The fact that Europe is lagging behind in comparison with its main competitors in the research and innovation activities is generally known. In 2000 EU countries launching the Lisbon strategy linked with the opening of the European research area were expecting to do away with the remaining...

The paper considers company performance measures and the development of the Economic Value Added (EVA) indicator in volatile economies, particularly in the case of the Czech Republic. Methods used for pyramidal analysis, their assumptions, and their application possibilities are discussed. A...

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 expected outcome. In the second part unbundling costs are...

The coordination of the economic policies of the EU Member countries started in the early 90´ s has become a permanent feature of the European integration process. Gradually a rather complicated mechanism has evolved aiming to combine and complement policies pursued at EU level with policies...

The paper is the first part of a broader empirical study that considers the entry timing of accession economies into the eurozone and their exchange-rate regimes between the EU entry and prior to the eurozone entry. The presented empirical analysis is based on model simulations and on the...

The paper presents a shortened version of Finance Minister Jiri Rusnok’s addresses to the lower house of the Czech Parliament in which he sketched the main macroeconomic, political and financial assumptions of the government’s 2002 state budget proposal. As the government’s proposal was...

The paper presents a shortened version of Finance Minister Bohuslav Sobotka's addresses to the lower house of the Czech Parliament in which he sketched the main macroeconomic, political and financial assumptions of the government's 2003 state budget proposal.

Finance Minister Pavel Mertlík outlined the principles of 2001 state budget. First he analysed the macroeconomic conditions that influence the state budget ? expected inflation rate, GDP growth the rate of unemployment. Further affecting the state budget arithmetic are the exchange rate of the...

Starting from endogenous growth models we test the impacts of both taxes (distortionary and non-distortionary) and expenditures (taking into account economic and functional classification of general government expenditure) using the government constraint. We do not neglect the implicit financing...