Open AccessEvaluation of the Impact of International Trade Using Regression and Correlation Models
Author(s) -
Štefan Čarný,
Vladislav Zitrický
Publication year - 2021
Publication title -
transport technic and technology
Language(s) - English
Resource type - Journals
ISSN - 2585-8084
DOI - 10.2478/ttt-2021-0003
Subject(s) - slovak , automotive industry , globalization , economics , world economy , international trade , economy , economic geography , international economics , business , political science , market economy , engineering , philosophy , linguistics , czech , law , aerospace engineering
The connection of international economies in the world represents an important role for the development of modern economies of countries. This phenomenon is known as globalization. The article describes in more detail the dependence of the Slovak Republic on the economies of East Asia, where mathematical research was performed on macroeconomic indicators of imports and exports. The Slovak Republic is experiencing an increase in GDP for the entire reference period. The growth of economic indicators in the Slovak Republic is ensured mainly due to the strong integration of our economy into international logistics chains and the strongly developed automotive industry. However, assuming the COVID-19 crisis, several studies suggest a sharp decline in economic indicators, as international trade has had to be significantly reduced for some time. The countries we examined in the article have a significant impact on these areas, so our research was focused on the main sectors of the Slovak economy. The automotive industry, the metallurgical industry and the electronics industry were evaluated. Data from world statistics were evaluated using mathematical and statistical models. The result of the study was the confirmation of dependence in all the categories.