Acta Oeconomica Pragensia, 2012 (vol. 20), issue 4
Possible Impact of the 2008-2009 Economic Crisis on Czech Potential Output Through the Labour Market
Martin Janíčko, Marek Mičúch, Zdeněk Chytil
Acta Oeconomica Pragensia 2012, 20(4):3-25 | DOI: 10.18267/j.aop.372 
The paper deals with the possible impact of the 2008-2009 financial and economic crisis on the potential output in the Czech Republic. Given the general difficulty in sketching out all the consequences of the crisis itself, the article is primarily focused on the labour market, which is regarded as an important driving force in terms of potential output fall or its growth slowdown. First, principal reasons why the potential output could have been hit by the 2008-2009 crisis are discussed in detail. The paper then analyzes a number of transmission mechanisms through which potential output could be generally impacted by severe recessions. Further, the...
The Use of Finite Mixtures of Lognormal Distribution for the Modelling of Income Distributions
Ivana Malá
Acta Oeconomica Pragensia 2012, 20(4):26-39 | DOI: 10.18267/j.aop.373
In the text finite mixtures of lognormal distributions are used for the modelling of net annual per capita income of the Czech households in Czech crowns in 2004-2008. All the households are divided into subgroups with observed group membership according to the attained education of the head of a household (a factor with five levels: basic, secondary, complete secondary, bachelor, magister education), the existence of children in the household (a factor with two levels: children yes or no) and the number of children (a factor with five levels: 0-3, more than 3 children). Then, models with incomplete data (unobserved component membership) were used...
Executive Development Programmes - Requirements and Success Factors
Tobias Cramer
Acta Oeconomica Pragensia 2012, 20(4):40-61 | DOI: 10.18267/j.aop.374
The article deals with the requirements placed on Executive Development Programmes (EDPs) and their success factors. Executives belong to the top and upper management of companies who see the organization as a unit and not the individual function areas in the foreground. EDPs seek qualification that goes beyond the skills of their current activities, they offer practical state-of-the-art training to acquire new techniques, and they benefit from the experience of other participants. Further education institutions have to satisfy the demand for teaching technical, conceptual and social skills in compliance with the requirements of the learning process...
Construction of Symmetric Input-Output Tables Per Hour Worked: Methodological Issues and Approaches
Jaroslav Zbranek
Acta Oeconomica Pragensia 2012, 20(4):62-73 | DOI: 10.18267/j.aop.375
The article deals with compilation of symmetric input-output tables per hour worked. The purpose of the paper is to show the process of transformation of classic monetary based input-output tables into physical tables based on hours worked. The paper describes both the possibilities and difficulties of available data sources and used methods. The presented model is based on published product x product symmetric input-output tables and data on hours worked from national accounts. Beside symmetric input-output tables, supply and use tables are used for obtaining product x industry structures. The model is based on the combination of square matrices of...
Qualitative Criteria in Financing of Public Universities in the Czech Republic and Their Impact on the University of Economics, Prague
Josef Taušer, Pavel Žamberský
Acta Oeconomica Pragensia 2012, 20(4):74-88 | DOI: 10.18267/j.aop.376
Public universities in the Czech Republic are financed mainly from the state budget. The number of students is still the main criterion for receiving funds. However, in the last three years, there have been significant changes which refer to qualitative requirements in response to the demographic development in the Czech Republic. In 2012, 20% of the resources from the state budget to cover current expenditures of public universities are allocated according to a set of qualitative indicators; examples include the research outputs of the universities, the qualification profile of their academic staff, the employability of their graduates, and the international...