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The values of comparative price levels vary greatly in individual EU countries and depend on many different economic factors. The EU countries were divided into two distinguishable groups. Both OLS and robust regressions were used to analyze the influence of the comparative price levels on...
Persistent link: https://www.econbiz.de/10008876464
Candidate countries for accession to the EU often view EU convergence criteria as difficult given that the period of … faster growth that real convergence necessitates is usually associated with higher inflation. This paper argues that it is … important to focus on the mechanism of real convergence in this regard. If economic growth is accelerated by virtue of the …
Persistent link: https://www.econbiz.de/10008484235
The Stability and Growth Pact has become a primary fiscal policy framework in all European countries since 1997. Together with Maastricht fiscal criteria it determines the fiscal discipline of integration process. The aim of this study is to evaluate ex-post effectiveness of the fiscal rules...
Persistent link: https://www.econbiz.de/10008509953
The paper focuses on selective investment incentives, which are aimed primarily to attract foreign direct investment, in the context of the new EU Member States, namely the Czech Republic, Hungary, Poland and Slovakia. We discuss the issue within three closely related dimensions. We point to a...
Persistent link: https://www.econbiz.de/10005036621
This paper studies whether the dynamic behavior of real GDP, unemployment and inflation is systematically affected by the timing of elections and by changes of governments in the Czech Republic. Two basic models of political cycles are tested – the political business cycle models and the...
Persistent link: https://www.econbiz.de/10005673607