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In the paper the relationships between current and capital account balance and GDP are analysed, both from the economic analysis and applied points of view. Next the assumptions, method of analysis and results of our investigation of these relationships are discussed in details. We used yearly data for the Visegrad Group countries in 1994-2015. We applied two versions of linear econometric models and a power one for panel data and for every country separately.

ECONOMETRIC ANALYSIS OF THE RELATIONSHIPS BETWEEN GDP AND THE CURRENT AND CAPITAL ACCOUNT FOR THE VISEGRAD GROUP OF COUNTRIES IN 1994-2015