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Title

DETERMINANTS OF THE ECONOMIC DEVELOPMENT OF THE VISEGRAD GROUP COUNTRIES.

Authors

BEDNARZEWSKA, Kinga

Abstract

Purpose: The research purpose of this article was to identify selected variables that influence the overall level of economic development of the Visegrad Group countries. Design/methodology/approach: The article uses qualitative and quantitative research methods. A review of Polish and foreign literature on the subject was conducted, and secondary data (desk research) was analyzed based on public statistical data presented in time series (Eurostat, OECD, The World Bank) covering the period 2017-2024. To indicate the relationships between variables, a statistical analysis was performed using linear regression using the Stepwise method. Findings: The article presents selected macroeconomic factors that affect the level of economic development of the Visegrad Group countries. The analysis of the interdependencies between these factors allowed for a deeper understanding of the relationships between variables. Originality/value: The influence of selected macroeconomic factors conditioning the economic development of the Visegrad Group countries was verified using linear regression analysis. The literature review allowed the author to diagnose the research gap in the scope of the indicated determinants of the economic development of the V4 Group countries.

Subjects

VISEGRAD Group (Organization); EVIDENCE gaps; QUANTITATIVE research; MINIMUM wage; POLISH literature; REGRESSION analysis

Publication

Scientific Papers of Silesian University of Technology. Organization & Management / Zeszyty Naukowe Politechniki Slaskiej. Seria Organizacji i Zarzadzanie, 2024, Issue 209, p25

ISSN

1641-3466

Publication type

Academic Journal

DOI

10.29119/1641-3466.2024.209.2