Structural Convergence of Economies of Slovak Republic and Czech Republic

Abstract

The aim of the paper is to identify important factors of development of industrial structure of the Slovak Republic and the Czech Republic economies in the transition process. A multi-industrial analysis focuses on development of inter-industrial structures in terms of gross value added measurement. This paper further quantifies the structural change intensity indicator and the structural deviation indicator, which provide quantitative insight into the formation of the structure of the Slovak economy and the Czech economy. Finally, it offers discussion, gives several proposals of improving weaknesses in the industrial structure of the Slovak economy and express recommendations for current situation.

DOI: 10.5901/mjss.2015.v6n5p235