Acta Oeconomica Pragensia, 2018 (vol. 26), issue 3

Economic Growth and Health Dynamics with Government Subsidies for Healthcare

Wei-Bin Zhang

Acta Oeconomica Pragensia 2018, 26(3):3-23 | DOI: 10.18267/j.aop.607  

The aim of this paper is to examine the dynamic interdependence between wealth accumulation and health change with government health policy. The paper focuses on how government health policy affects health change, economic growth and the dynamics of government debt within a dynamic general equilibrium framework proposed by Zhang. Economic growth, health change and government debt dynamics are interrelated with different preferences and government health policy. After building the general equilibrium model, it is demonstrated that the movement of the economic system is provided by three nonlinear differential equations. We simulate the differential...

HOW TOURISM DESTINATION COMPETITIVENESS CONTRIBUTES TO GDP GROWTH - THE CASE OF SELECTED EUROPEAN ECONOMIES

Lejla Terzić

Acta Oeconomica Pragensia 2018, 26(3):24-34 | DOI: 10.18267/j.aop.606  

This paper empirically investigates the contribution of tourism destination competitiveness to the growth in the gross domestic product (GDP) among selected European economies. This analysis used the Travel and Tourism Competitiveness Index (TTCI) to estimate the tourism contribution of European economies. More specifically, this paper examines the variables that encourage tourism performance as defined by the TTCI rankings and the contribution of tourism to GDP. Data presented in the Travel and Tourism Competitiveness Index report by the World Economic Forum, the World Bank country database, and the World Travel and Tourism Council were used to calculate...

Does an Attractive Pension Product Design Sell by Itself? The Experience of the Czech Republic.

Jiří Šindelář, Michal Erben

Acta Oeconomica Pragensia 2018, 26(3):35-46 | DOI: 10.18267/j.aop.604  

This paper deals with the experience of third pillar reform in the Czech Republic, executed in 2013. The core of our study is formed by a comparative analysis of newly introduced supplementary pension savings and its substitute products (investment funds, life insurance) from two main aspects: product features and distribution features. The outcomes are supported by empirical sales and population penetration of the surveyed products. The results indicate that even a pension product with a very attractive product design, such as supplementary pension savings, will be hampered by its substitutes as long as its distribution features are unattractive....

Strategic Philanthropy: Literature Review

Klára Kubíčková

Acta Oeconomica Pragensia 2018, 26(3):70-89 | DOI: 10.18267/j.aop.605  

This literature review article aims to facilitate a better understanding of the concept of strategic philanthropy as a controversial topic at the crossroads of business and society. The strategic role of corporate philanthropy has been emphasised by both academics and practitioners and is a topic of long-standing discussion as is the original concept of corporate philanthropy. This article summarises the different definitions, approaches and categorisations that have been adopted by management scholars working in the field of corporate philanthropy and published in the top academic journals. Four main lines of inquiry were distinguished within the...

Review

EUROPEAN INDUSTRIES CUSTOMER CENTRICITY ROADMAP STAGE - BUSINESS PROCESS MANAGEMENT ASPECT

Milomir Vojvodic, Christian Hitz

Acta Oeconomica Pragensia 2018, 26(3):47-69 | DOI: 10.18267/j.aop.603  

This research compares customer-centric strategies against product-centric strategies as different dimensions of competition, from a need for a more purposeful and clear concept of customer centricity (CC). It aims to contribute to a general roadmap for CC, as one strategic management direction and to prevail over the key managerial challenges to achieve it. The goal of the paper is to examine current maturity in adopting CC to scrutinise business process management (BPM) - a key dimension of transformation in the CC roadmap. This paper uses deductive analysis to constitute an analytic theory and structure for evaluation then uses 18 case studies as...