A VECM approach to detangling growth, export, import and FDIi knot in selected CEE countries (CROSBI ID 616068)
Prilog sa skupa u zborniku | sažetak izlaganja sa skupa | međunarodna recenzija
Podaci o odgovornosti
Žiković, Saša ; Tomas Žiković, Ivana ; Grdinić, Maja
engleski
A VECM approach to detangling growth, export, import and FDIi knot in selected CEE countries
The authors analyze the relationship between GDP, import-coverage ratio (NEX), FDI and gross fixed capital formation (GFC) in selected CEE countries by using an error correction model. The empirical results confirm positive long-run influence of import-coverage ratio, FDI and GFC on GDP growth for all of the countries, except Croatia. In the case of Croatia there is a significant negative feedback between FDI and GDP growth in the long run and positive in the short run. By using B. Horvat research on this subject, a logical explanation of this sort of paradoxical behavior is suggested. Second uncommon result is the long run positive relationship between GDP and import-coverage ratio. The obtained result speaks in favor of a conservative approach to running a national economy, where the current account and the import-coverage ratio are taken into account and countries try to achieve economic growth through slower but stable, internally driven growth.
Error Correction Model; FDI; import coverage ratio; gross fixed capital; GDP; economic growth; CEE countries
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Podaci o prilogu
120-120.
2014.
objavljeno
Podaci o matičnoj publikaciji
15th International Conference on Operational Research (KOI 2014) : book of abstracts
Scitovski, Rudolf ; Zekić-Sušac, Marijana ; Lukač, Zrinka
Osijek: Hrvatsko društvo za operacijska istraživanja (CRORS)
Podaci o skupu
International Conference on Operational Research (15 ; 2014)
predavanje
24.09.2014-26.09.2014
Osijek, Hrvatska