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Analysis of Foreign Trade Among Slovakia and the Country V4 After the Changeover

Analysis of Foreign Trade Among Slovakia and the Country V4 After the Changeover
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摘要 The article presents the situation in foreign trade among Slovakia and the country V4 (Czech Republic, Hungary, Poland, and Slovak Republic) after the changeover in 2009. At a time of economic crisis, Slovakia acceded to the adoption of a common currency--the euro. Prior to the adoption of the euro, apprehensions were raised due to currency decreased export from Slovakia to countries V4. In this article, author analyses the mutual foreign trade of Slovakia with countries of V4 for all commodities in standard international trade classification (SITC) codes. The analysis covers the time before the adoption of the euro from 2004 to 2008 and after the adoption of the euro in the years from 2009 to 2013. It compares the percentage change over the previous year, the balance of foreign trade, and foreign trade turnover. The same analysis is also done for the period prior to the adoption of the euro as a whole and after the adoption of the euro. In the calculations, data from UN Comtrade Database were used, which are indicated in USD. The results indicate that in the transition to the common currency, the euro did not mean for Slovakia worsening trade with V4 countries. Economies of these countries have long been linked and even the possibility of its own monetary policy does not endanger Slovakia's export to these countries.
出处 《Chinese Business Review》 2015年第3期119-125,共7页 中国经济评论(英文版)
关键词 EXPORT IMPORT balance of foreign trade foreign trade turnover countries V4 斯洛伐克 对外贸易 捷克共和国 货币政策 切换 经济危机 商品贸易 统计数据库
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参考文献5

  • 1Baldwin, R., & EveneR, S. (2009). Introduction and recommendations for the G20. In R. Baldwin, & E. Evener (Eds.), The collapse of global trade, murky protectionism, and the crisis: Recommendations for the G20 (pp. 1-9). London: CEPR).
  • 2Bergin, P., & Ching, L. (2010). The dynamic effect of currency union on trade (The University of Warwick, NBER Working Papers 16259, National Bureau of Economic Research, Inc.).
  • 3Camarero, M., & G6mez, E. (2014). Is the "euro effect" on trade so small after all? Economics Letters, 124(1), 140-142.
  • 4Levchenko, A., Lewis, L., & Tesar, L. (2010). The collapse of international trade during the 2008-09 crisis: In search of the smoking gun. 1MF Economic Review, 58(2), 214-253.
  • 5Reuven, G., & Rose, A. (2002). Does a currency union affect trade? The time series evidence. European Economic Review, 46, l125-1151.

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