Publication details

IMPACT OF TRADE ON ECONOMIC GROWTH IN THE CZECH AND SLOVAK REPUBLICS

Authors

ŽÍDEK Libor FITZOVÁ Hana

Year of publication 2015
Type Article in Periodical
Magazine / Source Economics and Sociology
MU Faculty or unit

Faculty of Economics and Administration

Citation
Web http://m.economics-sociology.eu/files/ES_8_2_Fitzova.pdf
Doi http://dx.doi.org/10.14254/2071-789X.2015/8-2/4
Field Economy
Keywords Czech and Slovak trade; export-led growth; cointegration; VAR model
Attached files
Description This paper examines the relationship between trade and economic growth in the Czech and Slovak Republics. The situation after the Velvet revolution in 1989 is discussed at first. The change of the structure of the trade and the orientation of the trade in both republics are explained and illustrated on available data. The empirical part proved an analysis of the relationship between trade and GDP growth, using econometric analysis. Theory of cointegration, the vector error correction model and Granger causalities are employed. A long-term equilibrium among the investigated variables is identified in both countries. The empirical findings also indicate important role of exports in the economic growth in both republics. We conclude that economic growth in both of the countries can be identified as export-led.
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