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New members of the EU will not form an optimum currency area with the present eurozone member states. The article discusses some costs and benefits of an early EMU entry for the Czech Republic (and other Central-European economies). The authors concentrate on the consequences of loss of...
Persistent link: https://www.econbiz.de/10005036622
This article explores development of the industrial structure of the Czech economy in the last ten years from the point of view of the gross value added and employment. It goes from the macroeconomic view at the level of the basic sectors to more detailed view focused on the individual branches....
Persistent link: https://www.econbiz.de/10005036699
This paper deals with the recent empirical phenomenon of intraindustry trade, i.e. trade in similar goods between similar countries. It treats this phenomenon from the point of view of the theory of structure of production, highlighting the importance of sequential nature of production and...
Persistent link: https://www.econbiz.de/10005036701
Paper inquires into historical development of key theoretical concepts related to purchasing power parity in 20th century. It presents theories which explain relation between price level, labor productivity and exchange rate. These theories explain the process of how the long-run equilibrium...
Persistent link: https://www.econbiz.de/10005103171
Persistent link: https://www.econbiz.de/10001647107
Panel data are a result of repeating observations of a group of units, e.g. households, firms, but also whole economies …
Persistent link: https://www.econbiz.de/10005036295
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 … econometric models with panel data. …
Persistent link: https://www.econbiz.de/10005036358
Panel data are increasingly being used in both macro- and micro-level studies of economic problems. Macro-panel data (i … denotes countries) are characteristic by sufficiently long time series to be able to analyze panel spurious regression and … panel cointegration. According to the main stream of the economic theory the budget deficits leads to deterioration in the …
Persistent link: https://www.econbiz.de/10005036639
both for each single country separately and for the whole panel. …
Persistent link: https://www.econbiz.de/10005036648
1991-2007. A method taken for the evaluation was a panel-corrected standard errors regression with fixed effects applied on …
Persistent link: https://www.econbiz.de/10008509953