Publication detail

Analysis of the Economic Situation of the Visegrad Four Countries Using Dependencies in the Magic Quadrangle

ŠEBESTOVÁ, M.

Original Title

Analysis of the Economic Situation of the Visegrad Four Countries Using Dependencies in the Magic Quadrangle

English Title

Analysis of the Economic Situation of the Visegrad Four Countries Using Dependencies in the Magic Quadrangle

Type

conference paper

Language

en

Original Abstract

This article deals with the application of macroeconomic indicators to evaluate the economic situation of the countries of the so-called Visegrad Four (the Czech Republic, Slovakia, Poland, and Hungary). For each country, magic quadrangles are compiled, consisting of the following indicators: inflation, unemployment, gross domestic product and trade balance. The area of these quadrangles was subjected to a deeper analysis, as it was ascertained which indicator influences its size most. The article also includes an analysis of dependencies between individual macroeconomic indicators. The results obtained showed that the magic quadrangle in combination with correlation analysis can be a useful tool for exploring the macroeconomic situation of the country.

English abstract

This article deals with the application of macroeconomic indicators to evaluate the economic situation of the countries of the so-called Visegrad Four (the Czech Republic, Slovakia, Poland, and Hungary). For each country, magic quadrangles are compiled, consisting of the following indicators: inflation, unemployment, gross domestic product and trade balance. The area of these quadrangles was subjected to a deeper analysis, as it was ascertained which indicator influences its size most. The article also includes an analysis of dependencies between individual macroeconomic indicators. The results obtained showed that the magic quadrangle in combination with correlation analysis can be a useful tool for exploring the macroeconomic situation of the country.

Keywords

Magic quadrangle, inflation, unemployment, gross domestic product, trade balance

RIV year

2015

Released

11.11.2015

Publisher

International Business Information Management Association (IBIMA)

Location

Madrid, Spain

ISBN

978-0-9860419-5-2

Book

Innovation Management and Sustainable Economic Competitive Advantage: From Regional Development to Global Growth

Edition number

26

Pages from

622

Pages to

633

Pages count

12

Documents

BibTex


@inproceedings{BUT118884,
  author="Monika {Šebestová}",
  title="Analysis of the Economic Situation of the Visegrad Four Countries Using Dependencies in the Magic Quadrangle",
  annote="This article deals with the application of macroeconomic indicators to evaluate the economic situation of the countries of the so-called Visegrad Four (the Czech Republic, Slovakia, Poland, and Hungary). For each country, magic quadrangles are compiled, consisting of the following indicators: inflation, unemployment, gross domestic product and trade balance. The area of these quadrangles was subjected to a deeper analysis, as it was ascertained which indicator influences its size most. The article also includes an analysis of dependencies between individual macroeconomic indicators. The results obtained showed that the magic quadrangle in combination with correlation analysis can be a useful tool for exploring the macroeconomic situation of the country.",
  address="International Business Information Management Association (IBIMA)",
  booktitle="Innovation Management and Sustainable Economic Competitive Advantage: From Regional Development to Global Growth",
  chapter="118884",
  howpublished="online",
  institution="International Business Information Management Association (IBIMA)",
  year="2015",
  month="november",
  pages="622--633",
  publisher="International Business Information Management Association (IBIMA)",
  type="conference paper"
}