Macro-econometric Modelling of Maastricht Convergence Criteria Influence on Economic Growth: evidence from V4 countries

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F14%3A86086979" target="_blank" >RIV/61989100:27510/14:86086979 - isvavai.cz</a>

Výsledek na webu

—

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

Macro-econometric Modelling of Maastricht Convergence Criteria Influence on Economic Growth: evidence from V4 countries

Popis výsledku v původním jazyce

Since creation of the Euro Area the fulfillment of the Maastricht criteria is the exhaustively defined condition for the adoption of the euro. Given that these criteria were criticized from the very beginning, the importance of study of real convergencehas become again vivid in past years. In 2008, most of the European Union member states experienced significant growth deceleration and this systemic crisis has certainly affected the convergence process. Thus this paper aims to evaluate the Maastricht criteria influence on real convergence and to show how recent crisis affected the real convergence process in Visegrad Group countries to the Euro Area average economic level. The model is calculated using panel regression method with multiplicative dummyvariables and the model parameters are estimated by GLS estimator. Evidence from Visegrad Group countries indicates convergence slowdown in times of a recession, however it does not confirmed any divergence during crisis.

Název v anglickém jazyce

Macro-econometric Modelling of Maastricht Convergence Criteria Influence on Economic Growth: evidence from V4 countries

Popis výsledku anglicky

Since creation of the Euro Area the fulfillment of the Maastricht criteria is the exhaustively defined condition for the adoption of the euro. Given that these criteria were criticized from the very beginning, the importance of study of real convergencehas become again vivid in past years. In 2008, most of the European Union member states experienced significant growth deceleration and this systemic crisis has certainly affected the convergence process. Thus this paper aims to evaluate the Maastricht criteria influence on real convergence and to show how recent crisis affected the real convergence process in Visegrad Group countries to the Euro Area average economic level. The model is calculated using panel regression method with multiplicative dummyvariables and the model parameters are estimated by GLS estimator. Evidence from Visegrad Group countries indicates convergence slowdown in times of a recession, however it does not confirmed any divergence during crisis.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

<a href="/cs/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Výzkumný tým pro modelování ekonomických a finančních procesů na VŠB-TU Ostrava</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

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

Název statě ve sborníku

Mathematical methods in finance and business administration : proceedings of the 8th International Conference on Business Administration (ICBA '14) ... : Tenerife, Spain, January 10-12, 2014

ISBN

978-960-474-360-5

ISSN

—

e-ISSN

—

Počet stran výsledku

7

Strana od-do

61-67

Název nakladatele

WSEAS Press

Místo vydání

[Španělsko]

Místo konání akce

Tenerife

Datum konání akce

10. 1. 2014

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

—