Influence of cyclical development of the most significant foreign-trade partners on small open economy (VAR approach)
Identifikátory výsledku
Kód výsledku v IS VaVaI
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Výsledek na webu
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DOI - Digital Object Identifier
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Alternativní jazyky
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
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
AH - Ekonomie
OECD FORD obor
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Návaznosti výsledku
Projekt
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Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2012
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
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