Acta Oeconomica Pragensia, 2010 (vol. 18), issue 5
Impact of the Current Economic Crisis on the Institutional Layout of Global Economy
Martina Jiránková, Pavel Hnát
Acta Oeconomica Pragensia 2010, 18(5):3-19 | DOI: 10.18267/j.aop.314 
Even though the efforts to foster global economic governance have been a longstanding issue of global economic policies, their effectiveness has been questioned by the current crisis. The crisis has revealed many systemic issues that would require global solutions on the one hand, but on the other hand, these solutions are more difficult to achieve. Based on an analysis of basic systemic issues of global trade and finance, the aim of this paper is to explore whether the current crisis leads to fostering supranational features in global economic governance. The issue is first studied at the theoretical level the outcomes of which are subsequently applied...
Sustainable Development of Rural Areas of the Czech Republic in the Context of Instruments of the European Union
Milan Vošta
Acta Oeconomica Pragensia 2010, 18(5):20-34 | DOI: 10.18267/j.aop.315
In the area of agricultural policy and the balanced growth of the countryside, the European Union promotes technological development and creation of jobs in ways that fulfil the criteria of ecological sustainability. The latest reforms to the Common Agricultural Policy are focused on the development of the countryside, which should greatly contribute to the solution of economic, social and environmental problems. The rural development policy is a part of the second pillar of the Common Agricultural Policy of the EU. The main opportunity for the development of the Czech countryside, and agriculture, is aimed at ensuring constant, sustainable growth...
The Process of Expenditures' Certification of the Programme Solidarity and Management of Migration Flows
Vladislava Jedličková
Acta Oeconomica Pragensia 2010, 18(5):35-57 | DOI: 10.18267/j.aop.316
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 the implementation of the Financial Regulation. Community programs may be implemented by centralized management or shared management. In the centralized management of community programs are funded directly from the EU budget.The principle of shared management is the division of powers between the European Commission and EU Member States. One Community program,...
Analysis of Subsidies in the Private Sector on the Enterprise Basis
Jiří Pšenčík, Jindřiška Kouřilová, Jaroslav Sedláček
Acta Oeconomica Pragensia 2010, 18(5):58-71 | DOI: 10.18267/j.aop.317
The aim of the paper is to analyze the transfer of financial flows of subsidies and taxes between the state and the beneficiary. In this respect, the topic deals with the return cash flow from the recipient to the state budget, the impact of taxes and VAT rates. The result is a compilation of mathematic models that allow quantification of the positive cash flow from the point of view of the funded entities and reflection-induced flows resulting from tax collection back to the state budget. Specifically, financial flows between the state and a sample of business entities in agriculture, which is a sector with significant endowments, were calculated...
Combining VAR Forecast Densities Using Fast Fourier Transform
Jakub Ryšánek
Acta Oeconomica Pragensia 2010, 18(5):72-88 | DOI: 10.18267/j.aop.318
In this paper, I propose the use of fast Fourier transform (FFT) as a convenient tool for combining forecast densities of vector autoregressive models in a hybrid Bayesian manner. While a vast amount of papers comprises combinations based on normal approximations, Monte Carlo methods were fully utilized here, which made the analysis computationally demanding. For the sake of minimization of computational time, the FFT algorithm was used to combine the densities of poorly simulated partial models. As a result, a minor loss of quality in the final combined model was allowed, in contrast with the reduction in the necessary simulation time. However, it...