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The relationship of budget deficit and current account balance - panel data analysis

Arlt, Josef; Arltová, Markéta - In: Politická ekonomie 2005 (2005) 6, pp. 747-764

Panel data are increasingly being used in both macro- and micro-level studies of economic problems. Macro-panel data (i denotes countries) are characteristic by sufficiently long time series to be able to analyze panel spurious regression and panel cointegration. According to the main stream of...

Persistent link: https://www.econbiz.de/10005036639

Off-Budgetary Reasons of the Growing Public Indebtedness

Dvořák, Pavel - In: Politická ekonomie 2010 (2010) 4, pp. 522-541

The interpretation of the relation between a budget deficit and a government debt in the standard economic theory is based on its unilateral causality, where the government debt comes into being due to the accumulation of budget deficits. The logic of the development of the government...

Persistent link: https://www.econbiz.de/10008564637

Public finance sustainability and dynamic efficiency

Izák, Vratislav - In: Politická ekonomie 2008 (2008) 2, pp. 162-181

In the last years there has been a growing discrepancy between gross domestic product and gross disposable income (more than a double of government budget deficit in 2006)in favour of non-residents. The difference between the real interest rate and the rate of growth of GDP has been negative in...

Persistent link: https://www.econbiz.de/10005036697

Social Security and the Tax System in the CR: Recent History and Outlook

Prùša, Ladislav - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 12, pp. 658-675

The article describes the system of state social support vis-?-vis personal income tax. The author shows that both systems have structural weaknesses that may be addressed by a better coordination of both systems' main principles.

Persistent link: https://www.econbiz.de/10008495616

Intertemporal approach to the balance of payments: relationship between savings and investments in the rich, poor and transition countries

Brada, Josef C.; Mandel, Martin; Tomšík, Vladimír - In: Politická ekonomie 2008 (2008) 2, pp. 147-161

The paper analyses the intertemporal approach to the balance of payments which is based on the intertemporal approach to the relation between domestic saving and investment. A key element of the presented analysis is whether world capital mobility is high enough to hold a condition that the...

Persistent link: https://www.econbiz.de/10005036654

Macroeconomic balance of the czech economy in the years 1995-2005

Spěváček, Vojtěch - In: Politická ekonomie 2006 (2006) 6, pp. 742-761

The study is focused on macroeconomic stability of the Czech economy. The first part (methodological) stems from the system of national accounting which offers two approaches: from the point of view of relationship between domestic supply and demand and between savings and investments....

Persistent link: https://www.econbiz.de/10005036641

European monetary union and risks for real convergence

Janáček, Kamil; Janáčková, Stanislava - In: Politická ekonomie 2004 (2004) 4, pp. 435-450

New members of the EU will not form an optimum currency area with the present eurozone member states. The article discusses some costs and benefits of an early EMU entry for the Czech Republic (and other Central-European economies). The authors concentrate on the consequences of loss of...

Persistent link: https://www.econbiz.de/10005036622

Czech Social Security and Tax System and Their Impact on the Income Distribution

Jelínek, Tomáš; Schneider, Ondøej - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 12, pp. 639-657

Paper analyzes the Czech social security and tax system as their redistribution aspects are concerned. On a basis of individual data, authors find that social security programs are usually properly targeted but that the tax breaks favor richer households. A microanalysis of tax expenditures is...

Persistent link: https://www.econbiz.de/10008549753

The Tax System in the Czech Republic

Bronchi, Chiara; Burns, Andrew - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 12, pp. 618-638

This paper discusses the tax system and its effect on individuals in the Czech Republic and offers some specific suggestions for reform. Viewed in an international context, the Czech system is broadly similar to those of other OECD countries. Like them, it exhibits a number of non-neutral...

Persistent link: https://www.econbiz.de/10008495669

Comparison of CO2 Taxation in European Union Member States

Zimmermannová, Jarmila; Korba, Karel - In: Acta Oeconomica Pragensia 2010 (2010) 3, pp. 30-48

for the taxation of energy products and electricity. The first proposals include a new energy taxation system, where the … theoretical concepts regarding environmental and CO2 taxation; then it concentrates on current national systems of CO2 taxation in … European Union Member States with a focus on the energy and transport sectors. After making an overview of CO2 taxation, the …

Persistent link: https://www.econbiz.de/10008500683