Politická ekonomie, 2000 (vol. 48), issue 3

Articles

Česká ekonomika v roce 2000: obrat v tempu růstu

Czech economy in 2000: a turn toward growth

Kamil Janáček, Martin Čihák, Marie Frýdmanová, Tomáš Holub, Eva Zamrazilová

Politická ekonomie 2000, 48(3) | DOI: 10.18267/j.polek.141

The authors present an analysis of the most recent trends in the Czech economy. They claim that the economy is going through a turning point in its development: after two years of a decline, the economy is likely to grow again in 2000. The growth will be driven mainly by exports, followed by private household consumption. The authors expect that Czech exports will be positively influenced by an accelerating growth in the EU, but not to such an extent to compensate fully for the increase of Czech domestic demand. The imbalance of the current account will be covered with the record inflow of foreign direct investment in 2000. The authors also analyse...

Prognóza vývoje české ekonomiky v letech 2000 a 2001

Prediction of development of the czech economy in 2000 and 2001

Jiří Křovák, Jan Filáček

Politická ekonomie 2000, 48(3) | DOI: 10.18267/j.polek.142

We predict that GDP will grow 1.5 % in 2000 after falling 0.2 % in 1999. Sluggish growth in 2000 will be driven by domestic demand, namely fixed investment. Interest rates set by the CNB are now in a "parking zone". Two-week repo rate remains at 5.25 %. We do not expect any significant (upward) changes during the course of this year. We expected average annual inflation (CPI) to increase to 3.8 % in 2000. Unemployment will rise to 10.8 % (at yearend) and employment will decline by 2 %. Real wages will grow by modest 1.6 %. We predict that the trade gap will widen to CZK 85 bil. and the current account deficit will comprise some 2.4 % of GDP in 2000....

Centrální banka jako věřitel poslední instance ve světle problémů české ekonomiky

Central bank as lender of last resort in the light of the problems of the czech economy

Zbyněk Revenda

Politická ekonomie 2000, 48(3) | DOI: 10.18267/j.polek.143

One of the main goals of the banking regulation and supervision is the promotion of the integrity, stability and health of the banking system as a whole. This also requires the mechanism, which would help some problem banks to gain lacking funds to meet the liquidity needs. Lender of last resort represents this mechanism. Although the aid may come from the special government institution or directly from the state budget, the role of lender of last resort is usually adopted by the central bank because of conviction that the failure of bank might have the "contagion effect" on the other banks. The emergency credits could be granted only to illiquid but...

Keynesovský a monetarní přístup k platební bilanci (aplikace na Českou republiku v letech 1993 - 1999)

The keynesian and monetary approaches to the balance of payments (case study on the Czech Republic in 1993 - 1999)

Vladimír Tomšík

Politická ekonomie 2000, 48(3) | DOI: 10.18267/j.polek.144

In the first part of this article is discussed a theoretic comparison of a standard Keynesian (income) approach and a monetary approach to the balance of payments. The monetary adjustment process is based on the monetarist assumption that money market imbalances affect the real economy and the Keynesian approach is based on a relationship between income and foreign trade. In the second part author describes a theoretic Keynesian-Monetary (K-M) model which is able to illustrate the impacts of the changes of various economic exogenous variables to a development of income and the balance of payments. The main contribution of this paper can be considered...

Řízení a správa společností a zbytkové státní vlastnictví (dva kvalitativní nedostatky privatizace v tranzitivních zemích)

Corporate governance and residual state property (two qualitative shortcomings of privatization in transition countries)

Wladimir Andreff

Politická ekonomie 2000, 48(3) | DOI: 10.18267/j.polek.145

The privatization in transition countries generated distorsions. Among the most dangerous distorsions are those introduced by a non legal or criminal privatization of management with the help of former or new informal networks connecting managers to the irregular economy and to some extent to the mafia. State regulation is required to control again monopoly power in privatized utilities and sectors where private stakes have won privileged position. It should be better to recognize the unavoidable role of the state in economic restructuring and use its intervention as a complementary - rather than an antagonistic - tool of the economic transition.

Zbytkový státní majetek a vlastnická práva

Residual state property and ownership rights

Evžen Kočenda

Politická ekonomie 2000, 48(3) | DOI: 10.18267/j.polek.146

Despite the massive scale of the voucher privatization, there still remains a substantial number of companies where the state has been involved. The residual state property is quantified from the point of ownership and ownership rights that enable control over the assets of privatized companies. By the beginning of 1999, the state was able to control 76 % of assets of the companies in the portfolio of the National Property Fund. This means that the state has been able to control quite a significant part of the Czech economy and interfere with the concept of property rights. The results thus question achievement of the voucher privatization. There exists...

Švédský kapitalismus s lidskou tváří

Sweden capitalism with an human face

Pavel Kőrner

Politická ekonomie 2000, 48(3) | DOI: 10.18267/j.polek.147

This article is focused on the composition and development of the so called Scandinavian approach of economic policy. The first part describes it's three main posts, this is labour market, public sector and social equality. Two main streams of the Sveeden labour market policy are centralised wage bargaining managed by Rehn-Meidner model under motto "equal wage for equal work" which was after years transformed into "equal wage" and the so called active labour market policy. The second part deals with macroeconomics policy and not much known progressive market regulation and competition obstacles and the third part introduces the Sweden tax system with...

From scientific life

Nový standard národního účetnictví ve světle světové konference statistiků

New standard of national accounting system in the light of the world conference of statisticians

Stanislava Hronová, Richard Hindls

Politická ekonomie 2000, 48(3) | DOI: 10.18267/j.polek.148

Česká společnost ekonomická: Ekonomie jako imperiální věda (informace z 15. semináře). Praha, listopad 1999.

Czech economic association: Economics as the imperial science

Martin Čihák

Politická ekonomie 2000, 48(3) | DOI: 10.18267/j.polek.149

From economic literature

Nová učebnice hospodářské politiky

New textbook of economic policy

Petr Soukup

Politická ekonomie 2000, 48(3) | DOI: 10.18267/j.polek.150

Další zdařilá publikace na našem trhu

Another successful publication on our market

Jitka Koderová

Politická ekonomie 2000, 48(3) | DOI: 10.18267/j.polek.151

úspěšně řídit a rozhodovat bez statistické analýzy je již nemožné

Successful management and decision-making is not possible without the statistical analysis

František Fabian

Politická ekonomie 2000, 48(3) | DOI: 10.18267/j.polek.152

Nestandardní pohled na trh

Nonstandard view of the market

Jiří Řezník

Politická ekonomie 2000, 48(3) | DOI: 10.18267/j.polek.153

Systémové pojetí trhu práce

Systém conception of the labour market

Jiří Jelínek

Politická ekonomie 2000, 48(3) | DOI: 10.18267/j.polek.154

Nové směry řízení a organizování českých firem

New trends in czech companies management and organization

Mikuláš Pichanič

Politická ekonomie 2000, 48(3) | DOI: 10.18267/j.polek.155