Template-Type: ReDIF-Article 1.0
Author-Name: Jakub Fischer
Author-Name: Jaroslav Sixta
Author-Name: Stanislava Hronová
Author-Name: Richard Hindls
Author-Name: Kristýna Vltavská
Title: Odhady zdrojů a užití hrubého domácího produktu ČR pro roky 1970-1989 v metodice ESA 1995
Title: The Estimates of the Czech Gross Domestic Product for the Years 1970-1989 Based on ESA 1995
Abstract: The estimates of economic development in the countries of the socialist block were carried out in the framework of the so-called Material Product System (MPS). At that time the product was perceived more narrowly than today´s gross domestic product (GDP). It included only the material goods and productive services (services that accompanying the circulation of goods). Non-productive services and services provided on non-market basis were not included in the estimates. The authors present their own methodology for data transformation based on MPS into (today´s) System of National Accounts (SNA), on the basis of carrying out the reconstruction of the historical time series of the gross domestic product of the Czech Republic in the period between the years 1970 and 1989 in the current methodology. The results of this work will enable other users to perform analysis on significantly longer time series of gross domestic product, including the structure of its uses and resources. The authors primarily base the transformation of the original data on global product and national income (in the MPS methodology) contained in the balance of national income and symmetric input-output tables. Historical time series of GDP for the period has not been estimated for the Czech Republic yet.
Keywords: gross domestic product, Material product system, System of national account, national income, global product
Classification-JEL: C02, E01, N01
Pages: 3-23
Volume: 2013
Issue: 1
Year: 2013
File-URL: http://www.vse.cz/polek/download.php?jnl=polek&pdf=881.pdf
File-URL: http://www.vse.cz/polek/881
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2013:y:2013:i:1:id:881:p:3-23

Template-Type: ReDIF-Article 1.0
Author-Name: Vojtěch Spěváček
Title: Růst a stabilita české ekonomiky v letech 2001-2011
Title: Growth and Stability of the Czech Economy in the Years 2001-2011
Abstract: Economic growth of the Czech Republic measured by GDP reached 3,4 % per annum in the decade 2001-2010 and was substantially faster than average annual growth of the European Union. Strong acceleration in the years 2005-2007 was followed by stagnation in the years 2008-2012 caused by strong decline of GDP in the year 2009 and milder recession in the year 2012. The modest recovery in the years 2010 and 2011 was pulled namely by foreign trade, while final consumption and gross fixed capital formation stagnated. Alternative indicator of national income was negatively influenced by growing outflow of primary incomes. Real gross domestic income indicates different results in comparison with gross domestic product because of changes in the terms of trade. Macroeconomic stability improved substantially in the  field of foreign trade while general government deficit contributed to its deterioration.
Keywords: economic growth, gross domestic product, current account balance, real gross domestic income, domestic demand, foreign trade and trade balance, national savings, gross capital formation, general government budget
Classification-JEL: E22, E24, J30, O11, P24
Pages: 24-45
Volume: 2013
Issue: 1
Year: 2013
File-URL: http://www.vse.cz/polek/download.php?jnl=polek&pdf=882.pdf
File-URL: http://www.vse.cz/polek/882
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2013:y:2013:i:1:id:882:p:24-45

Template-Type: ReDIF-Article 1.0
Author-Name: Jarmila Zimmermannová
Author-Name: Michal Menšík
Title: Ex post analýza zavedení zdanění pevných paliv, zemního plynu a elektřiny
Title: Ex-Post Analysis of Solid Fuels, Natural Gas and Electricity Taxation Introduction
Abstract: In January 2008 the Czech Republic introduced the environmental taxation based on the directive 2003/96/EC, restructuring the Community framework for the taxation of energy products and electricity. Environmental taxes are imposed on electricity, solid fuels and natural gas. This paper discusses impacts of environmental taxation in the Czech Republic in the period after its implementation, particularly impacts on price indexes of energy intensive sectors, structure of energy products consumption in the economy and production of CO2 emissions by sectors ranking among EU ETS. The paper is divided into six parts. The  first part is the introduction where both the main target of the paper and four hypotheses for testing are formulated. The theoretical problems which are connected with the impact of taxation and tax incidence are discussed in the second part. The third part describes the ideas and expectations of lawmakers regarding environmental taxation implementation, precisely European Commission, Ministry of Finance and Ministry of the Environment of the Czech Republic. In the fourth part authors describe the methodology and data, provide results of ex-post analysis based on both linear and non-linear correlation analyses. The next part deals with the discussion of the results and the hypotheses testing. The last part, conclusion, focuses on the main ex-post analysis findings and formulates the recommendations.
Keywords: Czech Republic, environmental taxation, energy consumption, Energy Intensive Sectors, ex-post analysis, CO2 emissions, price indexes
Classification-JEL: E62, H22, H23
Pages: 46-66
Volume: 2013
Issue: 1
Year: 2013
File-URL: http://www.vse.cz/polek/download.php?jnl=polek&pdf=883.pdf
File-URL: http://www.vse.cz/polek/883
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2013:y:2013:i:1:id:883:p:46-66

