True regional purchasing power: evidence from the Czech Republic

Čadil, Jan; Mazouch, Petr; Musil, Petr; Kramulová, Jana

doi:10.1080/14631377.2014.904109

Cited by 18 publications

(7 citation statements)

References 22 publications

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“…It is desirable to explore the regional price index (hereinafter "RPI") itself as it may significantly affect the real purchasing power of the same sums of money in different regions. This fact has been confirmed in the Czech Republic, (Čadil et al, 2012;Čadil et al, 2014;Zdeněk, Lososová, 2014) but it is also highly probable that this is the case even in other developed economies. The regional price index, based on the classic consumer price index (CPI), expresses the difference in price levels in individual regions within the state (Kraft et al, 2015) The RPI is still a much-neglected economic phenomenon; it has only been systematically examined in two world economies, in the German NUTS 3 regions, (Kosfeld et al, 2008;Kosfeld, Eckey, 2010;Schultze, 2003) and in the United Kingdom (Rice, Venables, 2006;Anastassova, 2006).…”

Section: Introductionmentioning

confidence: 55%

Relations among the Regional Price Index, Market Structures, and Capital Parameters of the Region

Kraft

2018

Trends Economics and Management

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Purpose of the article: This paper focuses attention on regional price indices (RPI) that reach across regions, respectively Czech regions, and different levels. Methodology/methods: The article mainly analyses the relation between the RPI and the particular form of market structures at the regional level, while also looking at the link between the RPI and capital parameters of each region. The methodology used is in the case of the first relation based on graphical models; in the second case selected statistical methods -correlation and regression analysis -were applied. Scientific aim: The aim of the article is to verify the existence of the link between the RPI and the market structures, but also the RPI and the capital parameters of the region. Findings:The results of correlation analysis confirm the assumption that RPI growth can also be observed in regions where the capital parameters are at a higher level, than in regions with lower values of capital parameters. On the contrary, the regression analysis points to low statistical importance of the dependence of the RPI on the capital assets of the region as demonstrated by the evaluation of 13 regions in Czech Republic (excluding Prague). However, for 14 regions this dependence is already statistically significant, but the figure for Prague is so distant from all of the others that it may be described as a typical case of so-called distant observation. Conclusions: A reliable and universally verifiable relation between the RPI and the particular form of the market structures most likely does not exist. For further research, it would be interesting to reverse the link between RPI and regional capital characteristics, and ask whether a low RPI can be a factor for a subsequent capital inflow.

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Section: Introductionmentioning

confidence: 55%

Relations among the Regional Price Index, Market Structures, and Capital Parameters of the Region

Kraft

2018

Trends Economics and Management

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“…Similarly, this article takes a one-year snapshot of the Czech population rather than a life-cycle view, as Caspersen and Metcalf (1995) did, which might explain the interplay between the huge impact of pensions (provided on a pay-asyou-go basis) on income inequality and the relatively high payroll taxes, including social security payments for old-age pensions. Furthermore, wealth is not taken into account, as in Šonje, Časni, and Vizek (2012), and differences in inflation rates are not reflected, as studied in Hait and Janský (2016) and Sorić (2013), or variation in regional price levels, discussed for the Czech Republic by Bajgar and Janský (2015) and Cadil et al (2014), both of which also affect living standards.…”

Section: Resultsmentioning

confidence: 98%

Does the Czech Tax and Benefit System Contribute to One of Europe’s Lowest Levels of Relative Income Poverty and Inequality?

Jánský

Kalíšková

Münich

2016

Eastern European Economics

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“…Despite the existence of this method and the possibility to apply it also at subnational level, it is often not possible due to the lack of homogeneous subnational data (prices and volume of goods and services) across countries. In fact, national Consumer Price Index collections, as well as specific price collections implemented across countries, seem to differ in terms of the regional consumption basket data gathered, as well as on the scope of regional prices observed (Čadil and Mazouch, 2011, p. 2 [25]).…”

Section: Introductionmentioning

confidence: 99%

Subnational purchasing power of parity in OECD countries

Costa¹,

Garcıá²,

Raymond³

et al. 2019

OECD Regional Development Working Papers

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The OECD is a multidisciplinary intergovernmental organisation of 36 member countries which engages in its work an increasing number of non-members from all regions of the world. The Organisation's core mission today is to help governments work together towards a stronger, cleaner, fairer global economy. Through its network of 250 specialised committees and working groups, the OECD provides a setting where governments compare policy experiences, seek answers to common problems, identify good practice, and coordinate domestic and international policies. More information available: www.oecd.org.

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True regional purchasing power: evidence from the Czech Republic

Cited by 18 publications

References 22 publications

Relations among the Regional Price Index, Market Structures, and Capital Parameters of the Region

Relations among the Regional Price Index, Market Structures, and Capital Parameters of the Region

Does the Czech Tax and Benefit System Contribute to One of Europe’s Lowest Levels of Relative Income Poverty and Inequality?

Subnational purchasing power of parity in OECD countries

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