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Analýza závislosti exportu SR na vývoji ekonomiky SRN
[Export Dependency of Slovakia on German´s Economy]

Author

Listed:
  • Peter Baláž
  • Andrej Hamara

Abstract

The article analyses relationship between exports of goods and services of Slovakia and the development of economy of Germany as its major trading partner. On the basis of available data, it identifies the extent to which the export of SR depends on development of GDP in Germany, changes of its internal demand and also the extent to which there is a correlation between Slovak and German exports. Cointegration analysis, used to obtain relevant information about these links, verified on real data if there is a long-term equilibrium relationship between these variables and whether the intensity of dependence is really so high. Achieved results suggest that the Slovak exports and imports of goods to Germany, as well as the export of goods from Germany abroad, shows an intensive, long-term equilibrium relationship which largely determines the performance of Slovak economy and its competitiveness on international markets.

Suggested Citation

  • Peter Baláž & Andrej Hamara, 2016. "Analýza závislosti exportu SR na vývoji ekonomiky SRN [Export Dependency of Slovakia on German´s Economy]," Politická ekonomie, Prague University of Economics and Business, vol. 2016(5), pages 573-590.
    • Handle: RePEc:prg:jnlpol:v:2016:y:2016:i:5:id:1088:p:573-590
    DOI: 10.18267/j.polek.1088
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    More about this item

    Keywords

    competitivness; cointegration analysis; European Union; export efficiency; Slovak economy;
    All these keywords.

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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