The czech and slovak economy 15 years after the split
Bibliographic Data
| ID | 6108969 |
|---|---|
| Authors | Růžena Vintrová (International Council on Mining and Metals, corresponding author) |
| Year | 2008 |
| Volume | 56 |
| Issue | 4 |
| Pages | 449-466 |
| Publication date | 2008-08-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Politická ekonomie (JOURNAL) |
| Journal identifiers | ISSN: 0032-3233 • E-ISSN: 2336-8225 |
| Publisher | Prague University of Economics and Business (PUBLISHER • CZ) |
| DOI | 10.18267/j.polek.647 |
| OpenAlex | W2321316586 |
| Language | EN |
| Citations received | 5 |
| References cited | 1 |
The economic development of the Czech Republic and Slovakia after the split of former Czechoslovakia in 1993 shows some important differences, caused by different economic policy and the starting level. The convergence of the Slovak economic level to the Czech one was very fast after the World War II, due to the massive reallocation of resources (the transfer of resources in favour of Slovakia represented 11 % of the Slovak GDP). The Slovak economy adjusted to the lower economic level after the split by sinking real wages and by depreciation of the Slovak koruna, so that the ULC are now the lowest among the Central European countries. Slovakia enjoyed very fast growth of GDP in recent years fluctuating from 7 to 10 %, while in the Czech Republic it reached from 6 to 7 %. The abundant inflow of FDI and economic reforms helped to speed the real convergence in Slovakia, which continued fluently after a deep fall accompanying the split of Czechoslovakia. In 2007, the Slovak GDP per capita measured in PPS reached 84 % of the Czech one. The common challenge for both economies is to overcome the one-sided orientation on cost/price competitiveness based on low wages and pass over to the qualitative competitive advantage, based on the innovations and production of high quality goods and services
Convergence (economics) · Czech · Depreciation (economics) · Economics · Economy · Foreign direct investment · Human capital · International economics · Macroeconomics · Market economy · Per capita · Slovak · Economic Growth and Productivity · Global Trade and Competitiveness · Regional Development and Policy
Growth, Stability and Convergence of the Czech Economy in the Years 2001-2008
Competitiveness of the Trade of the Czech Republic in the Process of Globalisation
A Long-Term Real Appreciation as the Phenomenon of Economic Convergence
Analysis of Poverty in Slovakia Based on the Concept of Relative Deprivation
Subjective Perceptions of Poverty and Objective Economic Conditions
| Citations per year | 0.31 |
|---|---|
| Citation span | 2010 - 2019 (10) |
| Highly cited | No |