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

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dc.contributor.authorJumambayev, Seisembay
dc.contributor.authorHalicka, Katarzyna
dc.contributor.authorDzhulaeva, Almazhan
dc.contributor.authorIlyashova, Guliya
dc.contributor.authorDosmbek, Aidana
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2025-06-09T09:29:31Z
dc.date.available2025-06-09T09:29:31Z
dc.description.abstractThe 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 developed countries by 2050 if the relevant conclusions are made from the analysis of the successful practice of V4 and B3 countries’ development.en
dc.formattext
dc.identifier.doi10.15240/tul/001/2025-2-001
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/176872
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectEconomic developmenten
dc.subjectcointegrating regressionen
dc.subjectdiversificationen
dc.subjectnonlinear growthen
dc.subjectmodelen
dc.subject.classificationF00
dc.subject.classificationF63
dc.subject.classificationO10
dc.titleMultivariate time series models of development for countries with transitional economies and prospects for post-COVID growthen
dc.typeArticleen
local.accessopen
local.citation.epage24
local.citation.spage1
local.facultyFaculty of Economics
local.filenameEM_2_2025_01
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue2
local.relation.volume28
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