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The relationship of budget deficit and current account balance - panel data analysis

Arlt, Josef; Arltová, Markéta - In: Politická ekonomie 2005 (2005) 6, pp. 747-764

panel cointegration. According to the main stream of the economic theory the budget deficits leads to deterioration in the … Granger causality test the panel cointegration analysis is needed. The panel cointegration relationships were not found in any …

Persistent link: https://www.econbiz.de/10005036639

Credit and Household Consumption

Pašalièová, Renata; Stiller, Vladimír - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 11-12, pp. 520-540

consumption. Aggregate consumption plays an important role in macroeconomic fluctuations and in the transmission mechanism. Czech …/Permanent-Income Hypothesis, including a standard model of consumption and incorporating credit supply. We first concluded that credit conditions … have a significant impact on household consumption, and that consumption is acutely sensitive to disposable income. Our …

Persistent link: https://www.econbiz.de/10008549889

On Estimation of Volatility of Financial Time Series for Pricing Derivatives

Černý, Michal - In: Acta Oeconomica Pragensia 2008 (2008) 4, pp. 12-21

Estimation of volatility of financial time series plays a crucial role in pricing derivatives. Volatility is often estimated from historical data; however, it is well known that volatility varies in time. We propose a method to choose a suitable length of historical data to estimate contemporary...

Persistent link: https://www.econbiz.de/10005036300

Econometric Models with Panel Data

Pánková, Václava - In: Acta Oeconomica Pragensia 2007 (2007) 1, pp. 79-85

Panel data are a result of repeating observations of a group of units, e.g. households, firms, but also whole economies with some common characteristics as EU15, transition economies a . s. o. So, more details are available enabling to analyze a changing economic structure and its reasoning....

Persistent link: https://www.econbiz.de/10005036295

Econometric Analysis of Panel Data Applied to Household Characteristics

Fíglová, Zuzana - In: Acta Oeconomica Pragensia 2007 (2007) 1, pp. 13-19

Panel data are specific data where cases are observed at two or more time periods. This approach brings many advantages: larger dataset, decreasing collinearity between exogenous variables and using advanced econometric models. The panel data models were applied to data from the Household Budget...

Persistent link: https://www.econbiz.de/10005036358

A Simple Model of Interaction Between CPI and PPI: Application to Monthly Data of EU Countries

Kadeřábek, Petr - In: Politická ekonomie 2007 (2007) 2, pp. 226-244

We consider two markets in our model: wholesale, where producers' supply interacts with distributors' demand, and retail with distributors' supply and consumers' demand. The wholesale market determines the producer price index (PPI), production and indirectly also employment. In the retail...

Persistent link: https://www.econbiz.de/10005036648

Hypotéza permanentního dùchodu a kupónová privatizace v ÈR

Hanousek, Jan; Tùma, Zdenìk - In: Czech Journal of Economics and Finance (Finance a uver) 52 (2002) 7-8, pp. 408-427

increase in household consumption. …

Persistent link: https://www.econbiz.de/10008549927

Influence of farmers' household incomes on their consumption and purchase of meat and meat products

Syrovátka, Pavel - In: Zemědělská ekonomika : vědecký časopis 45 (1999) 9, pp. 427-431

Persistent link: https://www.econbiz.de/10001464979

Testing the weak form of efficient market hypothesis for the czech stock market

Quang, Tran Van - In: Politická ekonomie 2007 (2007) 6, pp. 751-772

Efficient Market Hypothesis has dominated the field of research on capital market theory. It postulates that asset prices are rationally connected to economic realities and always incorporate all the information available to the market. A huge quantity of theoretical works around the world have...

Persistent link: https://www.econbiz.de/10005036665

Voting power indicators in the European union

Loužek, Marek - In: Politická ekonomie 2004 (2004) 3, pp. 291-312

The article is concerned with voting indicators in the European Union. The first chapter constructs a model of voting power and defines four indicators: A. Simple relative power, B. Shapley-Shubik index, C. Banzhaf index, D. Coleman index. The second chapter defines data: the voting structure...

Persistent link: https://www.econbiz.de/10005036703