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Comparison of methodological approaches to identify economic activity regularities in transition economy

Author

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  • Jitka Poměnková

    (Ústav radioelektroniky, Fakulta elektrotechniky a komunikačních technologií, Vysoké učení technické v Brně, Purkyňova 118, 612 00 Brno, Česká republika)

  • Svatopluk Kapounek

    (Výzkumné centrum, Provozně ekonomická fakulta, Mendelova univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika)

  • Roman Maršálek

    (Ústav radioelektroniky, Fakulta elektrotechniky a komunikačních technologií, Vysoké učení technické v Brně, Purkyňova 118, 612 00 Brno, Česká republika)

Abstract

Presented paper focuses on consideration and evaluation of methodical approaches to analyze cyclical structure character of economic activity in transition economy. As a starting point, work in time domain is applied, which is followed in frequency domain approach. Both approaches are viewed from methodical as well as application point of view and their advantage and disadvantage are discussed. Consequently, time-frequency domain approach is added and applied on real data. On the basis of obtained results recommendation is formulated. All discussed methodical approaches are also considered from the perspective of capability to evaluate behaving of business cycle in time of global economic crisis before/after year 2008. The empirical part of the paper deals with data of gross domestic product in the Czech Republic in 1996/Q1-2010/Q2.

Suggested Citation

  • Jitka Poměnková & Svatopluk Kapounek & Roman Maršálek, 2011. "Comparison of methodological approaches to identify economic activity regularities in transition economy," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 59(7), pages 283-292.
    • Handle: RePEc:mup:actaun:actaun_2011059070283
    DOI: 10.11118/actaun201159070283
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    Cited by:

    1. Svatopluk Kapounek & Jitka Poměnková, 2012. "Liquidity supply and money velocity co-movements in the Eurozone - Time-Frequency Domain Approach," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 60(2), pages 109-116.

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