2020
DOI: 10.15549/jeecar.v7i3.561
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An assessment of the impact of various macro-economic variables on the manufacturing sector: The case of the Visegrád four

Abstract: A dynamic and growing manufacturing sector is critical for growth as this sector is globally known as the 'engine of growth'. The objective of this study was to assess the impact of macro-economic variables, including economic growth, producer price index (PPI), and exports on the manufacturing sector of the Visegrád countries, from 1995 to 2018. A quantitative research methodology was utilized via a panel data analysis to assess the long- and short-run relationships between the variables using econometric met… Show more

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Cited by 3 publications
(2 citation statements)
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“…Explanatory variables are the index scores of the various cultural dimensions obtained from the Hofstede databank [91]. The regression models also include output (GDP) per capita at constant USD prices [92] as a suggested control variable to reduce model specification error [93] and to follow Hofstede's recommendations [56]. The descriptive statistics of the variables are reported in Table 1.…”
Section: Methodsmentioning
confidence: 99%
“…Explanatory variables are the index scores of the various cultural dimensions obtained from the Hofstede databank [91]. The regression models also include output (GDP) per capita at constant USD prices [92] as a suggested control variable to reduce model specification error [93] and to follow Hofstede's recommendations [56]. The descriptive statistics of the variables are reported in Table 1.…”
Section: Methodsmentioning
confidence: 99%
“…An assessment of energy consumption in the Visegrad countries revealed changes in energy consumption, productivity and sectoral structure (Gostkowski et al, 2021). The manufacturing sector was identified as critical for economic growth and was described as a driver of growth (Meyer & Hassan, 2020).…”
Section: Economic Characteristics Of the Visegrad Groupmentioning
confidence: 99%