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Gdp As A Risk Factor Of Czech Enterprises

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  • Veronika MACHOVA
  • Jakub HORAK

Abstract

The basic macroeconomic indicator used to measure the performance of the economy is gross domestic product. The achieving of sustainable economic growth, GDP growth, is one of primary goals of every country. In general, GDP growth is seen as a sign of the successful economy, it is able to consider the economy as prosperous economy. GDP can mean great possibility for the enterprises or some type of risk. It is necessary to analyse GDP for them in details, know the key to it. The aim of this paper is to make description of the development of GDP in Czechia in the years 2007 to 2018. The article analyses GDP of Czechia from the comprehensive statistical point of view. Distribution of the sample was specified by normality tests and P-P plot and Q-Q plot visualization. Autocorrelogram and partial autocorrelogram was made after that in time series. Inhomogeneous data of GDP period of the years indicated existence of a date at which there is a change in the data. Homogeneity tests showed not only one year of the change-point, but two different years were marked. It was computed using 10000 Monte Carlo simulations. Based on this was detected and declared positive statistical trend in economic growth of Czech Republic as well as significant synergic effect for Czech enterprises.

Suggested Citation

  • Veronika MACHOVA & Jakub HORAK, 2019. "Gdp As A Risk Factor Of Czech Enterprises," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 785-798, November.
    • Handle: RePEc:rom:mancon:v:13:y:2019:i:1:p:785-798
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