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Mechanisms for implementing community programs resulting from general principles of Regulation (EC, Euratom) No 1605/2002 on the Financial Regulation applicable to the general budget of the European Communities and Commission Regulation (EC, Euratom) No 2342/2002 laying down detailed rules for...
Persistent link: https://www.econbiz.de/10008784818
Future of the European Union and its future directions should be the most important subject of the European Studies, which combine studies of Economy, Political Science, International Relations and other disciplines to study the European Integration Process in its complexity. This applies...
Persistent link: https://www.econbiz.de/10005036590
The objective of this article is to provide a survey of basic facts about process of globalization. We can define … globalization as the international economic integration through particular markets. Globalization is largely continual and objective … process that began approximately in the middle of nineteenth century. Main factors determining globalization are technology …
Persistent link: https://www.econbiz.de/10005036652
Persistent link: https://www.econbiz.de/10009743118
The paper analyzes an important part of the institutional quality - regulation and studies relation between the regulatory environment and the bureaucratic barriers. The analysis is based on theoretical models of the comparative institutional economics. In the paper, we discuss possibilities of...
Persistent link: https://www.econbiz.de/10005036585
The article is based on the thesis that institutional quality influences the economic performance. From this point of view under certain circumstance the government policy is able to increase efficiency and performance of economies through creation, maintenance and cultivation of appropriate...
Persistent link: https://www.econbiz.de/10005036666
Federation is one type of state characterised by a contractual and constitutional structure, multilevel power redistribution, a written constitution, and duality of power. Federalism is a philosophy and a political instrument enabling a federation to function. The principle of federalism is an...
Persistent link: https://www.econbiz.de/10005079044
We survey theories of impacts of budgetary rules in the budget process, review empirical evidence and on the basis of comparative studies attempt to design the optimal shape of the Czech budgetary rules. The theoretical part focuses on conventional and non-intuitive effects of spending caps and...
Persistent link: https://www.econbiz.de/10008754959
The paper deals with a wide-spread myth that a switch from a PAYG to a funded pension system might solve adverse consequences of the population aging. It is shown, that under additional assumptions the pension debt (which is created during the process of the switch) is exactly equal to the value...
Persistent link: https://www.econbiz.de/10005036565
The Czech Republic is going to face ageing of its population. It will affect the economy in many ways. The pension system is one of them. This paper provides a view on possibilities how to insure long-term stability of the pension system in the Czech Republic using a mix of pay-as-you-go and...
Persistent link: https://www.econbiz.de/10005036605