Acta Oeconomica Pragensia, 2016 (vol. 24), issue 3

Stakeholder-Based Evaluation of Tourism Policy Priorities: The Case of the South Bohemian Region

Martin Luštický, Martin Musil

Acta Oeconomica Pragensia 2016, 24(3):3-23 | DOI: 10.18267/j.aop.540  

This paper deals with a set of problems related to tourism policy implementation. It emphasises the importance of stakeholder involvement in implementation of tourism policy in tourism destinations. The research is focused on evaluation of tourism policy strategic priorities from the point of view of destination stakeholders in the South Bohemian Region of the Czech Republic. Its objective is to identify key regional stakeholders in the tourism sector and describe their attitudes to co-operation with the South Bohemian Tourism Authority (SBTA) on implementation of the priorities which are described in the tourism development plan. The research uses...

Rate of Failure of Czech Family Firms

Ondřej Machek, Tomáš Pokorný

Acta Oeconomica Pragensia 2016, 24(3):24-34 | DOI: 10.18267/j.aop.534  

Family business is becoming a promising area of research in post-socialist countries, including the Czech Republic. Stability belongs to frequently cited properties of family firms. The goal of this article is to test the hypothesis whether family firms tend to have a lower rate of failure than their non-family counterparts. Using a sample of 1148 family and 5972 non-family firms in the Czech Republic, we find that there is no significant relationship between family involvement and rate of failure. A possible greater stability of family businesses is not necessarily linked with a lower rate of bankruptcy. We also discuss possible reasons and policy...

Disproportion in Taxation of Tobacco Products in the Czech Republic and Selected Neighbouring Countries

Lenka Miltáková, Jana Stavjaňová

Acta Oeconomica Pragensia 2016, 24(3):35-52 | DOI: 10.18267/j.aop.535  

The goal of the paper is to asses differences between taxation of various tobacco products in the Czech Republic, Poland and Slovakia. When comparing the taxation of cigarette and fine cut tobacco, it is usually expected that one cigarette is equivalent to 1 gram of tobacco, while the European Commission uses a conversion rate of 0.75g. However, to accurately evaluate this disproportion, the real volume of tobacco contained in one cigarette was weighed using calibrated scales. Our experiment showed that the excise duties on tobacco are between 80-51% of the cigarette taxation in the Czech Republic; the range is between 78-47% in Slovakia and 67-37%...

Impact of Definition of Consumption Units on Equivalised Household Incomes in the Czech Republic

Ivana Malá

Acta Oeconomica Pragensia 2016, 24(3):53-67 | DOI: 10.18267/j.aop.536  

Equivalised incomes are frequently used in order to make adjustments to the actual incomes of households in a way that enables analysis of the relative wellbeing of households of different sizes and compositions (numbers of adults, numbers of children and their ages). In the paper, different methods of evaluation of equivalised units (equivalised numbers of members) are discussed and their impact on derived equivalised incomes is shown. Equivalised total annual net incomes of Czech households (in CZK) defined by four scales (numbers of members, OECD-modified scale, OECD scale, square root scale) are analysed for the time period 2007-2010 based on EU-SILC...

Economic Science Going Through a Painful Time Confronted with Societal Evolution

Jaroslav Daňhel, Eva Ducháčková, Jarmila Radová

Acta Oeconomica Pragensia 2016, 24(3):68-77 | DOI: 10.18267/j.aop.537  

In the globalised world of the past decade, the characteristic movement of the real economy in Europe has been in the lower amplitudes of the economic cycle and has been complicated by the low effectiveness of fiscal and monetary policy tools and instability on the financial markets, which, in relation to the real economy, display features of autonomy and virtuality. The exchange rates of the euro, rouble and Czech crown display exceptional volatility, while the yields from financial instruments are at a historic minimum. These phenomena are the result of the stagnation of the European economy, a high level of indebtedness and an inability to effectively...

Half-Forgotten Personalities of Economic Thought - J. A. Schumpeter

Pavel Sirůček

Acta Oeconomica Pragensia 2016, 24(3):78-86 | DOI: 10.18267/j.aop.538  

J. A. Schumpeter was an Austro-American economist, historian of economic science, political scientist, lawyer and politician, ranking among the most famous, outstanding and cited economists of the 20th century. He created a dynamic theory of development based on innovations, researched economic cycles, issues including long waves, innovations, entrepreneurship, and theory of evolution.