Template-Type: ReDIF-Article 1.0
Author-Name: Karel Brůna
Title: Koncept udržitelnosti negativní čisté investiční pozice a jeho aplikace na příkladu České republiky v letech 1999-2011
Title: A Concept of Sustainability of Negative Net International Investment Position and Its Application to the Case of the Czech Republic in 1999-2011
Abstract: The paper deals with a theoretical and empirical analysis of determinants of both net international investment position/GDP ratio and net costs of negative investment position using the case of the Czech Republic in 1999-2011. It defines country´s short-run and long-run sustainability conditions that are based on dynamics of both sources created by an economy through net export surplus and negative net yields paid from international investment position. The paper points out important differences between large advanced and small transitive economies in case of costs of net investment position. The factors like country´s position of FDI lender/debtor, world investment/ invoicing currency, exogeneity of foreign asset´s and liability´s interest yields, role of FX reserves accumulation by country´s central bank and position of foreign currency denominated loans on foreign liabilities are discussed. Empirical analysis confi rms the Czech economy is not able to satisfy long run sustainability condition due to high net costs of negative investments position. Estimation of parameters in econometric model shows that worsening net investment position to GDP is a result of high dividend and interest yields paid from foreign liabilities that is still above positive balance of net export.
Keywords: current account, sustainability, net investment position
Classification-JEL: E58, F21, F34
Pages: 67-90
Volume: 2013
Issue: 1
Year: 2013
File-URL: http://www.vse.cz/polek/download.php?jnl=polek&pdf=884.pdf
File-URL: http://www.vse.cz/polek/884
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2013:y:2013:i:1:id:884:p:67-90

Template-Type: ReDIF-Article 1.0
Author-Name: Eva Kindlová
Title: Stimulace hospodářství z pohledu rakouské školy
Title: Stimulation of Economy According to the Austrian School
Abstract: The aim of the article is to explore how the results of the U. S. subprime mortgage crisis influenced economic policy of governments in highly developed countries. It analyses consequences of a state intervention especially for government budgets and a rise of government debts. Then the article discusses the point of view of the Austrian school. Austrian economists argue a state is not an economic subject and its fiscal policy is very dangerous for effective allocation of the available resources of production´s factors. They advocate a society with a small government and liberal economic policy. The author believes that Austrian approach to economic problems is more realistic and more pertinent than the approach of those, who demand more government intervention.
Keywords: fiscal policy, Austrian school, business cycle, libertarianism, government debt, US subprime mortgage crisis, government policy, small government
Classification-JEL: B25, D41, D42, D73, D83, E30, E62, F02
Pages: 91-108
Volume: 2013
Issue: 1
Year: 2013
File-URL: http://www.vse.cz/polek/download.php?jnl=polek&pdf=885.pdf
File-URL: http://www.vse.cz/polek/885
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2013:y:2013:i:1:id:885:p:91-108

Template-Type: ReDIF-Article 1.0
Author-Name: Jitka Koderová
Title: Připomenutí významného jubilea
Title: Reminding an Important Anniversary
Pages: 128-130
Volume: 2013
Issue: 1
Year: 2013
File-URL: http://www.vse.cz/polek/download.php?jnl=polek&pdf=888.pdf
File-URL: http://www.vse.cz/polek/888
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2013:y:2013:i:1:id:888:p:128-130

