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Midterm Forecast of Slovak Economy for the Period 2010 – 2013 with Outlook to 2015

In: Ekonomický časopis/Journal of Economics, vol. 58, no. 6
Marek Radvanský - Viliam Páleník - Soňa Slobodníková
Detaily:
Rok, strany: 2010, 614 - 634
Kľúčové slová:
economic forecast, Slovak Republic, economic crisis, GDP growth, state budget
Typ článku: Vedecký článok / Article
O článku:
Forecasting of future economic development quite a short time after the global economic crisis is more than a complicated task. The main uncertainty is linked to the process of recovery of the world economy from the crisis and the direction of governments’ economic policies and their corresponding effectiveness. Nevertheless, it is necessary to develop such forecasts, to collect them and compare with different approaches of particular forecasting works. This article represents the approach of the team of the Institute of Economic Research, Slovak Academy of Sciences. Forecast is based on the econometric model B_IER SAS ECM 09q4 and is focused on the GDP and its components, the labour market and public budget revenues. The time horizon is limited to years 2010 and 2015 and continues two years beyond the end of the financial programming pe-riod of the EU.
Forecasting of future economic development quite a short time after the global economic crisis is more than a complicated task. The main uncertainty is linked to the process of recovery of the world economy from the crisis and the direction of governments’ economic policies and their corresponding effectiveness. Nevertheless, it is necessary to develop such forecasts, to collect them and compare with different approaches of particular forecasting works. This article represents the approach of the team of the Institute of Economic Research, Slovak Academy of Sciences. Forecast is based on the econometric model B_IER SAS ECM 09q4 and is focused on the GDP and its components, the labour market and public budget revenues. The time horizon is limited to years 2010 and 2015 and continues two years beyond the end of the financial programming pe-riod of the EU.
Ako citovať:
ISO 690:
Radvanský, M., Páleník, V., Slobodníková, S. 2010. Midterm Forecast of Slovak Economy for the Period 2010 – 2013 with Outlook to 2015. In Ekonomický časopis/Journal of Economics, vol. 58, no.6, pp. 614-634. 0013-3035.

APA:
Radvanský, M., Páleník, V., Slobodníková, S. (2010). Midterm Forecast of Slovak Economy for the Period 2010 – 2013 with Outlook to 2015. Ekonomický časopis/Journal of Economics, 58(6), 614-634. 0013-3035.