Abstract The aim of the article is to identify determinants of export of road vehicles from Slovakia to the United Kingdom. The Error correction model is based on monthly data from January 2008 to November 2018. The modelling identifies short and long-run effects of real effective exchange rate, inflation rate and industrial production on foreign demand of transport equipment. The real effective exchange rate indicates competitiveness of domestic producers towards most important trade partners, inflation rate of Slovakia is a proxy for macroeconomic environment and industrial production of the UK stands in for the income variable. The results suggest that export of road vehicles is in the long-run impacted by exchange rate and industrial production. The appreciation of exchange rate reduces export from SR to the UK while rising income increases foreign demand. In the short-run trading with motor vehicles is impacted by all three explanatory variables. The Error correction term indicates that roughly 30 % of disequilibrium in the previous month will be corrected in the current month. The implications are for governing bodies to manage the current commodity framework which is at present mainly oriented on machinery and transport equipment and to support companies from other industries aiming to create more diversified export commodity structure.

中文翻译：

---

从斯洛伐克到英国的汽车出口建模-矢量误差校正方法

摘要本文旨在确定从斯洛伐克向英国出口道路车辆的决定因素。错误校正模型基于2008年1月至2018年11月的月度数据。该模型确定了实际有效汇率，通货膨胀率和工业生产对运输设备的外国需求的短期和长期影响。实际有效汇率表明国内生产商对最重要的贸易伙伴的竞争力，斯洛伐克的通货膨胀率代表宏观经济环境，英国的工业生产代表收入变量。结果表明，从长期来看，道路车辆的出口受到汇率和工业生产的影响。汇率升值减少了从SR到英国的出口，而收入增加则增加了外国需求。在短期内，机动车交易受所有三个解释变量的影响。误差校正项表明上个月约30％的不平衡将在当月得到校正。其含义是管理机构管理当前主要针对机械和运输设备的当前商品框架，并支持其他行业的公司，这些公司旨在创建更加多样化的出口商品结构。