Multivariate time series models of development for countries with transitional economies and prospects for post-COVID growth

dc.contributor.authorJumambayev, Seisembay
dc.contributor.authorHalicka, Katarzyna
dc.contributor.authorDzhulaeva, Almazhan
dc.contributor.authorIlyashova, Guliya
dc.contributor.authorDosmbek, Aidana
dc.date.accessioned2025-07-02T10:29:16Z
dc.date.available2025-07-02T10:29:16Z
dc.date.issued2025
dc.description.abstract-translatedThe study aims to compare the economic achievements of the Visegrad Group (V4), the Baltic states (B3), Central Asia (CA4) and Balkan states (BA5), Kazakhstan on their way to joining the group of developed countries and to analyze the dynamics of their economic development. The results of studying the average annual growth rates of gross domestic product on the example of V4, B3, and Kazakhstan allowed for establishing the main patterns and trends of economic development in the pre-crisis, crisis, and post-crisis periods. The econometric modeling results indicate that an increase in employment levels contributes to per capita GDP growth. In turn, higher expenditures on domestic capital formation, the development of export-oriented industries, and the enhancement of regional specialization contribute to a more sustainable economic growth trajectory, as well as improved labor productivity, higher wages, and reduced unemployment. Poland and the Czech Republic exemplify this economic model. The study data confirm the possibility of solving the problem of countries with transitional economies entry into the number of developer countries by 2050 if the relevant conclusions are made from the analysis of the successful practice of V4 and B3 countries’ development.en
dc.format24 s.cs
dc.identifier.doidoi.org/10.15240/tul/001/2025-2-001
dc.identifier.issn2336-5604 (Online)
dc.identifier.issn1212-3609 (Print)
dc.identifier.urihttp://hdl.handle.net/11025/62081
dc.language.isoenen
dc.publisherTechnická univerzita v Libercics
dc.rightsCC BY-NC 4.0en
dc.rights.accessopenAccessen
dc.subjectekonomický rozvojcs
dc.subjectkointegrační regresecs
dc.subjectdiverzifikacecs
dc.subjectnelineární růstcs
dc.subjectmodelcs
dc.subject.translatedeconomic developmenten
dc.subject.translatedcointegrating regressionen
dc.subject.translateddiversificationen
dc.subject.translatednonlinear growthen
dc.subject.translatedmodelen
dc.titleMultivariate time series models of development for countries with transitional economies and prospects for post-COVID growthen
dc.typečlánekcs
dc.typearticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
local.files.count1*
local.files.size1629230*
local.has.filesyes*

Files

Original bundle
Showing 1 - 1 out of 1 results
No Thumbnail Available
Name:
EM_2_2025_01.pdf
Size:
1.55 MB
Format:
Adobe Portable Document Format
License bundle
Showing 1 - 1 out of 1 results
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description: