scholarly journals Default rate in the Czech Republic depending on selected macroeconomic indicators

2018 ◽  
Vol 21 (2) ◽  
pp. 69-82 ◽  
Author(s):  
Radmila Stoklasová
Keyword(s):  
Czech Republic ◽  
The Czech Republic ◽  
Macroeconomic Indicators ◽  
Default Rate

scholarly journals Evaluation of the adequacy of government minimum wage valorization policy in the Czech Republic in 2017 in the European context

2017 ◽  
Vol 8 (1) ◽  
pp. 21 ◽  
Author(s):  
Martin Pernica
Keyword(s):  
Czech Republic ◽  
Minimum Wage ◽  
Minimum Wages ◽  
Income Poverty ◽  
The Czech Republic ◽  
Eu Countries ◽  
Macroeconomic Indicators ◽  
Per Capita ◽  
The Government ◽  
Workforce Productivity

Research background: The government of the Czech Republic has agreed to an increase in the minimum monthly wage as of the beginning of 2017 to 11,000 CZK, which represents a year-over-year increase of over 11 %. The government is thus fulfilling its objective set out in February 2014 and stipulated in the Government Statement of Purpose, i.e. to approximate the minimum wage to 40 % of average wages. Purpose of the article: The purpose of the article is to assess the adequacy of the Government Minimum Wage Valorization Policy, in particular from two points of view. Firstly, in view of selected macroeconomic indicators in the Czech Republic — the development of consumer prices, average gross wages, economic growth and workforce productivity. Secondly, in comparison with other EU member states which have introduced the institution of a minimum wage. Methods: In order to assess the adequacy of government policy to improve the social protection of the rights of the working population, a background research was conducted into the literature of important studies on the effects of minimum wages on unemployment, while the development of average gross wages in the CR, the minimum monthly wages in the CR and the Kaitz index were also analyzed. Furthermore, an evaluation of selected macroeconomic indicators in the Czech Republic was performed by means of time lines and the percentage representation of employees in the individual gross wage bands according to sex and type of economic activity. Last, but not least, a comparison was made of minimum wages, real gross domestic product per capita and workforce productivity in Euros and in purchasing power standards between the Czech Republic and countries which have enacted the institution of minimum wages. Findings and Value added: The minimum wage in the Czech Republic is the fifth lowest in the EU. In the long term, it is earned by approximately 3% of employees, which is less than the rate common in other EU countries. Currently, the amount of the minimum wage is below the threshold of income poverty. In comparison with the GDP per capita in PPS and real labour productivity per person employed in other EU countries, the position of the Czech Republic is significantly better, although other EU countries offer higher minimum wages. The decision of the current government to significantly increase the minimum wage as of 2017 is correct.

scholarly journals Implementation of R&D Results and Industry 4.0 Influenced by Selected Macroeconomic Indicators

2019 ◽  
Vol 9 (9) ◽  
pp. 1846 ◽  
Author(s):  
Jena Švarcová ◽  
Tomáš Urbánek ◽  
Lucie Povolná ◽  
Eliška Sobotková
Keyword(s):  
European Union ◽  
Czech Republic ◽  
Industry 4.0 ◽  
Economic Recession ◽  
Economic Policies ◽  
Close Link ◽  
The Czech Republic ◽  
Macroeconomic Indicators ◽  
The Business Cycle ◽  
The Impact

Successful timing of INDUSTRY 4.0 projects in businesses can be disrupted by the coming of a recession. The authors assume a close link between INDUSTRY 4.0 and research and development (R&D) projects. R&D projects are statistically internationally monitored and have a significant impact on European Union economic policies. This article explores the impact of the two economic recessions in 2009 and 2012–2013 on the number of R&D entities and human resources involved in R&D in the Czech Republic. The method of multivariate statistics with dummy variables was used. Research has shown that different sectors (business sector, government sector, higher education sector, and non-profit sector) show a different development of the number of R&D entities in times of economic crisis. The research findings indicate that current European Union grant support, tax relief, and other specific factors appear to be more important for the development of R&D projects in the Czech Republic than the effects of economic recession. In terms of longer time horizons, however, the effects of the business cycle cannot be ignored. In order to predict economic development, enterprises and other subjects can use leading macroeconomic indicators.

Entrepreneurship in Tourism Sector in Central European Country: Hospitality Trends in the Czech Republic in 2007 - 2016

2019 ◽  
Vol 9 (6) ◽  
pp. 1351
Author(s):  
Ladislav MURA ◽  
Patrik KAJZAR
Keyword(s):  
Czech Republic ◽  
Unemployment Rate ◽  
Moderate Increase ◽  
Sources Of Information ◽  
Real Wages ◽  
The Czech Republic ◽  
Central European ◽  
Tourism Sector ◽  
Macroeconomic Indicators ◽  
The Impact

The aim of this paper is to evaluate the impact of occupancy in accommodation establishments in the Czech Republic at an average pace of real wage growth (%), GDP (%) and unemployment rate (%) in the period 2007-2016. The main sources of information utilized in contributions are based on tourism statistics and selected macroeconomic indicators obtained from the website of the Czech Statistical Office. The data was analysed using SAS software. The authors use regression analysis. It deals with dependence of the quantitative variable on one or more quantitative variables. The main results of this survey indicate an increase of  occupancy in collective acommodation establishements in the Czech Republic between 2007 - 2016, as well as a moderate increase was detected in  real wages and the GDP. While detecting an  increase of  occupancy in collective acommodation establishements in the Czech Republic, the fall of unemployment rate was recognized.

scholarly journals Macroeconomic implication of the floods – a case study for the regions of the Czech Republic

