BazEkon - The Main Library of the Cracow University of Economics

BazEkon home page

Main menu

Author
Gavliak Rudolf (Matej Bel University, Banská Bystrica, Slovakia), Úradníček Vladimír (Matej Bel University, Banská Bystrica, Slovakia), Zimková Emília (Matej Bel University, Banská Bystrica, Slovakia)
Title
Error Correction Models and Real Convergence - Case of Slovakia
Modele korekcji błędu i rzeczywista konwergencja - przypadek Słowacji
Source
Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu, 2009, nr 66, s. 62-71, tab., bibliogr. 16 poz.
Research Papers of Wrocław University of Economics
Issue title
Towards Information-Based Welfare Society
Keyword
Konwergencja realna, Unia Gospodarcza i Walutowa (UGW), Integracja monetarna
Real convergence, Economic and Monetary Union (EMU), Monetary integration
Note
summ., streszcz.
Country
Republika Słowacka
Slovak Republic
Abstract
1 stycznia 2009 r. Słowacja weszła do Europejskiej Unii Monetarnej. Słowacja spełniła kryteria integracji monetarnej. Celami tej integracji są zrównoważony rozwój i konwergencja. W pracy analizowany jest trwały punkt równowagi realnej gospodarki oraz szacowana jest długość trwania w przypadku krótkotrwałych zakłóceń. (abstrakt oryginalny)

On January 1, 2009 the Slovak Republic entered the Economic and Monetary Union. This step is the confirmation that the country has fulfilled nominal criteria for monetary integration. The main aim of the monetary integration is sustainable economic growth and convergence of the real economy to most advanced EU countries. Long lasting mutual trend of analyzed indicators is searched by cointegration. In a short term there might be some deviations which are studied by error correction models (ECM). The output of the contribution is twofold. Firstly we will analyze the long-lasting equilibrium of the real economy, and secondly we will estimate the duration whithin which the searched variables are returning to the longlasting equilibrium in the case of the short-term deviations. (original abstract)
Accessibility
The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics
Full text
Show
Bibliography
Show
  1. Barro R.J., Economic Growth in a Cross Section of Countries, NBER Working Paper 3120, 1989.
  2. Barro R.J., "Economic growth in a cross section of countries", Quarterly Journal of Economics 1991, vol. 106, pp. 407-443.
  3. Barro R.J., Sala-i-Martin X., "Convergence", Journal of Political Economy 1992, vol. 100, pp. 223-251.
  4. Barro R.J., Sala-i-MartinX., Economic Growth, MIT Press, Cambridge1995.
  5. Engle R.F., Granger C.W.J.,. "Cointegration and error-correction: Representation, estimation, and testing", Econometrica 1987, vol. 55, pp. 251-276.
  6. European Central Bank, Convergence Report May 2008.
  7. EViews 6 Documentation, Irvine: Quantitative Micro Software, 2007, http://www.eviews.com/ eviews6/eviews6/EViews6Pdf_111307.exe (retrieved 11.8.2008).
  8. Green W.H., Econometric Analyses, Prentice Hall, London 1997.
  9. Heij Ch., De Boer P., Frances P.H., Kloek T., Van Dijk H.K., Econometric Methods with Application in Business and Economics, Oxford University Press, New York 2004.
  10. Hrubina P., Gavliak R., "Analýza reálnej konvergencie ekonomík krajín V4 k Eurozóne", Forum statisticum slovacum 2008, no. 1, pp. 46-51.
  11. Hušek R., Pelikán J., Aplikovaná ekonometrie. Teorie a praxe, Professional Publishing, Praha 2003.
  12. Johansen S., Likelihood-Based Inference in Cointegrated Vector Autoregressive Models, Oxford University Press, Oxford 1995.
  13. Johnston J., DiNardo J., Econometric Methods, McGraw-Hill, New York 1997.
  14. Kaitila V., "Integration and conditional convergence in the enlarged EU area", ENEPRI Working Paper no. 31, February 2005.
  15. Quah D.T., "Empirics for economic growth and convergence", European Economic Revue 1996, vol. 40, pp. 1353-1375.
  16. Sala-i-Martin X., "Regional cohesion: Evidence and theories of regional growth and convergence", European Economic Review 1996, vol. 40, pp. 1325-1352.
Cited by
Show
ISSN
1899-3192
Language
eng
Share on Facebook Share on Twitter Share on Google+ Share on Pinterest Share on LinkedIn Wyślij znajomemu