Long-term memory processes have been extensively examined in recent literature as they provide simple way to test for predictabilty in the underlying process. However, most of the literature interprets the results of estimated Hurst exponent simply by its comparison to its asymptotic limit of...

The article summarizes the main points discussed at the seminar on The Nobel Prize Laureates, 2003, held by the Czech Economic Association in March 2004. The seminar featured two main speakers: Josef Arlt (University of Economics, Prague, and Charles University, Prague), who lectured on the work...

The paper provides an exploratory analysis of regional dynamics among 264 NUTS2 EU-27 regions over the period 1992-2006. Seven different regional indicators are analyzed including wages, household expenditures, retail sales, investments, productivity, GDP, and GDP adjusted for international...