Regional Cooperation of the Post-Soviet Countries - Can it Be Influenced by the Structure of the Economy?

Irena Benešová, Lubos Smutka, Lenka Rumánková, Adriana Laputková and Zuzana Novotná
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Irena Benešová: Department of Economics, Faculty of Economics and Managment, Czech University of Life Sciences in Prague, Kamýcká 129, Prague 6 - Suchdol, Czech Republic
Lenka Rumánková: Department of Economics, Faculty of Economics and Managment, Czech University of Life Sciences in Prague, Kamýcká 129, Prague 6 - Suchdol, Czech Republic
Adriana Laputková: Department of Languages, Faculty of Economics and Managment, Czech University of Life Sciences in Prague, Kamýcká 129, Prague 6 - Suchdol, Czech Republic
Zuzana Novotná: Department of statistics, Faculty of Economics and Managment, Czech University of Life Sciences in Prague, Kamýcká 129, Prague 6 - Suchdol, Czech Republic

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2016, vol. 64, issue 6, 1843-1856

Abstract: In recent decades, economic development has largely been influenced by globalisation of the world economy. Regional cooperation represents a certain alternative for the ongoing globalisation and concerns establishment of geographically larger markets. Through regional integration, countries are better able to react to changes in the external environment and therefore a larger market scale enables better marketing opportunities.The conclusion of this research is the fact that despite significant differences between, for example, GDP per capita or the economic growth, there is still similarity in the business cycle or even GDP creation when private consumption and stockbuilding play the key role. In addition, most of the countries mentioned have a negative contribution of export to their GDP, which is closely related to the structure of export itself and its dependency on primary products.

Keywords: Post-Soviet countries; GDP creation; regional cooperation; private consumption; stockbuilding (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:mup:actaun:actaun_2016064061843

DOI: 10.11118/actaun201664061843

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