Nominal and discretionary household income convergence: The effect of a crisis in a small open economy

Lichner, Ivan; Lyócsa, Štefan; Výrostová, Eva

doi:10.1016/j.strueco.2022.02.004

Cited by 4 publications

(2 citation statements)

References 51 publications

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“…Following on from the aforementioned study, the used beta-convergence framework was taken into account by Lichner et al (2022) who then focused on observing differences in nominal and discretionary household incomes before the economic recession and during the crisis from January 2004 to December 2012. Their results supported the hypothesis that in assessing economic imbalance, income and consumption should be assessed together.…”

Section: Entrepreneurship and Sustainability Issuesmentioning

confidence: 99%

Changes in real income of households in the Czech Republic due to the Russian invasion of Ukraine

Vochozka,

Škapa,

Apanovych

2023

JESI

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The objective of the paper was to assess the impact of the invasion of Ukraine by the Russian Federation on real household income in the Czech Republic. The research methods used in the study include content analysis, seasonal modification of SARIMA, and discounting method, specifically NPV. Data were collected from publicly available sources of the Czech Statistical Office. Based on a content analysis of the macroeconomic indicators under study, inflation and gross monthly household income were selected to examine further development of real household income in the Czech Republic. Based on historical data, the SARIMA model made statistically relevant forecasts of the selected variables for the "pre-war" year 2022. Comparing real and forecast data, it was confirmed that the Russian invasion of Ukraine (from 24 th February 2022 onwards) has shown how vulnerable the European financial system is to external shocks, which can be observed in significant inflationary changes. The ability of the SARIMA model to handle a larger range of data and accurately determined seasonality was demonstrated in forecasting the development of real household income. The identified economic consequences of deviations of the real and forecast figures in the "pre-war" period showed new realities in turbulent economic conditions. In order to further expand the research, combining the applied method with other analytical tools can be recommended. Moreover, it is advisable to include new relevant variables in the model. This would allow understanding better and forecasting the development of real household income in the context of current economic events.

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Section: Entrepreneurship and Sustainability Issuesmentioning

confidence: 99%

Changes in real income of households in the Czech Republic due to the Russian invasion of Ukraine

Vochozka,

Škapa,

Apanovych

2023

JESI

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“…Vaccinating a large percentage of the population is critical in order to effectively contain the pandemic and avert further deaths, however due to the novelty of the virus there is still a lot of regional learning gap that impedes the formation of formidable regional alliance to combat the pandemic. Indeed there are several ways the effectiveness of a vaccine regime can be approached but earlier convergence hypothesis (6) suggests that policies are better channeled to converging clubs in order to magnify policy effectiveness (7,8). Additionally, the multifaceted nature of dispensing and local coordination to manage the COVID 19 outbreak has been paramount.…”

Section: Introductionmentioning

confidence: 99%

Testing the Club Convergence Dynamics of the COVID-19 Vaccination Rates Across the OECD Countries

Xu¹,

Lau²,

Zhang³

et al. 2022

Front. Public Health

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Vaccines are essential to create a more resilient economic growth model. Ending the COVID-19 pandemic requires a more coordinated, effective, and equitable distribution of vaccines across the countries. Therefore, governments are in a race to increase the vaccination rates of the population. Given this backdrop, this paper focuses on the daily vaccinations per million data from March 1, 2021, to October 15, 2021, in 37 Organization for Economic Co-operation and Development (OECD) countries and examines the stochastic properties of the vaccination rates. We adopt the club convergence econometric methodology to investigate the club convergence paths of COVID-19 vaccination rates in OECD regions. The results indicate a significant convergence of the vaccination rates in seven clubs across 30 OECD countries. Moreover, there are seven OECD countries demonstrate non-convergent characteristics, which raises questions about ineffective vaccine balance. In addition, the paper also discusses the potential implications for the post-COVID-19 era.

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Article 162 [Aims of the ESF]

Nyikos

2023

Springer Commentaries on International and European Law

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Nominal and discretionary household income convergence: The effect of a crisis in a small open economy

Cited by 4 publications

References 51 publications

Changes in real income of households in the Czech Republic due to the Russian invasion of Ukraine

Changes in real income of households in the Czech Republic due to the Russian invasion of Ukraine

Testing the Club Convergence Dynamics of the COVID-19 Vaccination Rates Across the OECD Countries

Article 162 [Aims of the ESF]

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