scholarly journals Measuring Nominal and Real Convergence of Selected CEE Countries by the Taylor Rule

2016 ◽  
Vol 52 (1) ◽  
pp. 9-22 ◽  
Author(s):  
Tobias Böing ◽  
Georg Stadtmann ◽  
Meerim Sydykova
Keyword(s):  
Czech Republic ◽  
Business Cycle ◽  
Taylor Rule ◽  
The Czech Republic ◽  
Percentage Points ◽  
Real Convergence ◽  
Degree Of Convergence ◽  
High Degree

Abstract We propose using a simple Taylor rule to evaluate business cycle convergence of the Czech Republic, Hungary, and Poland with the Eurozone. Our findings indicate an ongoing convergence of those CEE countries to the Eurozone, but with instabilities and heterogeneity between the countries. Especially Poland has shown a high degree of convergence in recent years. But there are still relevant differences in Taylor rates of each country to the Eurozone of about two percentage points.

Echoing the european monetary integration in the czech republic

1998 ◽  
Vol 7 (3) ◽  
Author(s):  
Oldřich Dědek
Keyword(s):  
Czech Republic ◽  
Open Economy ◽  
Early Stage ◽  
Monetary Integration ◽  
Convergence Criteria ◽  
The Czech Republic ◽  
Catching Up ◽  
Real Convergence ◽  
High Degree ◽  
The Eu

Even in the case of an optimistic scenario of joining the EU at an early stage in the next century, CE countries are highly unlikely to participate in the take-off stage of EMU. Instead, they are expected to address some more elementary issues related to their transition processes. But the fact of being a small and open economy implies a high degree of macroeconomic discipline, in many respects not so much unlike that embedded in the Maastricht convergence criteria. Whatever disputes many surround the Maastricht convergence criteria, one can scarcely deny that they do suggest directions in which CE economies need to further upgrade their fundamentals. They put aside, however, so-called real convergence measured by the level of GDP per capita. The currency crisis in the Czech Republic delivered the lesson that the growth rates, if not underpinned by a healthy macroeconomic background, are short-lived and bring only lags Into the catching-up process.

scholarly journals Cluster performance management

ACC Journal ◽  
2020 ◽  
Vol 26 (2) ◽  
pp. 94-100
Author(s):  
Natalie Pelloneová
Keyword(s):  
Czech Republic ◽  
Financial Performance ◽  
Performance Management ◽  
Public Support ◽  
Top Down ◽  
Cluster Performance ◽  
The Czech Republic ◽  
Business Entities ◽  
High Degree ◽  
The Impact

The presented article is based on research evaluating the impact of cluster organisations on the financial performance of member entities. The author’s doctoral thesis examines whether there is a difference in the financial performance of cluster organisations created through the bottom-up and the top-down approaches, under the conditions existing in the Czech Republic. Both types of clusters that meet the condition of maturity (established before or in 2012) and of a high degree of activity were selected for the research. The financial performance of member business entities was assessed using the following indicators: ROA, ROE, ROS, EVA, EVA/employee and EVA/sales. The aim of the research was to demonstrate whether public support for clusters would be reflected in member entities’ better financial performance. The final part of the paper then summarises and discusses the findings.

Business Competencies Within Unstable Business Environments

2020 ◽  
pp. 41-58
Author(s):  
Jarmila Sebestova ◽  
Monika Lejková
Keyword(s):  
Czech Republic ◽  
Business Cycle ◽  
Negative Relationship ◽  
Competency Model ◽  
Primary Research ◽  
The Czech Republic ◽  
Business Environments ◽  
Business Competencies ◽  
Entrepreneurial Competencies ◽  
The Individual

Entrepreneurial competencies and reaction to solve business problems coming from the external macroenvironment are closely linked together. Here, we explored the individual business competencies that support export activities within a business cycle context. The aim of the chapter is to present a model, which covers a mixture of competencies and factors, which has an influence on entrepreneurial reactions. The results are based on primary research (210 respondents) in the Czech Republic. Those findings are presented in the form of “entrepreneurial” prototype models. Moreover, the study confirmed a negative relationship related to business age, business cycle and company branch. Based on these results, implications for further research on this topic, as well as implications for practitioners in the form of the competency model, are discussed.

scholarly journals Lyme neuroborreliosis presenting as spinal myoclonus

2019 ◽  
Vol 12 (12) ◽  
pp. e233162
Author(s):  
Xena Li ◽  
Aaron Kirschner ◽  
Mary Metrie ◽  
Mark Loeb
Keyword(s):  
Czech Republic ◽  
Lyme Disease ◽  
Erythema Migrans ◽  
Lyme Neuroborreliosis ◽  
Neurological Manifestations ◽  
The Czech Republic ◽  
Fluid Analysis ◽  
Rare Manifestation ◽  
Spinal Myoclonus ◽  
High Degree

Early neurological Lyme disease (neuroborreliosis) typically presents with well-recognised neurological syndromes. Spinal myoclonus is however a rare manifestation of neuroborreliosis. We present the case of a man who developed spinal myoclonus 3 weeks after returning from the Czech Republic where he developed erythema migrans on his arm following multiple tick exposures. Spinal fluid analysis showed a pleocytosis and MRI showed enhancement at C5-C6. His serology was positive for IgM antibodies to Borrelia afzelli. He was successfully treated with ceftriaxone and doxycycline with improvement of his spinal myoclonus and radiculitis. We conclude that early Lyme neuroborreliosis may present with uncommon neurological manifestations and so a high degree of suspicion is needed.

