Acta Univ. Agric. Silvic. Mendelianae Brun. 2011, 59(7), 283-292 | DOI: 10.11118/actaun201159070283

Comparison of methodological approaches to identify economic activity regularities in transition economy

Jitka Poměnková1, Svatopluk Kapounek2, Roman Marąálek1
1 Ústav radioelektroniky, Fakulta elektrotechniky a komunikačních technologií, Vysoké učení technické v Brně, Purkyňova 118, 612 00 Brno, Česká republika
2 Výzkumné centrum, Provozně ekonomická fakulta, Mendelova univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika

Presented paper focuses on consideration and evaluation of methodical approaches to analyze cyclical structure character of economic activity in transition economy. As a starting point, work in time domain is applied, which is followed in frequency domain approach. Both approaches are viewed from methodical as well as application point of view and their advantage and disadvantage are discussed. Consequently, time-frequency domain approach is added and applied on real data. On the basis of obtained results recommendation is formulated. All discussed methodical approaches are also considered from the perspective of capability to evaluate behaving of business cycle in time of global economic crisis before/after year 2008. The empirical part of the paper deals with data of gross domestic product in the Czech Republic in 1996/Q1-2010/Q2.

Keywords: cyclical structure, time domain, frequency domain, time-frequency domain, business cycle
Grants and funding:

The results introduced in the paper are supported by the Czech Science Foundation via grant No. P402/11/0570 with the title "Time-frequency approach for the Czech Republic business cycle datting" and by the research intent CZ.1.07/2.2.00/15.0139 Wireless Communication Teams.

Received: August 28, 2011; Published: January 26, 2014  Show citation

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Poměnková, J., Kapounek, S., & Marąálek, R. (2011). Comparison of methodological approaches to identify economic activity regularities in transition economy. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 59(7), 283-292. doi: 10.11118/actaun201159070283
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