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, because they can deepen or moderate volatility of the economic cycle. The article aims at mapping the rate of unemployment in … comparison of the actual rate of unemployment with the average value NAIRU was used for the specification of the economic cycle …. We compare the rate of unemployment, NAIRU and unemployment gaps in sectors with the average value on the national level …
Persistent link: https://www.econbiz.de/10009293717
Economic growth of the Czech Republic strongly accelerated in the years 2005-2007. Substantial decline of economic activity took place at the end of 2008 and in the year 2009. On the supply side the main contributing factors were labour and total factor productivity. On the demand side the...
Persistent link: https://www.econbiz.de/10008509955
Economic growth of the Czech Republic differed strongly in two periods: 1996-1999 and 2000-2004. While in the first period the economy was hit by the recession and the average annual rate of growth of GDP reached only 0,9 %, in the second period the growth accelerated to 3,2 %. The economic...
Persistent link: https://www.econbiz.de/10005036696
Economic growth of the Czech Republic differed strongly in two periods: 2001-2003 and 2004-2006. While in the first period the average annual rate of growth of GDP reached only 2,7 %, in the second period the growth accelerated to 5,7 %. The economic growth measured by the indicators of real...
Persistent link: https://www.econbiz.de/10008754966
creation, maintenance and cultivation of appropriate political and economic institutions ("political and economic design … influence of informal institutions, which undoubtedly create "the spawn, out of all grown up". If the state were to be … understood in its minimal role, i. e. as the guarantee and co-creator of basic "well-established" rules and/or institutions, the …
Persistent link: https://www.econbiz.de/10005036666
involuntary unemployment on the labour market persisting in the long-run. …
Persistent link: https://www.econbiz.de/10005036625
Gradual narrowing of the gap between consumer and investment demand was one of major achievements of 2003, supporting the long-term sustainability of Czech economic growth. In the first half of 2004, industry and construction witnessed strong growth, retail trade showing a considerable slowdown....
Persistent link: https://www.econbiz.de/10005036663