growth rate for selected countries and the level of its fluctuations at various levels of resolution. The above-average, negative values of the GDP growth rate and the high volatility of its fluctuations at selected levels of resolution may indicate an instability of the economy and its sensitivity to negative shocks, which form the long term perspective can be considered as a barrier for sustainable growth based on entrepreneurial attitudes of societies. The research confirms the existence of a different degree of resilience of these economies to the global crisis. This indicates that the practice of grouping the Visegrad in a single investment risk basket, which is still present, does not have to be justified.

Název v anglickém jazyce

Multiresolution Analysis of the Global Financial Crisis Influence on the GDP Growth in Visegrad Countries

Popis výsledku anglicky

There are two main objectives of the article: a) to analyse GDP growth rate in the Visegrad countries in the years 2003-2016 with special attention given to the potential influence of the last global financial crisis; b) to assess the differences in the degree of the impact of the global crisis on the economies. In the research the multiresolution analysis was applied, which enabled to assess the GDP growth rate for selected countries and the level of its fluctuations at various levels of resolution. The above-average, negative values of the GDP growth rate and the high volatility of its fluctuations at selected levels of resolution may indicate an instability of the economy and its sensitivity to negative shocks, which form the long term perspective can be considered as a barrier for sustainable growth based on entrepreneurial attitudes of societies. The research confirms the existence of a different degree of resilience of these economies to the global crisis. This indicates that the practice of grouping the Visegrad in a single investment risk basket, which is still present, does not have to be justified.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2019

Kód důvěrnosti údajů

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

Název statě ve sborníku

EDUCATION EXCELLENCE AND INNOVATION MANAGEMENT THROUGH VISION 2020

ISBN

978-0-9998551-2-6

ISSN

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e-ISSN

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Počet stran výsledku

11

Strana od-do

7355-7365

Název nakladatele

International Business information management ASSOC-IBIMA

Místo vydání

Norristown, USA

Místo konání akce

Granada, Spain

Datum konání akce

10. 4. 2019

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000510675602080