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Determinants of economic growth in V4 countries and Romania

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dc.title Determinants of economic growth in V4 countries and Romania en
dc.contributor.author Simionescu, Mihaela
dc.contributor.author Lazányi, Kornélia
dc.contributor.author Sopková, Gabriela
dc.contributor.author Dobeš, Kamil
dc.contributor.author Balcerzak, Adam Przemysław
dc.relation.ispartof Journal of Competitiveness
dc.identifier.issn 1804-1728 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2017
utb.relation.volume 9
utb.relation.issue 1
dc.citation.spage 103
dc.citation.epage 116
dc.type article
dc.language.iso en
dc.publisher Tomas Bata University in Zlín
dc.publisher Univerzita Tomáše Bati ve Zlíně (UTB) cs
dc.identifier.doi 10.7441/joc.2017.01.07
dc.relation.uri https://www.cjournal.cz/index.php?hid=clanek&bid=archiv&cid=244&cp=
dc.subject economic growth en
dc.subject V4 countries en
dc.subject FDI en
dc.subject human capital en
dc.subject R&D en
dc.subject investments in education en
dc.description.abstract The middle and long-term slowdown in growth dynamics could bring serious social and political problems for V4 countries (Czech Republic, Slovak Republic, Hungary, Poland) and Romania. It would threaten reaching benefits from potential of convergence process with the developed countries of the European Union. As a result, the V4 economies and Romania should find solutions to achieving a sustainable growth that is associated with an improvement of their international competitiveness. This paper provides an empirical analysis of factors that might determine a stable economic growth in the five mentioned countries. The empirical analysis conducted for the period of 2003-2016 employed Bayesian generalized ridge regression. The main results indicated that the FDI promoted economic growth in all countries, except the Slovak Republic. Only in the Czech Republic, the expenditure on education generated economic growth, while the expenditure on R&D had positive effects in Romania, Hungary and the Czech Republic. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1007088
utb.identifier.obdid 43876667
utb.identifier.wok 000411798900008
utb.source j-orig
dc.date.accessioned 2017-07-25T08:54:56Z
dc.date.available 2017-07-25T08:54:56Z
dc.description.sponsorship New National Excellence Program of the Ministry of Human Capacities
dc.rights Attribution 4.0 International
dc.rights.uri http://creativecommons.org/licenses/by/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Dobeš, Kamil
utb.fulltext.affiliation Habilitated Dr. Mihaela Simionescu Romanian Academy, Institute for Economic Forecasting Calea 13 Septembrie 13, 76001 Bucharest, Romania Email: mihaela_mb1@yahoo.com Habilitated Dr. Kornélia Lazányi Óbuda University, Keleti Faculty of Business and Management Bécsi st., 96/b, 1034, Budapest, Hungary Email: lazanyi.kornelia@kgk.uni-obuda.hu Mgr. Ing. Gabriela Sopková, PhD. University of Economics in Bratislava Faculty of Commerce Dolnozemská cesta 1, 852 35 Bratislava, Slovak Republic Email: gabika.sopkova@gmail.com Ing. Kamil Dobeš, Ph.D. Tomas Bata University in Zlín Faculty of Management and Economics Mostní 5139, 760 01 Zlín, Czech Republic Email: dobes@fame.utb.cz Adam P. Balcerzak, PhD Nicolaus Copernicus University Faculty of Economic Sciences and Management Ul. Gagarina 13a 87-100 Toruń, Poland Email: adam.balcerzak@umk.pl
utb.fulltext.dates -
utb.fulltext.sponsorship This paper has been supported by the New National Excellence Program of the Ministry of Human Capacities.
utb.wos.affiliation [Mihaela, Simionescu] Romanian Acad, Inst Econ Forecasting, Calea 13 Septembrie 13, Bucharest 76001, Romania; [Kornelia, Lazanyi] Obuda Univ, Keleti Fac Business & Management, Becsi St,96-B, H-1034 Budapest, Hungary; [Gabriela, Sopkova] Univ Econ Bratislava, Fac Commerce, Dolnozemska Cesta 1, Bratislava 85235, Slovakia; [Kamil, Dobes] Tomas Bata Univ Zlin, Fac Management & Econ, Mostni 5139, Zlin 76001, Czech Republic; [Balcerzak, Adam P.] Nicolaus Copernicus Univ, Fac Econ Sci & Management, Ul Gagarina 13a, PL-87100 Torun, Poland
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