Metallurgy in the Czech Republic: a spatio-temporal view

Abstract

The objective of this paper is to introduce the stochastic input-output model of the impact of metallurgy sector on the Czech economy. Contrary to original input-output model, which is of deterministic nature, we reckon with interval estimates of the development of metallurgy sector. They help us to surpass deterministic impediments when analyzing and forecasting the possible developmental tendencies of metallurgy sector in various economies.

Keywords

• metallurgy sector
• interval estimates
• input-output
• probability distribution
• Czech Republic