Sekundarni povzetek: |
By drawing on the relevant literature as well as the econometric analysis of the selected European economies, the thesis aims to examine the factors of aggregate export. In terms of the examined countries, our analysis included Croatia, Slovakia, and Slovenia. The export functions were thereon formed in accordance with the theory of economics, the pre-existing studies, and the described liable factors of the aggregate export. This analysis includes the quarterly data for the period between the years 2000 and 2019. In the case of Croatia, we have formulated a double logarithmic export function with three explanatory variables: RGDP_EU27 (the real GDP of 27 members of the European Union), IND_C (Industrial production) and REER (real effective exchange rate). In the case of Slovakia and Slovenia, we have formulated linear export function, but in the case of Slovakia there are only two explanatory variables: RGDP_EU27 (the real GDP of 27 members of the European Union) and IND_C (Industrial production), while in the case of Slovenia we have used: RGDP_NHIA (the real GDP of its four largest partner markets: Germany, Croatia, Italy, and Austria), IND_C (Industrial production) and REER (real effective exchange rate). With the aid of the computer program EViews 11, we thereon evaluated the chosen functions; clarified the partial regression coefficient as well as the basic statistics; and tested the adequacy of the specification while also assessing the validity of ordinary least-squares method assumptions (the normal redistribution of random variables, the absence of multicollinearity, homoscedasticity, and the absence of autocorrelation). The findings and comparisons of the Croatian, Slovakian, and Slovenian export functions are summed up in the conclusion of this thesis. |