Naslov
Sustainability of the trade flows: the case of Bulgaria

Autori
Bošnjak, Mile ; Bilas, Vlatka ; Novak, Ivan

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Trade perspectives 2018 Contemporary aspects and role of international trade / Baković, Tomislav ; Naletina, Dora ; Knežević, Blaženka - Zagreb : Faculty of Economics and Business Zagreb & Croatian Chamber of Economy, 2018, 49-58

ISBN
978-953-346-070-3

Skup
Trade Perspectives 2018: Contemporary Aspects and Role of International Trade

Mjesto i datum
Zagreb, Hrvatska, 28.11.2018. - 29.11.2018

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Vector Error Correction Model, Imports, Exports, Bulgaria

Sažetak
The aim of the research is to examine the Bulgarian trade flows sustainability. Vector Error Correction Model (VECM) on a monthly data sample from the January 2009 to December 2016 illustrated co-integrating relationship between Bulgarian exports and imports. Granger causality test indicated bidirectional causality between the considered variables while the most of the adjustment was found to be governed by exports. Following univariate approach Bulgarian net export is found to exhibit ARIMA (3, 0) process with drift. The paper brings estimates of Bulgarian trade flows sustainability.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA