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ECONOMIC COOPERATION BETWEEN THE REPUBLIC OF SERBIA AND THE MEMBER STATES OF THE VISEGRAD GROUP

100%

Božiċ Miljkoviċ I.

nr 2

158 – 179

The paper analyses the effects and measures the intensity of economic cooperation that Serbia has achieved with the member countries of the Visegrad Group (V4 Group) from 2000 until today. The starting hypothesis is that the common cultural and historical heritage, the geographical proximity of the market and the common experience of the economic transition process can be an incentive for the development of economic cooperation between Serbia and the countries of the V4 Group. A gravity econometric model Poisson Pseudo Maximum Likelihood (PPML) estimator was used to test the hypothesis. The results of the research confirm a significantly positive impact of the GDP of Serbia and the observed countries, a significantly negative impact of distance and a significantly positive effect of the neighbourhood on bilateral trade flows. Predictors related to the quality of institutions also have a significant positive effect on increasing bilateral trade cooperation between Serbia and the V4 Group.

CO-MOVEMENT (SUB-) INDICATOR AS THE MEASUREMENT OF THE SYNCHRONY OF EA AND VISEGRAD GROUP COUNTRIES

100%

Poměnková J. , Klejmová E. , Malach T.

nr 3

231 – 251

The paper deals with the construction of a co-movement indicator suitable for assessing the synchrony between countries. The indicator is represented as a time series and its construction is based on a reconstruction of a co-spectrum measure from the time-frequency to the time domain. We use the statistically significant part of the power wavelet co-spectrum for pairs of countries. An advantage of the newly proposed co-movement indicator is a possibility to construct sub-indicators which correspond to the predefined frequency range, e.g. business cycle frequencies. In such a way we can obtain a decomposition of the co-movement indicator (covering all frequencies) into, for example, short-run cycles, medium and long business cycles and long-run cycles. The proposed methodology is demonstrated on the US and EA monthly data of industrial production index in 1991 – 2018. A further application is performed on the EA and Visegrad Group Countries with the same data type and time range.

Współpraca państw Grupy Wyszehradzkiej na forum Unii Europejskiej – doświadczenia i wyzwania

86%

Adamczyk A.

nr 4

71-90

Cooperation between the members of the Visegrad Group in the European Union has its ups and downs. The countries of the Group, which should be bound by geographical proximity and common interests, are not always able to cooperate. This also means that the priorities formulated by the governments in Warsaw, Bratislava, Budapest, and Prague do not always converge. Of course, the countries of the Visegrad Group have much in common, such as their attitude to the Cohesion Policy, their perception of climate goals and visions of the EU subsequent budgets. Unfortunately, there are many divergences between them in important issues: for example foreign policy, especially the attitude to Russia’s aggression on Ukraine. Despite the fact that it has been functioning for a quarter of a century, including a decade in the EU, so far the V4 has not managed to develop a strong European ‘brand’.