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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...
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The paper describes process of electricity market liberalization, and concentrates on one phase - unbundling. First … part sums up findings on electricity market liberalization, and explains unbundling principles, initial situation and … contributed to decrease electricity end-price for households in the 2005 - 2008 period, despite substantial unbundling costs …
Persistent link: https://www.econbiz.de/10009398896
The power-generation industry offers numerous opportunities to apply real options. This paper uses current empirical market data to estimate the value of flexibility in the Czech energy sector, which can serve to compare available technologies, and support various investment decisions. The model...
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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
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...
Persistent link: https://www.econbiz.de/10008545879