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While the significance of tourism for the Czech Republic's economy is relatively high, it is far from being the dominant industry. Despite the recent substantial investments in this particular field of economic activity, the share of tourism in the gross value added has been steadily declining,...
Persistent link: https://www.econbiz.de/10009371710
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
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...
Persistent link: https://www.econbiz.de/10008545884
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
As regards the frequently mentioned risks connected with the EU entry, we feel that the analyzed macroeconomic data do not confi rm that these risks have materialized. The example of the Czech Republic, which joined the EU in 2004, conversely points to an improvement of most macroeconomic...
Persistent link: https://www.econbiz.de/10005036391
expenditures from the first expectations to final data. It concludes that the first estimate of GDP is under-estimated. This … underestimation is caused by underestimation of the final households consumption expenditures and of the gross fixed capital formation …. At the balancing process, when the above-mentioned items of expenditures are under-estimated, the surplus of resources …
Persistent link: https://www.econbiz.de/10005036589
negative balance of incomes expressing bigger outflow of primary incomes in relation to their inflow. Public finances can be …
Persistent link: https://www.econbiz.de/10005036641