{"title":"Laureáti prestižní ceny za matematiku","authors":"Pavel Širůček","doi":"10.18267/j.polek.1258","DOIUrl":"https://doi.org/10.18267/j.polek.1258","url":null,"abstract":"","PeriodicalId":44220,"journal":{"name":"Politicka Ekonomie","volume":"67 1","pages":"672-675"},"PeriodicalIF":0.3,"publicationDate":"2020-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44970133","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Structural Links of Slovak Exporting Sectors Input-output models allow quantification of direct and indirect linkages in the structure of an economy. Based on these linkages, it is possible to evaluate in details the effects of various sectors on the national economy. This paper focuses on the exporting sectors that are considered to be the main industries of Slovak economy. Its aim is to examine their direct and indirect impacts on Slovakia's economy. From the point of view of assessing the effects and structural links of export industries for the Slovak economy, the computer, electronic and optical product manufacturing sector appears to be relatively the least important sector. The automobile production does not generate a high value added per unit of production but its importance for Slovak production is significant. From the point of view of demand and supply linkages, none of the monitored export sectors seemed to be the key for Slovak economy.
{"title":"Structural Links of Slovak Exporting Sectors","authors":"J. Ďurčová, ľudmila Bartóková","doi":"10.18267/j.polek.1260","DOIUrl":"https://doi.org/10.18267/j.polek.1260","url":null,"abstract":"Structural Links of Slovak Exporting Sectors Input-output models allow quantification of direct and indirect linkages in the structure of an economy. Based on these linkages, it is possible to evaluate in details the effects of various sectors on the national economy. This paper focuses on the exporting sectors that are considered to be the main industries of Slovak economy. Its aim is to examine their direct and indirect impacts on Slovakia's economy. From the point of view of assessing the effects and structural links of export industries for the Slovak economy, the computer, electronic and optical product manufacturing sector appears to be relatively the least important sector. The automobile production does not generate a high value added per unit of production but its importance for Slovak production is significant. From the point of view of demand and supply linkages, none of the monitored export sectors seemed to be the key for Slovak economy.","PeriodicalId":44220,"journal":{"name":"Politicka Ekonomie","volume":"1 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2020-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67824685","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Karol Szomolányi, Martin Lukáčik, Adriana Lukacikova
The elasticity of substitution between labour and capital in the Slovak economy is estimated in the paper. We used an econometric specification of capital and labour demand and data from the National Bank of Slovakia's macroeconomic database. In order to filter the processes caused by short-term shocks, the data were adjusted using the frequency filter. Using the Breusch and Pagan test, we have shown that the stochastic terms of capital and labour demand are related. Therefore, we did not use only the least squares method to estimate both specifications, but we also estimated a system of two equations with seemingly unrelated regression. The paper is extended with a discussion showing that the relatively low value of the input substitution elasticity could theoretically be explained by the transitive nature of the Slovak economy during the studied period. The elasticity of substitution between labour and capital in the Slovak economy was relatively low in the period 1997-2014; we estimated its value in the range from 0.03 to 0.11 depending on the choice of the database version.
{"title":"Estimate of Elasticity of Substitution of Inputs in Slovak Economy","authors":"Karol Szomolányi, Martin Lukáčik, Adriana Lukacikova","doi":"10.18267/j.polek.1253","DOIUrl":"https://doi.org/10.18267/j.polek.1253","url":null,"abstract":"The elasticity of substitution between labour and capital in the Slovak economy is estimated in the paper. We used an econometric specification of capital and labour demand and data from the National Bank of Slovakia's macroeconomic database. In order to filter the processes caused by short-term shocks, the data were adjusted using the frequency filter. Using the Breusch and Pagan test, we have shown that the stochastic terms of capital and labour demand are related. Therefore, we did not use only the least squares method to estimate both specifications, but we also estimated a system of two equations with seemingly unrelated regression. The paper is extended with a discussion showing that the relatively low value of the input substitution elasticity could theoretically be explained by the transitive nature of the Slovak economy during the studied period. The elasticity of substitution between labour and capital in the Slovak economy was relatively low in the period 1997-2014; we estimated its value in the range from 0.03 to 0.11 depending on the choice of the database version.","PeriodicalId":44220,"journal":{"name":"Politicka Ekonomie","volume":"1 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2020-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67825159","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Fiscal Impulse and Post-crisis Estimate of Fiscal Multipliers in the Czech Republic","authors":"Zdeněk Pikhart","doi":"10.18267/j.polek.1256","DOIUrl":"https://doi.org/10.18267/j.polek.1256","url":null,"abstract":"","PeriodicalId":44220,"journal":{"name":"Politicka Ekonomie","volume":"1 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2020-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67824644","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Monetary Policy - the Way Forward?","authors":"E. Zamrazilová","doi":"10.18267/j.polek.1266","DOIUrl":"https://doi.org/10.18267/j.polek.1266","url":null,"abstract":"","PeriodicalId":44220,"journal":{"name":"Politicka Ekonomie","volume":"1 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2020-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67824924","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ambiguous terminology as well as causality and a too wide spectrum of determinants on the demand side of the welfare state are the main drawbacks in the literature on the topic. The aim of this paper is to systematise the literature on individual support for the welfare state. Besides clarification of the terminology and argumentation of prevailing causality (informal institutions → individual support for the welfare state), the paper underlines the importance of individualist values and beliefs; in particular, individual control over one's own life, which can be based on the psychological concepts of locus of control and self-efficacy and can be empirically tested thanks to the WVS/EVS databases.
