The paper analyzes an important part of the institutional quality - regulation and studies relation between the regulatory environment and the bureaucratic barriers. The analysis is based on theoretical models of the comparative institutional economics. In the paper, we discuss possibilities of...

The article is based on the thesis that institutional quality influences the economic performance. From this point of view under certain circumstance the government policy is able to increase efficiency and performance of economies through creation, maintenance and cultivation of appropriate...

We survey theories of impacts of budgetary rules in the budget process, review empirical evidence and on the basis of comparative studies attempt to design the optimal shape of the Czech budgetary rules. The theoretical part focuses on conventional and non-intuitive effects of spending caps and...

Mechanisms for implementing community programs resulting from general principles of Regulation (EC, Euratom) No 1605/2002 on the Financial Regulation applicable to the general budget of the European Communities and Commission Regulation (EC, Euratom) No 2342/2002 laying down detailed rules for...

This essay examines the influence of income differentiation on private consumption. The author illustrates how to derive the total demand on individual goods from curves describing the income differentiation within the population (e.g., Lorenz) and the Engel curve. This model is later used to...

Sociální pøíjmy a danì významnì pùsobí na rozdìlení pøíjmù ve spoleènosti. Zkoumání jejich redistribuèní funkce je proto tøeba vìnovat dostateènou pozornost. Porovnání rozdìlení hrubého a èistého pøíjmu ukazuje, zda je systém daní a sociálních dávek...

This paper uses a specific experiment — „voucher privatization“ in the former Czechoslovakia — to test the permanent income hypothesis of consumer behavior. Voucher privatization (the mass privatization of state-owned assets through publicly offered vouchers) led to an unexpected...