2012 ◽  
Vol 60 (7) ◽  
pp. 289-298 ◽  
Author(s):  
Jana Soukopová ◽  
Lenka Furová
Keyword(s):  
Czech Republic ◽  
Capital City ◽  
The Czech Republic ◽  
Economic Level ◽  
Damage Structure ◽  
Fixed Capital Formation ◽  
Macroeconomic Indicators ◽  
Czech Society ◽  
The Impact

Floods are natural events with extensive impact on property and life of affected people. They significantly came in 1997 into the life of Czech society and since then has caused damage almost 172 billion CZK. The paper focuses on the assessment of impact of floods from 1997 to 2010 on economic level of each region. The impact is assessed on basis of development of the basic macroeconomic indicators such as GDP and economic level of regions, change in fixed capital formation, sales of industrial products and unemployment. The basic idea is to show how much floods have influenced region’s economy and if it depends more on the amount of flood damages or nature of damage (structure within infrastructure). 13 regions of the Czech Republic except Prague were chosen for the analysis. Prague was excluded from the analysis because of its specific status (capital city and the region) and economic conditions among regions in the Czech Republic (higher GDP per capita than the national average).

scholarly journals Predicting Macroeconomic Indicators in the Czech Republic Using Econometric Models and Exponential Smoothing Techniques

2012 ◽  
Vol 7 (2) ◽  
pp. 89-99
Author(s):  
Bratu Mihaela Simionescu
Keyword(s):  
Czech Republic ◽  
Interest Rate ◽  
Exponential Smoothing ◽  
Econometric Models ◽  
Econometric Modeling ◽  
Smoothing Techniques ◽  
The Czech Republic ◽  
Forecasting Methods ◽  
Macroeconomic Indicators ◽  
Short Run

Abstract Econometric modeling and exponential smoothing techniques are two quantitative forecasting methods with good results in practice, but the objective of the research was to find out which of the two techniques are better for short run predictions. Therefore, for inflation, unemployment and interest rate in the Czech Republic various accuracy indicators were calculated for the predictions based on these methods. Short run forecasts on a horizon of 3 months were made for December 2011-February 2012, the econometric models being updated. For the Czech Republic, the exponential smoothing techniques provided more accurate forecasts than the econometric models (VAR(2) models, ARMA procedure and models with lagged variables). One explication for the better performance of smoothing techniques would be that in the chosen countries the short run predictions were more influenced by the recent evolution of the indicators.

scholarly journals Modeling Macroeconomic Indicators in Unstable Economies

2021 ◽  
Author(s):  
Yuliia Zhukova ◽  
Olena Anatoliivna Sobolieva-Tereshchenko
Keyword(s):  
Developing Countries ◽  
Czech Republic ◽  
Linear Trend ◽  
Piecewise Linear ◽  
Economic Dynamics ◽  
The Czech Republic ◽  
Trend Model ◽  
Proposed Model ◽  
Continuous Models ◽  
Macroeconomic Indicators

Abstract A method for analysis of the dynamics of macroeconomic indicators based on the model of a piecewise trend for economies of unstable growth is proposed. The relevance of the article is supported by the absence of adequate mathematical models and the inadequacy of traditional continuous models to describe the features of economic dynamics of this type. Its application is demonstrated on the examples of Ukraine, Greece and Italy in comparison with stable developing countries of Eastern Europe - the Czech Republic, Slovakia and Poland. In the process of approbation new indices of instability based on this model have been developed. A higher degree of conformity of the proposed model is proved in comparison with traditional continuous models not only for countries with signs of unstable economic dynamics, but also for some countries with stable economies. During approbation, a new index of instability of growth was developed based on this piecewise linear trend model. The indices of instability of growth were calculated for 43 European countries for the period from 1989 to 2019 and their rating was built.JEL Classification: E27, D61, G17

scholarly journals Comparison of the Performance Development of Construction Companies in the South Moravian Region of the Czech Republic: A Case Study

2021 ◽  
Vol 1203 (2) ◽  
pp. 022029
Author(s):  
Eva Vítková ◽  
Gabriela Kocourková ◽  
Lucie Vaňková ◽  
Štěpán Slováček
Keyword(s):  
Czech Republic ◽  
Performance Indicator ◽  
Financial Analysis ◽  
The South ◽  
The Czech Republic ◽  
Construction Companies ◽  
National Statistics ◽  
Macroeconomic Indicators ◽  
Performance Development ◽  
Return On Sales

Abstract Historically, construction has always been one of the key sectors for state economic production. It has undergone developments over the years closely related to the world economic situation. The Czech Statistical Office, which processes annual analyses of construction production and describes market development resulting from the analysis of the construction industry deals with the development of economic sectors in the Czech Republic. A set of financial indicators which provide information on the overall market situation is annually published as a part of the research of the Ministry of Industry and Trade of the Czech Republic in the form of a corporate sector financial analysis. The performance of construction companies can be measured by various indicators. The most important performance indicator is the return on sales. This financial analysis ratio is quarterly published as a statistic within the construction sector in the national statistics published by the Ministry of Industry and Trade. The aim of the research described in the article is to compare the performance development of construction companies operating in the South Moravian Region of the Czech Republic. 12 samples of construction companies (4 samples representing the category of small, medium-sized, and large companies) were chosen for comparison. Their return on sales was calculated on the basis of financial statements in the 2013 – 2019 period. This value was plotted in the development trend, which was subsequently compared with the national statistics. The overall comparison of the performance development of construction companies, which was quantified using macroeconomic indicators, was carried out in the South Moravian Region. The macroeconomic indicators of the South Moravian Region were also compared with the national indicators provided by the Czech Statistical Office.

Sign in / Sign up

Export Citation Format

Share Document