scholarly journals The relationship between M3 and consumer price index in the Czech Republic

2018 ◽  
Vol 4 (10) ◽  
pp. 226-236
Author(s):  
Libena Cernohorska
Keyword(s):  
Time Series ◽  
Czech Republic ◽  
Price Index ◽  
Statistical Data ◽  
Consumer Price Index ◽  
Monetary Aggregate ◽  
The Czech Republic ◽  
Significance Level ◽  
The Relationship ◽  
Cointegration Relationship

This paper aimed at analysing the influence of monetary aggregate M3 on consumer price index (CPI) in the Czech Republic. Cointegrating this selected indicator M3 is demonstrated in relation to the development of CPI using the Engle – Granger cointegration test. These tests are applied to selected statistical data from the years 2003 to 2016. After using the Akaike criteria for all-time series, we analysed a unit root using the Dickey–Fuller test. If the time series are non-stacionary, testing is then continued with the Engle–Granger test to detect cointegration relations. Based on these tests, it is found that at a significance level of 0.05, a cointegration relationship between M3 and CPI in the Czech Republic does not exist. Conclusions resulting from the verification of the hypotheses are supported with graphical visualisation of data from which it is apparent that these hypotheses can be rejected. Keywords: M3; Czech Republic ; CPI ; Akaike criteria

scholarly journals The relationship between M3 and consumer price index in the Czech Republic

2018 ◽  
Vol 4 (10) ◽  
pp. 23-32
Author(s):  
Libena Cernohorska
Keyword(s):  
Time Series ◽  
Czech Republic ◽  
Price Index ◽  
Consumer Price Index ◽  
Test Results ◽  
The Czech Republic ◽  
Significance Level ◽  
Integration Test ◽  
The Relationship ◽  
Cointegration Relationship

The aim of this paper is to analyse the influence of monetary aggregate M3 on consumer price index (CPI) in the Czech Republic. Co-integration of this selected indicator M3 is demonstrated in relation to the development of CPI using the Engle – Granger co-integration test. These tests are applied to selected statistical data from 2003 to 2016. First step is to determine the optimum delay using Akaike criteria for all-time series analysed. Then the presence of a unit root is analysed using the Dickey–Fuller test. Based on the test results, time series is excluded, which appears to be stationary. If the conditions are met, testing then continued with the Engle–Granger test to detect cointegration relations, which would determine a longterm relationship between selected variables. Based on these tests, it is found that at a significance level of 0.05 doesn’t exist cointegration relationship between M3 and CPI in the Czech Republic. Conclusions resulting from the verification of the hypotheses are supported with graphical visualisation of data from which it is apparent that these hypotheses can be rejected. Keywords: Akaike crieteria, Dickey–Fuller test, Engle–Granger cointegration test, CPI, M3.

scholarly journals Assigning a Value to Volunteering in Requests for Proposals

SAGE Open ◽  
2021 ◽  
Vol 11 (2) ◽  
pp. 215824402110095
Author(s):  
Jakub Dostál
Keyword(s):  
Czech Republic ◽  
Theoretical Basis ◽  
Economic Value ◽  
European Economic Area ◽  
The Czech Republic ◽  
A Value ◽  
Economic Area ◽  
Different Types ◽  
The Relationship ◽  
Volunteer Time

The economic value of volunteering is an increasingly important part of volunteering management. It has become part of public policies. Some requests for proposals (RFP) enable nonprofits to include the value of volunteer time in compulsory co-financing. These RFP include the European Economic Area (EEA) Grants and Norway Grants. This article addresses the relationship in the value of volunteering, also called in-kind volunteering contributions. The research includes two case studies of finances from EEA and Norway Grants in the Czech Republic: the Czech NGO Programme, responsible for allocating grants between 2009 and 2014, and the Active Citizens Fund, responsible for allocating grants between 2014 and 2021. They share elements through the EEA and Norway Grants rules. However, they use different types of specialist replacement wages. The article summarizes the arguments for including in-kind volunteering contributions. It presents the possible values of these contributions in the selected cases, including the relationship between the type of volunteering and the number of hours necessary to achieve these values. The article defines the theoretical basis for calculating the value of in-kind volunteer contributions and illustrates this with real examples of allocations from EEA and Norway Grants.

scholarly journals A forecasting the consumer price index using time series model

2021 ◽  
Vol 107 ◽  
pp. 10002
Author(s):  
Volodymyr Shinkarenko ◽  
Alexey Hostryk ◽  
Larysa Shynkarenko ◽  
Leonid Dolinskyi
Keyword(s):  
Time Series ◽  
Price Index ◽  
Consumer Price Index ◽  
Exponential Smoothing ◽  
Time Series Model ◽  
Initial Time ◽  
Autocorrelation Functions ◽  
Minimum Error ◽  
Initial Time Series

This article examines the behavior of the consumer price index in Ukraine for the period from January 2010 to September 2020. The characteristics of the initial time series, the analysis of autocorrelation functions made it possible to reveal the tendency of their development and the presence of annual seasonality. To model the behavior of the consumer price index and forecast for the next months, two types of models were used: the additive ARIMA*ARIMAS model, better known as the model of Box-Jenkins and the exponential smoothing model with the seasonality estimate of Holt-Winters. As a result of using the STATISTICA package, the most adequate models were built, reflecting the monthly dynamics of the consumer price index in Ukraine. The inflation forecast was carried out on the basis of the Holt-Winters model, which has a minimum error.

