Template-Type: ReDIF-Article 1.0
Author-Name: Markéta Novotná
Title: Schengen  - Fortness Europe?
Abstract: The aim of this study is to present the contemporary research of the Schengen area and to prove theoretically as well as empirically that the notion of Fortress Europe is only a misleading conception that the media may fi nd attractive, but which does not depict the reality fully. The reason is, that he concept of a fortress evokes a contrast between the inside and the outside. Nevertheless, the empirical data show that the binary oppositions like ´inside - outside´, ´security - free movement´ or ´EU citizens - third country citizens´ are simplifi ed. Firstly, the paper focuses on the Schengen area itself. Secondly, the contemporary research in the fi eld of the Schengen co-operation is presented. Thirdly, the study aims at the analysis of the current situation and links it to the context of the contemporary research. It presents quantitative as well as qualitative data. This is the main contribution of the paper since the current development is not very well explored.
Keywords: Schengen area, free movement of persons, fortress Europe, third country, Arab Spring, re-imposing of border controls
Classification-JEL: F22,, F5, F60, J15, J61
Pages: 29-44
Volume: 2014
Issue: 3
Year: 2014
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=435.pdf
File-URL: http://www.vse.cz/aop/435
File-Format: text/html
Handle: RePEc:prg:jnlaop:v:2014:y:2014:i:3:id:435:p:29-44

Template-Type: ReDIF-Article 1.0
Author-Name: Andrea Tkáčová
Title: Composite Coincident Indicator of Czech Business Cycle
Abstract: This article’s objective is to create the Composite Coincident Indicator - CCI for the Czech economy, which is useful for monitoring of the Czech business cycle and its comparison with the GDP and the Index of Industrial Production. In the theoretical part of this article, we describe three indexes which currently represent options for monitoring of business cycles. The most useful indexes are the GDP, the Index of Industrial Production and the CCI. We also compare advantages and disadvantages of these indexes for the Czech business cycle. In the empirical part of the article, we analyse 127 indicators from different parts of economics and select coincident cyclic indicators that are the most appropriate for the creation of the CCI. The most useful methods in our analysis are Hodrick- Prescott fi lter and cross-correlations. Besides the creation of our own CCI, we compare this composite indicator with the GDP and the Index of Industrial Production. Then we analyse prediction abilities of Composite Leading Indicators (CLI) in a relationship with the CCI, GDP and Index of Industrial Production for the Czech economy.
Keywords: GDP, business cycle, composite coincident indicator, index of industrial
Classification-JEL: E3, E32
Pages: 45-60
Volume: 2014
Issue: 3
Year: 2014
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=436.pdf
File-URL: http://www.vse.cz/aop/436
File-Format: text/html
Handle: RePEc:prg:jnlaop:v:2014:y:2014:i:3:id:436:p:45-60

Template-Type: ReDIF-Article 1.0
Author-Name: Zuzana Špinerová
Title: Public Procurement and its Impact on Financial Indicators of Companies in the Construction Sector in Slovakia
Abstract: The aim of this article is to examine whether there exists a relation between the participation in execution of public contracts and fi nancial indicators of companies. The issue is analysed using data on companies involved in the construction sector of the Slovak Republic. Hypotheses that the participation of companies in public contracts positively affects their fi nancial indicators are tested using a quantitative approach. The results of the regression analysis indicate that companies which contribute to realisation of public contracts achieve more favourable values of profi tability ratios compared to companies without public contracts. Nevertheless, the higher profi tability may stem from higher effi ciency of those companies or from the presence of ineffi ciency in the procurement process. With respect to the main objective and the extent of the presented analysis, it is not possible to assess which option is more plausible.
Keywords: Public procurement;, Profitability, Construction sector, Slovak Republic
Classification-JEL: H40, H57, M21
Pages: 61-76
Volume: 2014
Issue: 3
Year: 2014
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=437.pdf
File-URL: http://www.vse.cz/aop/437
File-Format: text/html
Handle: RePEc:prg:jnlaop:v:2014:y:2014:i:3:id:437:p:61-76