{"title":"Limits of Classification of Determinants of Individual Support for the Welfare State","authors":"Luděk Kouba","doi":"10.18267/j.polek.1278","DOIUrl":"https://doi.org/10.18267/j.polek.1278","url":null,"abstract":"Ambiguous terminology as well as causality and a too wide spectrum of determinants on the demand side of the welfare state are the main drawbacks in the literature on the topic. The aim of this paper is to systematise the literature on individual support for the welfare state. Besides clarification of the terminology and argumentation of prevailing causality (informal institutions → individual support for the welfare state), the paper underlines the importance of individualist values and beliefs; in particular, individual control over one's own life, which can be based on the psychological concepts of locus of control and self-efficacy and can be empirically tested thanks to the WVS/EVS databases.","PeriodicalId":44220,"journal":{"name":"Politicka Ekonomie","volume":"1 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67826085","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper examines payout characteristics of firms in a cultural and political alliance of four Central European nations, the Visegrad Group. The sample consists of more than 100,000 firm-year observations from 2001 to 2015. Our results indicate that smoothing behaviour diminishes among firms with majority ownership and that the total payout characteristics behave according to existing theories on passive ownership behaviour and agency costs.
{"title":"Firms' Total Payout Characteristics in Visegrad Countries","authors":"J. Hanousek, J. Tresl","doi":"10.18267/j.polek.1252","DOIUrl":"https://doi.org/10.18267/j.polek.1252","url":null,"abstract":"This paper examines payout characteristics of firms in a cultural and political alliance of four Central European nations, the Visegrad Group. The sample consists of more than 100,000 firm-year observations from 2001 to 2015. Our results indicate that smoothing behaviour diminishes among firms with majority ownership and that the total payout characteristics behave according to existing theories on passive ownership behaviour and agency costs.","PeriodicalId":44220,"journal":{"name":"Politicka Ekonomie","volume":"1 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2019-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67825155","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This article presents the outcome of research focused on financial characteristics of companies declaring a moratorium. The key purpose of the moratorium is to avoid threatening bankruptcy. The aim of the research is to identify the financial situation of the companies entering the moratorium process. The main objective was to find the answer to the core question whether there is any chance of avoiding bankruptcy using the moratorium, that is, whether the moratorium fulfils its basic function. The research is based on a quantitative analysis of selected financial ratios and synthetic indicators and their mutual relations. The analysis looks for an answer to what financial indicator levels were characteristic for the companies launching the moratorium mode of operation and what these levels indicated. The research results prove that the financial situation of the companies entering the moratorium process was unsatisfactory. It is even possible to conclude that the companies were in the last stage of their corporate crisis. This situation shows that the probability of avoiding bankruptcy was extremely low.
{"title":"FINANČNÍ CHARAKTERISTIKY PODNIKŮ PŘED VYHLÁŠENÍM MORATORIA","authors":"Jaroslav Schönfeld, Michal Kuděj, Luboš Smrčka","doi":"10.18267/J.POLEK.1247","DOIUrl":"https://doi.org/10.18267/J.POLEK.1247","url":null,"abstract":"This article presents the outcome of research focused on financial characteristics of companies declaring a moratorium. The key purpose of the moratorium is to avoid threatening bankruptcy. The aim of the research is to identify the financial situation of the companies entering the moratorium process. The main objective was to find the answer to the core question whether there is any chance of avoiding bankruptcy using the moratorium, that is, whether the moratorium fulfils its basic function. The research is based on a quantitative analysis of selected financial ratios and synthetic indicators and their mutual relations. The analysis looks for an answer to what financial indicator levels were characteristic for the companies launching the moratorium mode of operation and what these levels indicated. The research results prove that the financial situation of the companies entering the moratorium process was unsatisfactory. It is even possible to conclude that the companies were in the last stage of their corporate crisis. This situation shows that the probability of avoiding bankruptcy was extremely low.","PeriodicalId":44220,"journal":{"name":"Politicka Ekonomie","volume":"67 1","pages":"490-510"},"PeriodicalIF":0.3,"publicationDate":"2019-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42749172","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Working Poverty and Its Dimensions The importance of working poverty increased in 2003, owing to the European strategy in which one of the goals was to reduce the number of working people in poverty in the EU. Despite its seriousness, experts have not achieved a uniform theoretical model or definition. The situation is the same for methodology and empirics, which are determined by availability of statistical data. For these reasons, knowledge of working poverty is in its infancy. Therefore, we set a goal to take into account findings from past research into working poverty in the world, focusing primarily on the situation in Slovakia. Based on EU SILC 2016 data, we created our own model of variables in which we assumed that they determine the genesis and manifestations of working poverty in its particular structural components and we measured their intensity using the logistic regression and the decision tree model.
{"title":"Working Poverty and Its Dimensions","authors":"V. Labudová, Mária Antalová, Milena Bugárová","doi":"10.18267/j.polek.1245","DOIUrl":"https://doi.org/10.18267/j.polek.1245","url":null,"abstract":"Working Poverty and Its Dimensions The importance of working poverty increased in 2003, owing to the European strategy in which one of the goals was to reduce the number of working people in poverty in the EU. Despite its seriousness, experts have not achieved a uniform theoretical model or definition. The situation is the same for methodology and empirics, which are determined by availability of statistical data. For these reasons, knowledge of working poverty is in its infancy. Therefore, we set a goal to take into account findings from past research into working poverty in the world, focusing primarily on the situation in Slovakia. Based on EU SILC 2016 data, we created our own model of variables in which we assumed that they determine the genesis and manifestations of working poverty in its particular structural components and we measured their intensity using the logistic regression and the decision tree model.","PeriodicalId":44220,"journal":{"name":"Politicka Ekonomie","volume":"1 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2019-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67825093","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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