Influence of cyclical development of the most significant foreign-trade partners on small open economy (VAR approach)

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

Influence of cyclical development of the most significant foreign-trade partners on small open economy (VAR approach)

Popis výsledku v původním jazyce

Small open economy is characterized by two basic attributes: significant share of foreign trade and negligible influence on world prices or interest rates. The Slovak Republic (SR) is a typical example of small open economy, as the openness of its economy is approx. 160% according to data of 2011 (defined as the share of total export and import of goods in GDP at current prices). The main objective of this paper is to identify an influence of foreign factors on the domestic economy. The empirical approach VAR (vector autoregression) is applied for this purpose. Both domestic and foreign economies are represented by basic macroeconomic indicators - gross domestic product, inflation and interest rate and the foreign economy also by the exchange rate andoil price. The most significant foreign partners of the SR are selected according to their maximum contribution to the openness of the Slovak economy. To identify the vector autoregression (VAR), the Cholesky decomposition and structural

Název v anglickém jazyce

Influence of cyclical development of the most significant foreign-trade partners on small open economy (VAR approach)

Popis výsledku anglicky

Small open economy is characterized by two basic attributes: significant share of foreign trade and negligible influence on world prices or interest rates. The Slovak Republic (SR) is a typical example of small open economy, as the openness of its economy is approx. 160% according to data of 2011 (defined as the share of total export and import of goods in GDP at current prices). The main objective of this paper is to identify an influence of foreign factors on the domestic economy. The empirical approach VAR (vector autoregression) is applied for this purpose. Both domestic and foreign economies are represented by basic macroeconomic indicators - gross domestic product, inflation and interest rate and the foreign economy also by the exchange rate andoil price. The most significant foreign partners of the SR are selected according to their maximum contribution to the openness of the Slovak economy. To identify the vector autoregression (VAR), the Cholesky decomposition and structural

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

2012

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of 30th International Conference Mathematical Methods in Economics : 11-13 September 2012, Karviná, Czech Republic

ISBN

978-80-7248-779-0

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

390-395

Název nakladatele

Slezská univerzita v Opavě

Místo vydání

Opava

Místo konání akce

Karviná

Datum konání akce

11. 9. 2012

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000316715900067