Intersectoral Flows in the Economies of the Visegrad Group Countries
We present a comparative study of flows between institutional sectors in the economies of Czechia, Hungary, Poland and Slovakia, with particular emphasis on the role of the foreign sector. The purpose of our study is to determine the strength and nature of inter‑sectoral ties in the analyzed countri...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Lodz University Press
2023-09-01
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| Series: | Comparative Economic Research |
| Subjects: | |
| Online Access: | https://czasopisma.uni.lodz.pl/CER/article/view/19475 |
| _version_ | 1797670943060918272 |
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| author | Michał Przybyliński Joanna Trębska |
| author_facet | Michał Przybyliński Joanna Trębska |
| author_sort | Michał Przybyliński |
| collection | DOAJ |
| description | We present a comparative study of flows between institutional sectors in the economies of Czechia, Hungary, Poland and Slovakia, with particular emphasis on the role of the foreign sector. The purpose of our study is to determine the strength and nature of inter‑sectoral ties in the analyzed countries and point out the similarities and differences between them. The research method is based on the sequence of all transactions included in the System of National Accounts (SNA): product transactions, primary income generation and allocation, income distribution, and financial instrument transactions. The study is distinguished by its consistency and balance within the SNA. The method used to transform data into a payer‑payee matrix guarantees the preservation of these properties. It creates a new perspective for assessing the sensitivity of economies to external processes.
It is the first such comprehensive comparative study, providing unambiguous and replicable results based on a standardized accounting system that operates in all European countries. The period covered by the study (2000–2020) allows us to draw interesting conclusions about the processes that took place during and after the accession to the European Union. The results indicate, inter alia, an increase in the involvement of the foreign sector, primarily in production processes (import, export) and investment. Particularly noteworthy is the high degree of financialization of the Hungarian economy. |
| first_indexed | 2024-03-11T21:08:06Z |
| format | Article |
| id | doaj.art-aba7c62120e7436681738d86f17b990e |
| institution | Directory Open Access Journal |
| issn | 1508-2008 2082-6737 |
| language | English |
| last_indexed | 2024-03-11T21:08:06Z |
| publishDate | 2023-09-01 |
| publisher | Lodz University Press |
| record_format | Article |
| series | Comparative Economic Research |
| spelling | doaj.art-aba7c62120e7436681738d86f17b990e2023-09-29T08:33:39ZengLodz University PressComparative Economic Research1508-20082082-67372023-09-01263315210.18778/1508-2008.26.2019334Intersectoral Flows in the Economies of the Visegrad Group CountriesMichał Przybyliński0https://orcid.org/0000-0002-1909-3687Joanna Trębska1https://orcid.org/0000-0002-0398-5867University of Lodz, Department of Theory and Analyses of Economic Systems Lodz, PolandUniversity of Lodz, Department of Theory and Analyses of Economic Systems Lodz, PolandWe present a comparative study of flows between institutional sectors in the economies of Czechia, Hungary, Poland and Slovakia, with particular emphasis on the role of the foreign sector. The purpose of our study is to determine the strength and nature of inter‑sectoral ties in the analyzed countries and point out the similarities and differences between them. The research method is based on the sequence of all transactions included in the System of National Accounts (SNA): product transactions, primary income generation and allocation, income distribution, and financial instrument transactions. The study is distinguished by its consistency and balance within the SNA. The method used to transform data into a payer‑payee matrix guarantees the preservation of these properties. It creates a new perspective for assessing the sensitivity of economies to external processes. It is the first such comprehensive comparative study, providing unambiguous and replicable results based on a standardized accounting system that operates in all European countries. The period covered by the study (2000–2020) allows us to draw interesting conclusions about the processes that took place during and after the accession to the European Union. The results indicate, inter alia, an increase in the involvement of the foreign sector, primarily in production processes (import, export) and investment. Particularly noteworthy is the high degree of financialization of the Hungarian economy.https://czasopisma.uni.lodz.pl/CER/article/view/19475visegrad group countriesflow of fundssystem of national accountsinstitutional sectors |
| spellingShingle | Michał Przybyliński Joanna Trębska Intersectoral Flows in the Economies of the Visegrad Group Countries Comparative Economic Research visegrad group countries flow of funds system of national accounts institutional sectors |
| title | Intersectoral Flows in the Economies of the Visegrad Group Countries |
| title_full | Intersectoral Flows in the Economies of the Visegrad Group Countries |
| title_fullStr | Intersectoral Flows in the Economies of the Visegrad Group Countries |
| title_full_unstemmed | Intersectoral Flows in the Economies of the Visegrad Group Countries |
| title_short | Intersectoral Flows in the Economies of the Visegrad Group Countries |
| title_sort | intersectoral flows in the economies of the visegrad group countries |
| topic | visegrad group countries flow of funds system of national accounts institutional sectors |
| url | https://czasopisma.uni.lodz.pl/CER/article/view/19475 |
| work_keys_str_mv | AT michałprzybylinski intersectoralflowsintheeconomiesofthevisegradgroupcountries AT joannatrebska intersectoralflowsintheeconomiesofthevisegradgroupcountries |