About: International trade and endogenous growth: the case of Czech economy

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	The paper is focuses on testing of the presence of increasing returns to scale in the Czech economy production function that is constructed upon Solow growth accounting formula. The growth relation is adapted for imperfect competition in the goods market. In the second step the spillover effect to total factor productivity is tested based on import openness of the economy and share of productive equipment imports to gross domestic product. Using data on Czech economy in years 1993--2009 for OLS estimates, the presence of increasing returns to scale was proved in all tested models, the obtained returns to scale parameter is about 2. Explained variability is relatively poor for the full data sample, limiting the data range to 1999--2009 the model is able explain almost 57 %. Tests for spillover effect modeled through import shares do not bring evidence about appropriate significance, the common test of OLS approach indicated very low contribution for import variables in both versions. The paper is focuses on testing of the presence of increasing returns to scale in the Czech economy production function that is constructed upon Solow growth accounting formula. The growth relation is adapted for imperfect competition in the goods market. In the second step the spillover effect to total factor productivity is tested based on import openness of the economy and share of productive equipment imports to gross domestic product. Using data on Czech economy in years 1993--2009 for OLS estimates, the presence of increasing returns to scale was proved in all tested models, the obtained returns to scale parameter is about 2. Explained variability is relatively poor for the full data sample, limiting the data range to 1999--2009 the model is able explain almost 57 %. Tests for spillover effect modeled through import shares do not bring evidence about appropriate significance, the common test of OLS approach indicated very low contribution for import variables in both versions. (en)
Title	International trade and endogenous growth: the case of Czech economy International trade and endogenous growth: the case of Czech economy (en)
skos:prefLabel	International trade and endogenous growth: the case of Czech economy International trade and endogenous growth: the case of Czech economy (en)
skos:notation	RIV/62156489:43110/11:00181070!RIV12-MSM-43110___
http://linked.open...avai/predkladatel	Provozně ekonomická fakulta
http://linked.open...avai/riv/aktivita	Z
http://linked.open...avai/riv/aktivity	Z(MSM6215648904)
http://linked.open...iv/cisloPeriodika	2
http://linked.open...vai/riv/dodaniDat	2012
http://linked.open...aciTvurceVysledku	Ševela, Marcel
http://linked.open.../riv/druhVysledku	J - Článek v odborném periodiku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Mendelova univerzita v Brně / Provozně ekonomická fakulta
http://linked.open...dnocenehoVysledku	205443
http://linked.open...ai/riv/idVysledku	RIV/62156489:43110/11:00181070
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	international trade; endogenous growth; economic growth; imperfect competition; returns to scale (en)
http://linked.open.../riv/klicoveSlovo	endogenous growth imperfect competition returns to scale economic growth international trade
http://linked.open...odStatuVydavatele	CZ - Česká republika
http://linked.open...ontrolniKodProRIV	[AF3CA33951DA]
http://linked.open...i/riv/nazevZdroje	Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...UplatneniVysledku	2011
http://linked.open...v/svazekPeriodika	LIX
http://linked.open...iv/tvurceVysledku	Ševela, Marcel
http://linked.open...n/vavai/riv/zamer	The Czech Economy in the Process of Integration and Globalisation, and the Development of Agricultural Sector and the Sector of Services under the New Conditions of the Integrated European Market
issn	1211-8516
number of pages	6 (xsd:int)
http://localhost/t...ganizacniJednotka	43110
is http://linked.open...avai/riv/vysledek of	International trade and endogenous growth: the case of Czech economy International trade and endogenous growth: the case of Czech economy

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