The balance of payments can act as a constraint on the output growth rate, since it puts a limit on the growth of demand. This paper focuses on verifying whether the Balance-of-Paymentsconstrained growth hypothesis is suitable for explaining the growth performance in several transition economies of the Central and Eastern Europe that joined the European Union in 2004. According to Thirlwall´s Law, we determine the balance of payments equilibrium growth rate of an economy by the ratio of the income elasticities of the demand for exports and imports and the growth of foreign demand. The obtained results are compared with the multi-sector version of Thirlwall´s Law as an alternative approach that considers the structure of the economy and how specific specialization affects the Balance-of-Paymentsconstrained growth. Our results show that almost all transition countries in the sample grew and a higher rate that the one consistent with the Balance-of-Payments equilibrium and that the multi-sector version of this approach makes a suitable prediction of the actual growth in these countries.
The paper deals with the problem of solving the nonresponse problem in a realized census. The purpose is to modify the method of poststratification using weights to compensate for nonresponse, which is known in sample surveys, for its application in censuses. The suggested approach offers more accurate estimates because of compensation for nonresponse and the possibility to formulate broader conclusions based on the census data. The approach is advised in all surveys in which the costs of realization the survey by the census, are practically the same as for sample survey and the list of all units of the population is available.
1*23Economic convergence has become a European research topic of interest during recent decades, particularly since new member countries joined the EU in 2004. Measuring cross-country convergence focuses on real convergence, taking per capita income as a measure of living standards based on the convergence criteria defined by Sala-i-Martin (1996). The objective of this paper is to bring together supply-side (real convergence) and demand-side (BoP-constrained approach) concepts of economic growth aimed at identification of convergence sources in the emerging economies of the Visegrad Group. The sustainability of convergence in this study utilizes the BoP-constrained growth theory developed by A. Thirlwall (1979). Our results show that all the countries in the Visegrad Group exhibit relatively instant convergence, which could continue considering the intensity and direction of structural changes that affect the export demand elasticities and labour productivity.
Statistical surveys are often used in shaping managerial policy and practice. In this paper we study, how to analyze the association between two categorical variables based on census data with a high level of nonresponse. The purpose is to discuss the suggested approach to the investigation. We used the census data from the survey executed at one Slovak University for testing the new process. The proposed process offers the methods of analysis of the association between two categorical variables based on pseudo-population estimated from the census data with a high level of nonresponse. We recommend using the process in the surveys in which the costs of survey execution by the census are practically not different from sample survey costs, and the connections to all units of the population are available.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.