Naslov
A VECM approach to detangling growth, export, import and FDIi knot in selected CEE countries

Autori
Žiković, Saša ; Tomas Žiković, Ivana ; Grdinić, Maja

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
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), 2014, 120-120

Skup
International Conference on Operational Research (15 ; 2014)

Mjesto i datum
Osijek, Hrvatska, 24.09.2014. - 26.09.2014

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Error Correction Model; FDI; import coverage ratio; gross fixed capital; GDP; economic growth; CEE countries

Sažetak
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.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA