Total factor productivity is defined as a relation of product to total factor inputs. Its growth is result of qualitative changes, i.e. intensive factors of growth. For measurement of total factor inputs is used production function with two factors, labor and capital (extensive factors). The...

The paper is focused on the disputation with Mojmir Hajek on the field of the measurement of the total factor productivity index. We point out the interpretation obstacles connected to this measurement and its results at a level of the whole economy as well as of its industries. We also refer to...

The study examines the resources of economic growth in the Czech Republic in the course of years from 1992 until 2004. Using the growth accounting method, it analyses the contribution of individual factors to economic growth. Special attention is given to total factor productivity, which, apart...

The core aim of this paper is to suggest comprehensive definition of the information economy and delineate the range of economic problems it deals with, paying particular attention to its connections to the economics of information. The text, in the extent provided, can not investigate...

The paper examines the sources of economic growth in the ten new member states of the European Union (EU-10) and in previous member states (EU-15) as a whole. Special attention is devoted to the Czech republic, both from macroeconomic point of view and from the view of nine industries. For the...

This article summarizes the main points discussed at the seminar on The Exhaustion of Resources: 150 years of One Economics Discussion?, presented by the Czech Economic Association (CEA) in January 2003. There were two main speakers at the seminar: the first was Mojmír Hampl (Èeská...

The first part of the paper formulates the definition of the knowledge and the new economies and two systems of quantitative characteristics for the new economy - the American and the European ones. The knowledge economy can be regarded as a general characteristic of the current and important...

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...

New approaches are being searched for to assess regional policy in connection with the specification of a new paradigm of regional development. The article pays attention to the assurance of a sustainable growth rate of economies in Czech regions. The methodological base of the solution is a...

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....