Template-Type: ReDIF-Article 1.0 Author-Name: - Title: Padesát let politické ekonomie Title: Fifty years of politická ekonomie Abstract: Executive Board intends to commemorate the fiftieth anniversary of the foundation of a Czech professional economic journal by publishing in Volume 2003 articles that will deal with the history, development, peripeteias, twists and turns of Politická ekonomie. Issue No. 1 will be focused on the period 1953 - 1957. An article describing the history of Czechoslovak Academy of Sciences Economics Institute, which was inseparably tied up with the journal and vice versa, will appear thereafter. On the occasion of the anniversary Executive Board addressed many eyewitnesses, renowned contributors and prominent economists inviting them to write a short text Me and Politická ekonomie journal. It is a remarkable list of persons shaping the journal's face and imparting their knowledge to its character. Without them the Politická ekonomie could never be such purely professional journal destined for the economic community including University students of economic faculties. Keywords: history of journal Classification-JEL: A11 Volume: 2003 Issue: 1 Year: 2003 File-URL: http://www.vse.cz/polek/392 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2003:y:2003:i:1:id:392 Template-Type: ReDIF-Article 1.0 Author-Name: Vojtěch Spěváček Title: Parita kupní síly - nástroj mezinárodních srovnání Title: Purchasing power parities - a tool of international comparisons Abstract: International comparison of gross domestic product and its component expenditures is based on the utilization of purchasing power parities which are conversion rates (both currency converters and price deflators). When GDPs of countries are converted to a common currency using PPPs, they are also revalued at common set of prices. The paper presents the concept of purchasing power parity and international comparison programmes of real expenditure on GDP. Particular attention is devoted to the last programme for 1999. The article explains both the methodology and the benchmark results of the 1999 round of Eurostat-OECD Purchasing Parity Programme. Keywords: gross domestic product, national accounts, purchasing power parities, comparative price levels Classification-JEL: E10, E31 Volume: 2003 Issue: 1 Year: 2003 File-URL: http://www.vse.cz/polek/393 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2003:y:2003:i:1:id:393 Template-Type: ReDIF-Article 1.0 Author-Name: Růžena Vintrová Title: Reálná konvergence - předpoklad plynulé integrace do Evropské unie Title: Real convergence - a presumption for a fluent integration into the European union Abstract: The economies of Central and Eastern Europe are acceding to the EU with economic levels well behind those of current Member States. Combining countries with different economic standards does give rise to certain risks. Where the convergence of the price level is too fast and is not underpinned by labour productivity growth above the level of growth in EU and by the related balancing of wage income, it could pose a threat to the standard of living due to the decline in real wages. If wage pressures are too strong, and force a rise in wages that is incommensurate to labour productivity, the competitiveness of the business sphere would decline, economic growth would slow down, and unemployment would ultimately rise. A key requirement for the smooth progression of integration is a robust economic growth on the basis of labour productivity and its harmonization with wage level and price level developments. Keywords: real convergence, EU enlargement, economic level of candidate countries, catching-up effect, unit labour costs Classification-JEL: E24, F02, J30, P24 Volume: 2003 Issue: 1 Year: 2003 File-URL: http://www.vse.cz/polek/394 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2003:y:2003:i:1:id:394 Template-Type: ReDIF-Article 1.0 Author-Name: Otakar Hevler Title: Mají ceny ropy vliv na hospodářský růst? Title: Do changes in oil price have an influence on GDP growth? Abstract: The paper focuses on the oil price-macroeconomy relationship by means of analyzing the impact of oil price changes on economic growth in the United States of America from 1947: Q1 to 2001: Q4. First, we present the most important oil shocks that occurred in the second half of the last century. Then we describe three different proxies of oil price changes. Second, we provide large analyze of the impact of oil price increases and decreases on the GDP using the different types of measurements of oil shock. The results suggest that an oil price increase, which overcomes it's own maximum values from three previous years, has greater negative effect on production growth than if it simply corrects the previous decreases or exceeds a one year maximum only. The paper also presents a hypothesis that oil price decreases do not contribute to economic growth. All these results allow us to maintain the nonlinear interpretation of the analyzed relationship suggested by Hamilton. Keywords: economic growth, gross domestic product, oil shock, nonlinear Classification-JEL: C32, E32, Q43 Volume: 2003 Issue: 1 Year: 2003 File-URL: http://www.vse.cz/polek/396 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2003:y:2003:i:1:id:396 Template-Type: ReDIF-Article 1.0 Author-Name: Marek Loužek Title: Ekonomická teorie a metodologie Gustava Schmollera Title: The economic theory and methodology of Gustav Schmoller Abstract: The article is concerned with the economic theory and methodology of the most important representative of the younger German Historical School, Gustav Schmoller. His main economic work Grundriß der allgemeinen Volkswirtschaftslehre and his methodological ideas are discussed. Institutionalists welcome Schmoller's evolutionism, historism, empirism and interdisciplinary approach. His methodology provoked some interesting interpretations in philosophy, which most often give notice heritage of neo-Kantianism. Schmoller is significant especially for us - Czech economists - because he influenced not only the German economics but also the Czech economic tradition. Keywords: institutionalism, German Historical School, methodology, evolutionism, empirism, historism, interdisciplinary approach, philosophical interpretations Classification-JEL: A10, B10 Volume: 2003 Issue: 1 Year: 2003 File-URL: http://www.vse.cz/polek/395 File-Format: text/html Handle: RePEc:prg:jnlpol:v:2003:y:2003:i:1:id:395