期刊名称：Journal of Eastern European and Central Asian Research
印刷版ISSN：2328-8272
电子版ISSN：2328-8280
出版年度：2020
卷号：7
期号：3
页码：351-362
DOI：10.15549/jeecar.v7i3.561
出版社：IEECA
摘要：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 methods such as the Fisher-Johansen co-integration test, FMOLS and DOLS, and Granger causality tests. The main results indicated a long-run relationship between all the variables, with economic growth having the highest impact on manufacturing, while an increase in exports was also found to enhance the sector. Therefore, governments in the Visegrád group should endeavour to stimulate economic activities in support of the manufacturing sector by means of stable macro-economic policy implementation.
