Long-run Relations in a Small Open Economy of the Czech Republic and the Slovak Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F17%3A10237885" target="_blank" >RIV/61989100:27510/17:10237885 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.sav.sk/index.php?lang=sk&doc=journal-list&part=list_articles&journal_issue_no=11114150#abstract_13821" target="_blank" >https://www.sav.sk/index.php?lang=sk&doc=journal-list&part=list_articles&journal_issue_no=11114150#abstract_13821</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Long-run Relations in a Small Open Economy of the Czech Republic and the Slovak Republic

Popis výsledku v původním jazyce

A small open economy is highly dependent on foreign environments. This article investigates equilibrium relations between a small open economy and its foreign trade partners. Based on long-run relationships developed by Garratt et al. (2003) a structural model for the Czech Republic (CR) and Slovak Republic (SR) is constructed for period 2002Q1 to 2015Q4. As most of the macroeconomic variables are nonstationary, the Cointegrated Vector Autoregressive Approach (CVAR) is used for empirical analysis. The following five long-run equilibrium relations are examined: relative purchasing power parity, uncovered interest rate parity, Fisher inflation parity, money market equilibrium, and output relation. The estimation results of the long-run relations confirmed similarities between these economies.

Název v anglickém jazyce

Long-run Relations in a Small Open Economy of the Czech Republic and the Slovak Republic

Popis výsledku anglicky

A small open economy is highly dependent on foreign environments. This article investigates equilibrium relations between a small open economy and its foreign trade partners. Based on long-run relationships developed by Garratt et al. (2003) a structural model for the Czech Republic (CR) and Slovak Republic (SR) is constructed for period 2002Q1 to 2015Q4. As most of the macroeconomic variables are nonstationary, the Cointegrated Vector Autoregressive Approach (CVAR) is used for empirical analysis. The following five long-run equilibrium relations are examined: relative purchasing power parity, uncovered interest rate parity, Fisher inflation parity, money market equilibrium, and output relation. The estimation results of the long-run relations confirmed similarities between these economies.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název periodika

Ekonomický časopis

ISSN

0013-3035

e-ISSN

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Svazek periodika

65

Číslo periodika v rámci svazku

5

Stát vydavatele periodika

SK - Slovenská republika

Počet stran výsledku

18

Strana od-do

408-425

Kód UT WoS článku

000407667500002

EID výsledku v databázi Scopus

2-s2.0-85029572742