Politická ekonomie, 2003 (vol. 51), issue 4
Historie časopisu Politická ekonomie (část IV: 1967 - 1970)
History of the Politická ekonomie journal - period IV: 1967-1970
Jiří Řezník
Politická ekonomie 2003, 51(4):451-501 | DOI: 10.18267/j.polek.412 
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 4 is focused on the period 1967 - 1970.
Articles
České ekonomické myšlení v letech 1948 - 1969 (od stalinského teroru k Pražskému jaru)
Czech economic thought during 1948 - 1969 (from the Stalinist terror to the Prague spring)
Milan Sojka, Zdeněk Chytil
Politická ekonomie 2003, 51(4) | DOI: 10.18267/j.polek.417
Czech economic thought during the 1948 - 1969 was full of sudden turns. Its development was determined by political conditions and spiritual climate that were result of Stalinist soviet type socialism. During the first half of the 1950s the plurality of economic ideas was substituted by the Stalinist version of marxist-leninist political economy using violent methods. Low efficiency of the command system and emerging reform climate in the USSR under N. S. Khrushchev opened the door to the reform thinking of the second half of 1950s and the 1960s in Czechoslovakia. During the 1960s the development of the reform thinking together with renaissance of...
Převzetí eura: brzda nebo motor reálné konvergence?
Adoption of euro: obstacle or engine of real convergence?
Oldřich Dědek
Politická ekonomie 2003, 51(4):505-515 | DOI: 10.18267/j.polek.413
The article arrives to the following conclusions. First, the optimal currency area theory cannot deliver critical (objective) values of tests, whose passing would guarantee that costs of adoption of euro would be lower than the benefits. Second, several empirical observations strongly support the hypothesis that early adoption of euro by the Czech Republic would not incur any substantial losses. Third, several recent studies focused on testing the synchronisation of Czech business cycle vis-à-vis Eurozone do apply analytical techniques inappropriately, which implies biased results. Fourth, the Czech economy has enough experience with excessively...
Spotřební funkce a princip Ricardovské ekvivalence v malé otevřené ekonomice
The consumption function and Ricardian equivalence in a small open economy
Martin Mandel, Vladimír Tomšík
Politická ekonomie 2003, 51(4):517-532 | DOI: 10.18267/j.polek.414
The paper provides a comprehensive survey of the theories of consumption functions. The Keynesian consumption function is examined in more detail under a condition of a small open economy. The paper explains the variety of consumption expenditures in the Czech Republic between 1993 - 2001. In this paper an enlarged version of the Czech consumption function, also tests Ricardian equivalence. Empirical results imply that consumer behaviour reacts rationally to an external imbalance and the economy heads to equilibrium by itself. However, the consumption reaction seems to be irrational under an internal balance. Consumers do not voluntarily reduce their...
Analýza vlivu cenových relací na objem exportu v České republice
Price relations analysis of export in the Czech republic
Václava Pánková
Politická ekonomie 2003, 51(4):533-540 | DOI: 10.18267/j.polek.415
A common export equation is used to describe the Czech export of machinery, tradable goods, agricultural and food products, and income from the tourist industry. Four important export regions are distinguished: Slovakia, Poland, Germany and USA. The problem of small data sample, which is a characteristic one for most time series of the Czech economy, is solved here by using the seemingly unrelated regression. The results confirm the theoretical expectation of more efficient estimates in comparison with the OLS variant. The basic characteristics of export are given with regard to the commodities and to the regions in question.
Determinanty mezd zaměstnanců v podnicích v České republice a Slovenské republice
Determinants of individual wages in the Czech republic and Slovak republic firms
Jaromír Gottvald
Politická ekonomie 2003, 51(4):541-563 | DOI: 10.18267/j.polek.416
The paper investigates individual wage determinants in context of classic human capital methodology. Paper tries to confront economic assumptions with empirical findings for the Czech Republic and presents that in view of labour market during late-transition period. Czech labour force is relatively well educated and trained, price of labour is low to be competitive to developed economies. Education of employee plays very important role in wage determination and there are significant increase in returns to human capital during all transition process. But working in some occupation has major individual intensity of influence on wage level than level...