The interconnections within food, biofuel and fossil fuel markets are first described in the context of biofuels technologies and economic policy framework. Consequently, the econometric analysis consisting of Johansen cointegration, error correction model, vector autoregression and Granger...

Long-term memory processes have been extensively examined in recent literature as they provide simple way to test for predictabilty in the underlying process. However, most of the literature interprets the results of estimated Hurst exponent simply by its comparison to its asymptotic limit of...

In this paper, we introduce a new measure of capital market efficiency. For its construction, we use the approaches of fractal dimension, Hurst exponent and entropy. The method is applied on 41 stock indices from the beginning of 2000 till the end of August 2011 and interesting results are found...

This paper investigates the nature of the Czech intra-industry trade (IIT) and its labor market determinants. In the analysis of IIT its decomposition into vertical and horizontal components is used. The Czech Grubel-Lloyd Index of 75 % at the SITC 2 digit level is still somehow lower than the...

An information asymmetry in a credit market with a Bertrand competition among lenders leads to different inefficiencies depending on a type of the market. We analyse these inefficiencies in a stabilized market economy and in a transitive economy.

This article provides a brief but comprehensive overview of microfinance academic literature with emphasis on recent innovations, trends and efficiency. In particular, we focus on controversial issues of microfinance, such as commercialization, regulation, interest rate policy and the balance...

The article is focused on the total historical and future costs of supporting photovoltaic elektricity generation in the Czech Republic. The model estimation of these costs is accompanied by methodologically unified comparison with cost of the support of other renewable energy resources. We find...

The crucial factors in Czech agriculture financing are aims of grants from the Ministry of Agriculture and advantage credits from PGRFL. The text provides an econometric forecast of particular impact of social-economics and natural-technological on a credits volume provides by PGRFL. The...

The article deals with the export credit promotion in the Czech Republic. The econometric analysis of the gravity model of Czech trade shows that the credit support provided by specialized government agency, Czech Export Bank, has a positive but statistically weak influence on export. The other...

The objective of the paper is providing a deeper in-sight look into the socially and politically sensitive problems of agrarian foreign trade of Czech Republic especially regarding the demand for imported food from the developing and transitive countries. The starting points are assumptions that...