scholarly journals Unraveling the association between socioeconomic diversity and consumer price index in a tourism country

2021 ◽  
Vol 8 (1) ◽  
Author(s):  
Yan Leng ◽  
Nakash Ali Babwany ◽  
Alex Pentland
Keyword(s):  
High Resolution ◽  
Ethnic Diversity ◽  
Large Scale ◽  
Price Index ◽  
Consumer Price Index ◽  
Modern Society ◽  
Mobile Phone Data ◽  
Diversity Measures ◽  
Macroeconomic Indicators ◽  
The Relationship

AbstractDiversity has tremendous value in modern society. Economic theories suggest that cultural and ethnic diversity may contribute to economic development and prosperity. To date, however, the correspondence between diversity measures and the economic indicators, such as the Consumer Price Index, has not been quantified. This is primarily due to the difficulty in obtaining data on the micro behaviors and macroeconomic indicators. In this paper, we explore the relationship between diversity measures extracted from large-scale and high-resolution mobile phone data, and the CPIs in different sectors in a tourism country. Interestingly, we show that diversity measures associate strongly with the general and sectoral CPIs, using phone records in Andorra. Based on these strong predictive relationships, we construct daily, and spatial maps to monitor CPI measures at a high resolution to complement existing CPI measures from the statistical office. The case study on Andorra used in this study contributes to two growing literature: linking diversity with economic outcomes, and macro-economic monitoring with large-scale data. Future study is required to examine the relationship between the two measures in other countries.

scholarly journals Regional Branding: Customer’s Experience with the Certified Products

2018 ◽  
Vol 66 (6) ◽  
pp. 1549-1556 ◽  
Author(s):  
Klára Margarisová ◽  
Lucie Vokáčová ◽  
Kateřina Kuralová ◽  
Tomáš Hlavsa
Keyword(s):  
Czech Republic ◽  
Questionnaire Survey ◽  
The Czech Republic ◽  
Agricultural Produce ◽  
Regional Brand ◽  
The Given ◽  
The Relationship

This article focuses on the experience of Czech customers with the purchase of products labelled by the Association of Regional Brands and Bohemian Paradise Association. The aim of this paper is to evaluate selected indicators associated with purchasing certified regional products. The studied characteristics focus on the knowledge and perception of several chosen microregional brands and on the purchase of a certified product itself. The article presents the results of research conducted through a questionnaire survey, whose 1390 respondents are residents as well as visitors of eight different micro‑regions in the Czech Republic. Awareness of regional brands within the sample surveyed is around 46 %. The relationship between awareness of regional brand and respondents’ age, education and status towards the region has been identified. The perception of consumers considered, a brand is most often associated with tangible products, namely food and agricultural produce. Consumers view brands chiefly as a guarantee of production in the given region and a certain tradition. Most often, the respondents take notice of brands on the packaging of a particular certified product.

scholarly journals Controversial approach to wolf management in the Czech Republic

2021 ◽  
Vol 67 (No. 1) ◽  
pp. 1-10
Author(s):  
Jana Lososová ◽  
Jindřiška Kouřilová ◽  
Nikola Soukupová
Keyword(s):  
Czech Republic ◽  
Population Density ◽  
Preventive Measures ◽  
Management Programme ◽  
Wolf Population ◽  
Public Funds ◽  
The Czech Republic ◽  
Wolf Management ◽  
Key Issues ◽  
The Relationship

Expansion of the wolf in the Czech Republic results in an increasing conflict between nature conservationists and other landscape users. In March 2020, the Ministry of the Environment of the Czech Republic issued the "Wolf Management Programme". The document provoked negative reactions from organisations of farmers, breeders, and hunters. The article deals with the key issues triggered by the conflict and the attitudes of actors involved. We want to clarify to what extent the solutions designed by individual parties help to mitigate the conflict and how the financial demands related to this issue have been evolving. The problem may seem marginal in the Czech Republic, but the wolf population density in some regions may already be close to its bearable maximum. Key problems are the identification of specific target numbers of wolves, the absence of zoning as a future option, and clear rules for dealing with direct encounters of wolves with humans. The benefit of wolf management is primarily the sum of preventive measures it aims to address, but the relationship with other main actors and the area of education and promotion is debatable as it represents a further increase in the absorption of public funds without guarantees of effectiveness.

scholarly journals Szara strefa a redystrybucja PKB - implikacje, uwarunkowania

2016 ◽  
pp. 77-90
Author(s):  
Andrzej Buszko
Keyword(s):  
Czech Republic ◽  
Public Expenditure ◽  
Shadow Economy ◽  
Pearson Correlation ◽  
Small Samples ◽  
The Czech Republic ◽  
Macroeconomic Effects ◽  
The Relationship

The main objective of this paper is to establish the relationship between the size of the shadow economy and the level of redistribution of GDP. Pearson correlation coeffcient was used for small samples The hypothesis that the level of public expenditure is strongly stochastically positively correlated with the level of the shadow economy has been confidently verified. The study included Poland, Hungary, the Czech Republic, Slovakia and Bulgaria between 1995-20014. The article describes the categories of the shadow economy and the conditions of its creation in the context of the macroeconomic effects of redistribution of GDP.

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