scholarly journals The Concordance Index of the Business Cycles in the Czech Republic and other selected Central and Eastern Europen Countries and the Eurozone

2010 ◽  
Vol 58 (6) ◽  
pp. 407-414 ◽  
Author(s):  
Petr Rozmahel ◽  
Nikola Najman
Keyword(s):  
Czech Republic ◽  
Business Cycle ◽  
Monetary Integration ◽  
Band Pass Filter ◽  
Concordance Index ◽  
Pass Filter ◽  
The Czech Republic ◽  
The Business Cycle ◽  
Concordance Measures ◽  
High Level

The paper deals with the evaluation of the preparedness of the Czech Republic and other candidate countries to join the Eurozone. The main goal is to asses the level of business cycle similarity in the selected Eurozone member and candidate countries using the Concordance index. Business cycle similarity belongs among the criteria defined within the theory of optimum currency areas. The first order differencing procedure, Hodrick-Prescott filter and Christiano-Fitzgerald band pass filter were used to identify the classical and growth GDP cycles. The results show that the Czech Republic belongs among the states with relatively high level of concordance comparing to the other Eurozone member and candidate countries. Accordingly, the measure of business cycle concordance should not serve as an argument for slowing down of the monetary integration process in the Czech Republic. The resultant concordance measures also give an evidence of relatively low level of the business cycle similari­ty of Slovak economy and the Eurozone, which might imply a possibly higher risk of the asymmetric shock occurrence in Slovakia.

scholarly journals Spectral Analysis Of Business Cycles In The Visegrad Group Countries

2017 ◽  
Vol 20 (2) ◽  
pp. 53-71 ◽  
Author(s):  
Arkadiusz Kijek
Keyword(s):  
Spectral Analysis ◽  
Czech Republic ◽  
Business Cycles ◽  
Business Cycle ◽  
Fourier Analysis ◽  
Traditional Approach ◽  
The Czech Republic ◽  
Precise Estimation ◽  
The Business Cycle ◽  
Visegrad Group

This paper examines the business cycle properties of Visegrad group countries. The main objective is to identify business cycles in these countries and to study the relationships between them. The author applies a modification of the Fourier analysis to estimate cycle amplitudes and frequencies. This allows for a more precise estimation of cycle characteristics than the traditional approach. The cross-spectral analysis of GDP cyclical components for the Czech Republic, Hungary, Poland and Slovakia makes it possible to assess the degree of business cycle synchronization between the countries.

scholarly journals Stosunki czesko-ormiańskie

Lehahayer ◽  
2021 ◽  
Vol 7 ◽  
pp. 283-302
Author(s):  
Petra Košťálová
Keyword(s):  
Czech Republic ◽  
Research Centre ◽  
Historical Survey ◽  
Historical Experience ◽  
The Czech Republic ◽  
Identity Strategies ◽  
Armenian Diaspora ◽  
Two Generations ◽  
Oriental Studies ◽  
High Degree

Czech-Armenians relations: a brief historical survey Armenian studies in Czech Republic became more widely known toCzech public in recent years. Following up the long tradition of Oriental studies ingeneral, a newly re-established research centre was opened at the Department ofEast-European Studies at Charles University, aiming to cooperate with other colleagues.After long and heated discussions, Czech Republic decided on (albeit nonofficial) recognition of Armenian Genocide and supports initiatives to prevent suchviolence in future. Several monographs dealing with this subject were published recently.And finally, despite the fact that the Czech Republic has no historical experience with the presence of Armenian diaspora before the year 1990, well establishedand coherent Armenian community exists here now and – especially in Prague –shows a high degree of integration into Czech majority. Already two generations ofCzech Armenians are following their identity strategies while preserving their owncultural identity.

scholarly journals Political Business Cycle in the Czech Republic: Case of Municipalities

2016 ◽  
Vol 25 (3) ◽  
pp. 304-320 ◽  
Author(s):  
Michal Plaček ◽  
Milan Půček ◽  
František Ochrana ◽  
Milan Křápek ◽  
Lenka Matějová
Keyword(s):  
Czech Republic ◽  
Business Cycle ◽  
Political Business Cycle ◽  
The Czech Republic

scholarly journals Industrial production periodicity testing using R. A. Fisher test

2010 ◽  
Vol 58 (3) ◽  
pp. 189-196 ◽  
Author(s):  
Jitka Poměnková ◽  
Roman Maršálek
Keyword(s):  
Czech Republic ◽  
Business Cycle ◽  
Industrial Production ◽  
Statistical Significance ◽  
Critical Values ◽  
The Czech Republic ◽  
Fisher Test ◽  
Cyclical Fluctuation ◽  
The Business Cycle ◽  
Economic Studies

The aim of this paper is to evaluate statistical significance of the business cycle periodicity types in the Czech Republic between 1996/Q1–2008/Q4. Cyclical fluctuation representing a growth business cycle is taken as the result of de-trending input values using filtering techniques, namely Hodrick-Prescott filter and Baxter-King filters. Thereafter, identification of periodicity type is viewed from frequency analysis perspective, i.e. using harmonic analysis. Critical values for the 1%, 5% and 10% risk for the test designed by R. A. Fisher are derived and enumerated. Comparing values of periodogram with critical values of the R. A. Fisher test conclusion about statistic significance of periodicity is fi­nis­hed. Growth business cycle is identified on the basis of quarterly values of industrial production in the Czech Republic 1996/Q1–2008/Q4. Obtained results – the lengths of significance periods – are compared with economic studies.

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