Use of the method of the stochastic trend for NAIRU estimation in the Czech Republic and Slovakia at the macro- and meso-levels

Jašová, Emilie; Kadeřábková, Božena; Čermáková, Klára

doi:10.1080/1331677x.2017.1305782

Cited by 8 publications

(6 citation statements)

References 18 publications

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“…Second, the observed increase in the levels of entrepreneurship could be related to the past economic growth of the country, measured in terms of employment, nominal wages, and gross domestic product growth. However, the delay in macroeconomic de-velopment is expected to shift this positive trend as the pandemic is ongoing and restrictions are still active [Jašová et al, 2017;Petkovski et al, 2018;Hedvičáková, Kozubíková, 2021]. Third, along with government restrictions, several public policy actions aimed at mitigating the adverse effects of the pandemic upon Czech businesses were introduced.…”

Section: Discussionmentioning

confidence: 99%

A First Year’s Impact of the Pandemic on the Czech Entrepreneurial Activity

Dvouletý¹

2021

Foresight and STI Governance

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Every crisis affects entrepreneurial activity; for some entrepreneurs, it is an opportunity for a new start; others are forced to shut down their businesses. This study aimed to analyze the effect of the global coronavirus (so-called COVID-19) pandemic on Czech entrepreneurial activity. The article exploits the administrative data covering business demographics of seventy-seven Local Administrative Units (LAU1) regions over the years 2008-2020. Data were obtained from the Czech Statistical Office. The study provides insights into the short term effects of the pandemic, i.e. one year after. The results from the panel regression models and placebo tests comparing forecasted values of new businesses registrations and closures with actual values obtained after the end of 2020 do not show that there would be a significant drop in the Czech entrepreneurial activity. On the opposite, the data indicate that the Czech entrepreneurial activity grew and even increased compared with 2019. However, the obtained results need to be interpreted with caution, as many factors influenced Czech businesses’ development. Specifically, we mention the past economic growth, the introduction of public entrepreneurship and SME policy instruments and financial back-ups of the business owners. There are several implications of the conducted research. For instance, there is a need to observe the long-term effects of the pandemic on business demography and its structure. We propose to study changes in bankruptcy rates in the most harmed sectors such as tourism, hospitality, culture or sport and compare them with sectors that could easier transfer their business activities online.

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Section: Discussionmentioning

confidence: 99%

A First Year’s Impact of the Pandemic on the Czech Entrepreneurial Activity

Dvouletý¹

2021

Foresight and STI Governance

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“…The goal of the study has been to point out problems in reporting migration and to propose a strategy to analyze migration based on the multilevel research of migration while making this strategy applicable to internal migration. As data on migration represent a key input into a vast economic research, such as construction sector (Hromada et al 2021), labour market and economic performance studies (Čermáková et al 2019), transportation sector (Lukavec et al 2017), health sector (Neethu et al 2021 or Tamas 2021) regional economic performance and policies (Jašová et al 2017), and many others, motivation of this study was to provide an instrument to record the data on diverse levels of migration.…”

Section: Discussionmentioning

confidence: 99%

Multilevel research of migration with a focus on internal migration

Kureková¹

2021

IJOES

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In the research of migration, we can encounter the application of multidisciplinary approaches with the use of knowledge from existing theories, which implies the need for statistical reporting. It is not always easy to determine who a migrant is, and studies exploring migration can be dividing up according to many criteria. Contemporary literature contains a whole score of studies dealing with migration, its determinants and impacts on the economy, etc. However, there are very few studies dealing primarily with regional (i.e. internal) migration in comparison to the number of studies analyzing international migration. The goal of this study is to point out problems in reporting migration and to propose a strategy to analyze migration based on multilevel research of migration while making this strategy applicable to internal migration.

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“…As was already said, the pandemic has caused a decline in economic activity and increased unemployment rates, leading to changes in demand for real estate (Hromada et al, 2022). Jasova (2017) shows that a construction sector downturn lasts longer than economic downturns in other sectors. In fact, lack of supply and shocks in demand for properties during the COVID-19 pandemic period led to unprecedented turbulent development in the Czech property market, making housing unaffordability and housing poverty a highly contentious issue for economic policymakers (Cermakova and Hromada, 2022).…”

Section: Economic Development In the Most Subsidized Sectorsmentioning

confidence: 95%

Evaluation Of The Antivirus A Programme In The Czech Republic During The COVID-19 Pandemic

Zubikova¹,

Veselá²,

SMOLÁK³

2023

IJOES

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This paper analyses an employment support programme – the Antivirus A Programme – implemented in the Czech Republic during the COVID-19 pandemic aimed at maintaining a constant level of employment. We present this government programme in detail, including individual data related to its effectiveness and examine similar employment support programmes in other EU countries during the pandemic. We also analyse the economic development of sectors that received employment support. The main contribution of the paper is the creation of a counterfactual scenario of unemployment and inflation rate in the Czech Republic in the absence of the Antivirus A Programme using a short-run Phillips curve concept. According to Bajgar et al. (2021), one third of Czech workers could work from home during the pandemic. We find that if these workers had not been supported by the Antivirus A Programme, Czech taxpayers could have saved EUR 0.15 billion and inflation rate could have been reduced (based on our short-run Phillips curve model) by 0.66–0.99 p.p. for the entire duration of the Antivirus A Programme depending on the choice of assumptions related to the possibility of working from home.

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Use of the method of the stochastic trend for NAIRU estimation in the Czech Republic and Slovakia at the macro- and meso-levels

Cited by 8 publications

References 18 publications

A First Year’s Impact of the Pandemic on the Czech Entrepreneurial Activity

A First Year’s Impact of the Pandemic on the Czech Entrepreneurial Activity

Multilevel research of migration with a focus on internal migration

Evaluation Of The Antivirus A Programme In The Czech Republic During The COVID-19 Pandemic

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