Regression Analysis of Foreign Trade in the CR in 1993-1998

Vladimír Tomšík

Czech Journal of Economics and Finance (Finance a uver), 2001, vol. 51, issue 1, 46-58

Abstract: This paper presents regression analyses of import and export functions in the Czech Republic from 1993 to 1998. The first part of the article summarizes the standard Keynesian income approach to the balance of payments. This traditional theory is considered alongside the theory of the monetary approach. The author creates his own regression import and export function models, in which he uses, besides traditional variables (GDP, exchange rate, domestic and foreign inflation, import and export prices), such variables as real money supply, foreign direct investment, unemployment data and number of working days. The results imply that domestic demand growth, represented by the combined effects of GDP and money supply growth, is the most important factor in explaining import dynamics.

Keywords: elasticity of import; elasticity of export; trade balance; monetary approach to the balance of payments; Keynesian (income) approach to the balance of payments (search for similar items in EconPapers)
JEL-codes: C51 F17 F47 (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations:

Downloads: (external link)
http://journal.fsv.cuni.cz/storage/79_006_str_46_58.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fau:fauart:v:51:y:2001:i:1:p:46-58

Access Statistics for this article

More articles in Czech Journal of Economics and Finance (Finance a uver) from Charles University Prague, Faculty of Social Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Natalie Svarcova ().