Examining relations between Slovakia and foreign partners: a cointegrated vector autoregressive approach

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F13%3A86086816" target="_blank" >RIV/61989100:27510/13:86086816 - isvavai.cz</a>

Výsledek na webu

<a href="https://mme2013.vspj.cz/about-conference/conference-proceedings" target="_blank" >https://mme2013.vspj.cz/about-conference/conference-proceedings</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Examining relations between Slovakia and foreign partners: a cointegrated vector autoregressive approach

Popis výsledku v původním jazyce

Slovakia as a small open economy is highly dependent on foreign environment. The focus of this study is oriented on Slovakia?s relations with its most important foreign trade partners. Based on relationships derived from economic theory by means of AA-DDmodel a small open economy structural model is constructed. As most of macroeconomic variables are non-stationary, the suitability of cointegration approach is verified. The study models relations with foreign partners using a Cointegrated Vector Auto-regressive approach. The following five long-run equilibrium relations are examined and adjusted for the case of Slovakia: relative purchasing power parity, money sup-ply, output relations, uncovered interest rate parity, and Fisher inflation parity. Theforeign partners are characterized by their aggregate domestic demand, consumer prices and interest rate. Also the importance of convergence of Slovakia?s economic development to its foreign trade partners is investigated considering its

Název v anglickém jazyce

Examining relations between Slovakia and foreign partners: a cointegrated vector autoregressive approach

Popis výsledku anglicky

Slovakia as a small open economy is highly dependent on foreign environment. The focus of this study is oriented on Slovakia?s relations with its most important foreign trade partners. Based on relationships derived from economic theory by means of AA-DDmodel a small open economy structural model is constructed. As most of macroeconomic variables are non-stationary, the suitability of cointegration approach is verified. The study models relations with foreign partners using a Cointegrated Vector Auto-regressive approach. The following five long-run equilibrium relations are examined and adjusted for the case of Slovakia: relative purchasing power parity, money sup-ply, output relations, uncovered interest rate parity, and Fisher inflation parity. Theforeign partners are characterized by their aggregate domestic demand, consumer prices and interest rate. Also the importance of convergence of Slovakia?s economic development to its foreign trade partners is investigated considering its

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

2013

Kód důvěrnosti údajů

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

Název statě ve sborníku

Mathematical Methods in Economics 2013 : 31st international conference : 11-13 September 2013, Jihlava, Czech Republic

ISBN

978-80-87035-76-4

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

350-355

Název nakladatele

College of Polytechnics Jihlava

Místo vydání

Jihlava

Místo konání akce

Jihlava

Datum konání akce

11. 9. 2013

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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