Template-Type: ReDIF-Article 1.0
Author-Name: Milan Ščasný
Author-Name: Jan Melichar
Author-Name: Eliška Vejchodská
Title: EAERE-2012: Mezinárodní vědecký kongres environmentálních ekonomů v Praze
Title: EAERE-2012: International Scientific Conference of Environmental and Resource Economists in Prague
Abstract: The 19th Annual Conference of European Association of Environmental and Resource Economists, EAERE-2012, was held in Prague at the end of June 2012. Leading environmental economists discussed new research outcomes and economic theory extensions related to economics of climate change, efficient pollution reduction, optimal use of natural resources, nonmarket valuation and green economy.
Keywords: environmental economics, resource economics, conference
Classification-JEL: Q20, Q30, Q40, Q50
Pages: 131-133
Volume: 2013
Issue: 1
Year: 2013
File-URL: http://www.vse.cz/polek/download.php?jnl=polek&pdf=889.pdf
File-URL: http://www.vse.cz/polek/889
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2013:y:2013:i:1:id:889:p:131-133

Template-Type: ReDIF-Article 1.0
Author-Name: Pavel Sirůček
Title: Nositelé Nobelovy ceny za ekonomii pro rok 2012
Title: Nobel Prize in Economics 2012 Winners
Pages: 134-141
Volume: 2013
Issue: 1
Year: 2013
File-URL: http://www.vse.cz/polek/download.php?jnl=polek&pdf=890.pdf
File-URL: http://www.vse.cz/polek/890
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2013:y:2013:i:1:id:890:p:134-141

Template-Type: ReDIF-Article 1.0
Author-Name: Tomáš Pavelka
Author-Name: Milan Žák
Title: Osobnost, na kterou by se opravdu nemělo zapomenout
Title: A Personality Which Should Not Be Forgotten
Pages: 142-146
Volume: 2013
Issue: 1
Year: 2013
File-URL: http://www.vse.cz/polek/download.php?jnl=polek&pdf=891.pdf
File-URL: http://www.vse.cz/polek/891
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2013:y:2013:i:1:id:891:p:142-146

Template-Type: ReDIF-Article 1.0
Author-Name: Václav Průcha
Title: Zamyšlení nad několika otázkami naší novodobé hospodářské historiografie a poznámky ke dvěma podobným recenzím stejné publikace od A. Doležalové
Title: Consideration about Several Questions of Our Modern Economic Historiography and Notes to Two Similar Reviews of the Same Publication by A. Doležalová
Abstract: The article is the authors´ polemic against the review of their book Economic and Social History of Czechoslovakia, Volume II 1945-1992, which was published by Antonie Doležalová in Politická ekonomie No. 3/2012. In this context, the article also deals with general issues of economic historiography, particularly with the development and object of investigation of economic history, periodization of the economic development of Czechoslovakia after World War II, external and internal impacts on the economy, construction of statistical data and terminological problems.
Keywords: economic policy, economic history, social history, economic statistics
Classification-JEL: N01, N24
Pages: 109-120
Volume: 2013
Issue: 1
Year: 2013
File-URL: http://www.vse.cz/polek/download.php?jnl=polek&pdf=886.pdf
File-URL: http://www.vse.cz/polek/886
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2013:y:2013:i:1:id:886:p:109-120

Template-Type: ReDIF-Article 1.0
Author-Name: Lenka Slavíková
Title: Na institucích záleží! Ale proč?
Title: Institutions Matter! But Why?
Abstract: The commentary defends the central idea of current institutional social research - that institutions are significant variables influencing the human action regarding the resource allocation. This idea was strongly opposed by the scientific board of the Czech economic faculty (institutionally oriented economic research was labeled as needless). The goal is to open the debate about this issue and ask the opponents to formulate concrete objections. Theoretical arguments and empirical examples are raised in favor of the institutional economics.
Keywords: environmental economics, institutional economics, property regimes
Classification-JEL: B130, Q570, Q590
Pages: 121-127
Volume: 2013
Issue: 1
Year: 2013
File-URL: http://www.vse.cz/polek/download.php?jnl=polek&pdf=887.pdf
File-URL: http://www.vse.cz/polek/887
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2013:y:2013:i:1:id:887:p:121-127