Open AccessTOWARDS THE FACTORS INFLUENCING THE VOLUME OF INTERNATIONAL TRADE IN SERVICES IN EASTERN EUROPE
Author(s) -
Oleksii Toporkov
Publication year - 2022
Publication title -
interconf
Language(s) - English
Resource type - Journals
ISSN - 2709-4685
DOI - 10.51582/interconf.19-20.02.2022.008
Subject(s) - value (mathematics) , wage , volume (thermodynamics) , regression analysis , economics , business , international trade , demographic economics , labour economics , statistics , mathematics , physics , quantum mechanics
the article discusses the impact of total employment, average wage in the economy and total value added on the volume of export on services and vice versa in the Eastern European countries – Ukraine, Slovakia, Romania and Poland. Author believes that there is positive correlation between the volume of export in services and abovementioned variables and that it can be described by a linear regression. On the basis of the macroeconomic data for 2010-2020, researcher created a model that assesses these hypotheses.