Impact of productivity on current account behavior

This thesis is considered with impact of productivity on current account of Czech Republic. It is based on model presented by Glicka, R., and K. Rogoffa "Global versus Country-Specific Productivity Shocks and the Current Account". In this model productivity is distinguished on country specific and global productivity in countries of G-7. Other authors followed this model by extension or revision. In my thesis I was working with several series of productivity based on different data from some sectors of economy. To capture productivity is used Solow residuum of Cobb-Doublas production function. Country specific productivity shock worsen current account as initial model says. Analysis of time series revealed the most suitable series for description of current account behaviour as series of total industry with investment based on gross fixed capital formation