Development of the Slovak Economy in 2008 and 2009 from the Perspective of Input-output Analysis Cover Image

Vývoj slovenskej ekonomiky v rokoch 2008 a 2009 z pohľadu input-output analýzy
Development of the Slovak Economy in 2008 and 2009 from the Perspective of Input-output Analysis

Author(s): Martin Lábaj
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: Leontief model; structural analysis; input-output analysis; Slovak economy; Structural decomposition analysis

Summary/Abstract: Economic recession in the world economy in 2008 – 2009 influenced the development of the Slovak economy very rapidly. Even though we can identify some general tendencies in the national economy, the impact of worldwide economic recession differs across industries in its strength and timing. In this article we try to reveal the direct and indirect dependencies of particular industries on foreign and domestic demand as well as the indirect effects of changes in sectoral structure of the final demand on the Slovak economy. We use Open Static Leontief Model and Structural decomposition analysis to analyze the changes in production, value added and employment between 2009 and 2008. We have decomposed these changes into the contribution of changes in direct coefficients, production structure, final demand structure, sectoral final demand structure and volume of final demand.

  • Issue Year: 61/2013
  • Issue No: 10
  • Page Range: 994-1010
  • Page Count: 17
  • Language: Slovak