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AGROPOTRAVINÁRSKY OBCHOD SLOVENSKEJ REPUBLIKY PO VSTUPE DO EURÓPSKEJ ÚNIE

100%
Bartošová D., Bartová Ľ., Fidrmuc J.
Ekonomický časopis (Journal of Economics)
|
2007
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vol. 55
|
issue 4
327-344
EN
We analyse Slovak imports and exports of selected agro-food commodities between 1996 and 2005. The analysis includes the EU-15, selected new member states and candidate countries (Romania, Bulgaria), the Commonwealth of Independent States (CIS), USA and the rest of world (ROW). We show that the dynamic panel data models are appropriate tools for modelling of the agricultural trade flows. We find positive effects of the accession to the EU on Slovak agro-food export flows to the EU-15 and the other regions, while the Slovak agro-food imports show lower growth dynamic. Thus, the agricultural and food processing sectors in Slovakia have benefited from the gradual liberalization of the agro-food trade after the EU enlargement.
2

ASYMMETRIC IMPACT OF PUBLIC DEBT ON ECONOMIC GROWTH IN SELECTED EU COUNTRIES

75%
Šuliková V., Djukic M., Gazda V., Horváth D., Kulhánek L.
Ekonomický časopis (Journal of Economics)
|
2015
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vol. 63
|
issue 9
944 – 958
EN
The paper explores the asymmetric relation between public debt and economic growth in 13 EU countries in the period 1993 – 2013. A panel data model uncovers a linear relation between debt-to-GDP decrease and GDP growth, while the relation between the debt-to-GDP increase and GDP growth is defined by an inverted U-shaped curve (parabola) with the peak at a 64% debt-to-GDP ratio. We identified two main patterns in relations between debt-to-GDP and GDP growth: (i) hysteresis loop – country data trace the closed circle defined within the debt interval [53%, 113%] (Austria, Finland, Denmark) and (ii) debt trap – country debt-to-GDP ratio breaks the 113% level and indebtedness increase followed by the GDP fall is tracing the diverging tail of parabola (debt trap in Greece, Italy, Portugal).
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