Abstract
It is important to evaluate the impact of economic fluctuations on the transport sector operational efficiency, since such an analysis...
Highlights
The contemporary economic reality can be identified as a recurrent sequence of economic fluctuations, when economic growth is a sequence of downturns and upturns
The operational efficiency of the Lithuanian transport sector was analysed in the context of the cyclical national economy, and not in individual economic boom or recession periods, as that allowed for more detailed evaluation of the specific activities of the sector and its impact on Lithuanian economy
Four different mathematical methods for efficiency evaluation were created that can be applied to the analysis of the transport sector companies' operational efficiency: the weighted "rapid" economic efficiency indicator and the calculation of the economic efficiency indicator by means of the financial rating method, the weighted geometric mean method, and the arithmetic mean method
Summary
The contemporary economic reality can be identified as a recurrent sequence of economic fluctuations, when economic growth is a sequence of downturns and upturns. Observation of economic cycles is very important, as economic fluctuations have an impact on the overall economy of the country, are felt in all sectors, and affect the public social stability. For these reasons, both the government and the business sector are interested in understanding the factors that predetermine the regularities and variations of the economic cycle so as to be able to prepare for potential difficulties or, on the contrary, for the business development on time. "Economic cycles are not twins, traits can be identified in them that prove their belonging to one family"[14, p. A uniform structure of the economic cycles and an analysis of the cycles of different duration allow for the explanation of the relationship of different economic cycles
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