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Export and Import Functions (Empirical Analysis on the Example of the Czech Republic)

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  • František Obešlo

Abstract

This paper focuses on import and export of goods of the Czech Republic. The Czech Republic is very open country in European Union. Ratio of import and export of goods and services to GDP is above European Union average. The goal is to find explanatory variables, which have an influence on import and export of goods and to build robust and economically interpretable models. Models are created by cointegration analysis. The advantage of cointegration analysis and error correction models is avoiding spurious regression and differentiation of short-term and long-term relations. There will be used ARDL approach for building models.

Suggested Citation

  • František Obešlo, 2017. "Export and Import Functions (Empirical Analysis on the Example of the Czech Republic)," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2017(3), pages 5-15.
    • Handle: RePEc:prg:jnlefa:v:2017:y:2017:i:3:id:184:p:05-16
    DOI: 10.18267/j.efaj.184
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    References listed on IDEAS

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    1. David Havrlant & Roman Hušek, 2011. "Models of Factors Driving the Czech Export," Prague Economic Papers, Prague University of Economics and Business, vol. 2011(3), pages 195-215.
    2. Bela Balassa, 1964. "The Purchasing-Power Parity Doctrine: A Reappraisal," Journal of Political Economy, University of Chicago Press, vol. 72(6), pages 584-584.
    3. Martin Mandel & Vladimír Tomšík, 2001. "Mix monetární a fiskální politiky v České republice: empirická verifikace modelu efektivní tržní klasifikace [Monetary and fiscal policy mix in the Czech Republic: empirical verification of the principle of effective market classification]," Politická ekonomie, Prague University of Economics and Business, vol. 2001(2).
    4. Josef Taušer & Markéta Arltová & Pavel Žamberský, 2015. "Czech Exports and German GDP: A Closer Look," Prague Economic Papers, Prague University of Economics and Business, vol. 2015(1), pages 17-37.
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    More about this item

    Keywords

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    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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