Template-Type: ReDIF-Article 1.0
Author-Name: Věra Höppnerová
Title: The Use of the Passive Voice Constructions in Business German in Contrast to Business Czech
Abstract: Passive constructions are a typical morphological feature of business German. At the same time, this phenomenon is signifi cantly affected by interlingual interference. Its occurrence is frequent even in the Czech language of economics but in fact also other, corresponding means of expression may be used in Czech: active constructions, refl exive passive voice, or modal expressions. This paper looks into the occurrence of different tenses in the passive voice; examines using agents in both the languages; shows the reasons for preferring passive constructions in German and for using various equivalents of these in Czech. Finally, attention is paid to continuous and state passive verb forms in German and to diffi culties in choosing correct Czech equivalents.
Keywords: interlingual interference, Czech equivalents, Business German, passive constructions
Classification-JEL: Z19
Pages: 77-93
Volume: 2014
Issue: 3
Year: 2014
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=438.pdf
File-URL: http://www.vse.cz/aop/438
File-Format: text/html
Handle: RePEc:prg:jnlaop:v:2014:y:2014:i:3:id:438:p:77-93

Template-Type: ReDIF-Article 1.0
Author-Name: Pavel Sirůček
Title: Other Prominent Female Economists
Abstract: The concluding episode briefl y introduces a few more important female celebrities in economics, who have not been described in the previous sections. There are many heterogeneous women authors worth bringing to mind. Their references and writings improve the economic science level similarly to many men colleagues awarded with most important economic prizes.
Keywords: feminist economics, women in economics, economics awards
Classification-JEL: A10, B20, B54, N01
Pages: 94-100
Volume: 2014
Issue: 3
Year: 2014
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=439.pdf
File-URL: http://www.vse.cz/aop/439
File-Format: text/html
Handle: RePEc:prg:jnlaop:v:2014:y:2014:i:3:id:439:p:94-100

Template-Type: ReDIF-Article 1.0
Author-Name: Martina Jiránková
Title: Is the Chinese Currency on the Way to the World Currency Status?
Abstract: The article deals with the aspiration of the Chinese currency to become the world currency status. The world currency must perform as a store of value, means of exchange, and an accounting unit internationally for governments as well as the private sector. The important conditions of this position are an important share in the world’s GDP and the global trade, stability of the domestic economy, and fi nancial markets of high quality and depth. The last one is the most problematic of the given assumptions. Because of it, China has started a reform of its fi nancial sector, and this reform has been accelerated since 2012. The convertibility of the Chinese currency is planned in several stages: gradually from its use in international trade, to international investments, and fi nally in international reserves. So far, payments for trade transactions have been fully liberalised. As for fi nancial transactions, obstacles are gradually reduced. The internationalisation of the Chinese currency is taking place in the wider context of the world economy, which the text also discusses.
Keywords: Renminbi internationalisation, world currency, Mundell-Fleming trilemma, capital movement liberalisation, Triffin’s dilemma
Classification-JEL: F20, F31
Pages: 3-16
Volume: 2014
Issue: 3
Year: 2014
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=440.pdf
File-URL: http://www.vse.cz/aop/440
File-Format: text/html
Handle: RePEc:prg:jnlaop:v:2014:y:2014:i:3:id:440:p:3-16

Template-Type: ReDIF-Article 1.0
Author-Name: Pavel Zdražil
Title: The Importance of the OECS Subintegration Cluster in the Context of Development of Its Members’ GDP
Abstract: The regional integration process allows worldwide formation of many regional clusters with an economic focus at most. Some partnerships of such units can create clubs of regions with a higher degree of integration process, compared to the rest, so their extent of regional integration is very high-powered. The present analysis shows that since the formation of such a unit - OECS subintegration cluster, the GDP of the involved countries has defi nitely developed better than that of the higher integration unit - the CARICOM integration cluster, and the rest of the area as well. Beyond, some higher intensity of recognised effect in the long-term period has been found. Accordingly to the discovered fi ndings, we can suggest that the emergence of similar phenomena of “integration within integration” brings clear evidence of positive development to its participants in terms of economic performance. Similar initiatives of the European Union’s Cohesion Policy - grouping of territorial cooperation support - appear to be partially correct in this view. However, the main policy’s objectives require other approaches.
Keywords: convergence, subintegration cluster, CARICOM, OECS, GDP growth
Classification-JEL: F15, O54, R11
Pages: 17-28
Volume: 2014
Issue: 3
Year: 2014
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=441.pdf
File-URL: http://www.vse.cz/aop/441
File-Format: text/html
Handle: RePEc:prg:jnlaop:v:2014:y:2014:i:3:id:441:p:17-28