| Title: | Impact of terms-of-trade on Slovakia, the Czech Republic, and Croatia in the short run |
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| Authors: | ID Szomolányi, Karol (Author)
ID Lukáčik, Martin (Author)
ID Lukáčiková, Adriana (Author) |
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| Files: |  Nase_gospodarstvoOur_economy_2017_Szomolanyi,_Lukacik,_Lukacikova_Impact_of_Terms-of-Trade_on_Slovakia,_the_Czech_Republic,_and_Croatia.pdf (492,14 KB)
MD5: EEEB470D1936AF9E70CD451E4704AB91
PID: 20.500.12556/dkum/f408c7ac-94a9-4638-aee0-ae649d1bd437
 http://www.degruyter.com/view/j/ngoe.2017.63.issue-1/ngoe-2017-0001/ngoe-2017-0001.xml
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| Language: | English |
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| Work type: | Scientific work |
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| Typology: | 1.01 - Original Scientific Article |
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| Organization: | EPF - Faculty of Business and Economics
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| Abstract: | The terms-of-trade shocks are not main source of business cycles in three post-communist countries (i.e., Slovakia, the Czech Republic, and Croatia). The zero or negative reactions of the trade balance in terms-of-trade positive shocks in the countries exhibit the Obstfeld-Svensson-Razin effect, according to which the Harberger-Laursen-Metzler positive effect on terms-of-trade indicates that the smaller the trade balance, the more persistent the terms-of-trade shock is. The conclusions come from the structural vector autoregressive analysis of the cyclical components of terms-of-trade, trade balance, output, consumption, and investment in three post-communist countries. |
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| Keywords: | innovation, terms-of-trade, business cycle, Slovak economy, Czech economy, Croatian economy, trade balance |
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| Publication status: | Published |
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| Publication version: | Version of Record |
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| Year of publishing: | 2017 |
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| Number of pages: | str. 3-13 |
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| Numbering: | Letn. 63, št. 1 |
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| PID: | 20.500.12556/DKUM-68933  |
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| ISSN: | 0547-3101 |
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| UDC: | 339.5:330.33.01 |
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| ISSN on article: | 0547-3101 |
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| COBISS.SI-ID: | 12763676 |
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| DOI: | 10.1515/ngoe-2017-0001 |
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| NUK URN: | URN:SI:UM:DK:5DVGKQSS |
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| Publication date in DKUM: | 13.11.2017 |
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| Views: | 1904 |
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| Downloads: | 427 |
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| Metadata: |    |
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| Categories: | Misc.
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