Cyclical-Adjusted External Balance of Goods and Services in the Czech Republic
Article develop the cyclical adjustment methodology of the balance of goods and services, which is beneficial especially for a small open economy. Cyclical adjustment procedure is applied and adjusted to the Czech data by quantifying cyclical determinants of foreign trade such as domestic and foreig...
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| Format: | Article |
| Language: | English |
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Czech Statistical Office
2018-06-01
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| Series: | Statistika: Statistics and Economy Journal |
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| Online Access: | https://www.czso.cz/documents/10180/61266319/32019718q2103.pdf/caffeb17-393a-4f73-8855-44ef17ff761c?version=1.0 |
| _version_ | 1819028068088414208 |
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| author | Zdeněk Pikhart |
| author_facet | Zdeněk Pikhart |
| author_sort | Zdeněk Pikhart |
| collection | DOAJ |
| description | Article develop the cyclical adjustment methodology of the balance of goods and services, which is beneficial especially for a small open economy. Cyclical adjustment procedure is applied and adjusted to the Czech data by quantifying cyclical determinants of foreign trade such as domestic and foreign output gap and trade prices deviations from the trend. Results show that cyclical adjustment of external trade balance provide a useful tool for assessing the sustainability of trade development and thus help to better analyze current situation and forecast short-term future development. |
| first_indexed | 2024-12-21T05:52:29Z |
| format | Article |
| id | doaj.art-e9f980383ddb4f84b9d1f948aad469f8 |
| institution | Directory Open Access Journal |
| issn | 0322-788X 1804-8765 |
| language | English |
| last_indexed | 2024-12-21T05:52:29Z |
| publishDate | 2018-06-01 |
| publisher | Czech Statistical Office |
| record_format | Article |
| series | Statistika: Statistics and Economy Journal |
| spelling | doaj.art-e9f980383ddb4f84b9d1f948aad469f82022-12-21T19:13:57ZengCzech Statistical OfficeStatistika: Statistics and Economy Journal0322-788X1804-87652018-06-01982103112Cyclical-Adjusted External Balance of Goods and Services in the Czech RepublicZdeněk Pikhart0University of Economics, Prague, Czech RepublicArticle develop the cyclical adjustment methodology of the balance of goods and services, which is beneficial especially for a small open economy. Cyclical adjustment procedure is applied and adjusted to the Czech data by quantifying cyclical determinants of foreign trade such as domestic and foreign output gap and trade prices deviations from the trend. Results show that cyclical adjustment of external trade balance provide a useful tool for assessing the sustainability of trade development and thus help to better analyze current situation and forecast short-term future development.https://www.czso.cz/documents/10180/61266319/32019718q2103.pdf/caffeb17-393a-4f73-8855-44ef17ff761c?version=1.0Business cyclecyclical adjustmentexternal balance of trade |
| spellingShingle | Zdeněk Pikhart Cyclical-Adjusted External Balance of Goods and Services in the Czech Republic Statistika: Statistics and Economy Journal Business cycle cyclical adjustment external balance of trade |
| title | Cyclical-Adjusted External Balance of Goods and Services in the Czech Republic |
| title_full | Cyclical-Adjusted External Balance of Goods and Services in the Czech Republic |
| title_fullStr | Cyclical-Adjusted External Balance of Goods and Services in the Czech Republic |
| title_full_unstemmed | Cyclical-Adjusted External Balance of Goods and Services in the Czech Republic |
| title_short | Cyclical-Adjusted External Balance of Goods and Services in the Czech Republic |
| title_sort | cyclical adjusted external balance of goods and services in the czech republic |
| topic | Business cycle cyclical adjustment external balance of trade |
| url | https://www.czso.cz/documents/10180/61266319/32019718q2103.pdf/caffeb17-393a-4f73-8855-44ef17ff761c?version=1.0 |
| work_keys_str_mv | AT zdenekpikhart cyclicaladjustedexternalbalanceofgoodsandservicesintheczechrepublic |