2,607,845 research outputs found
Highly qualified in the Czech Republic
No full textThe paper aims to analyse the current situation of the highly qualified in the
Czech Republic applying the ISCO qualification. Previous studies suggest that
educational attainment has an important impact on labour market performance
and national competitiveness. Data analyses approved that highly qualified
workforce positively influences economic situation of the EU–15 Member States
they work in. However, this hypothesis was disapproved for the EU–10+3
Member States joining the EU after 2004. The difference can be explained by the
various stage in convergence process since some New Member States are still in
transformation period. We positively appraise the significant growth of fraction
of the highly qualified in the Czech Republic since 2004, especially in the major
group Professionals involving the most qualified workforce. The same trend
happened also for the highly qualified foreigners in the Czech Republic, however
their attracting still remains a challeng
"Put your own house in order first": local perceptions of EU influence on Romani integration policies in the Czech Republic
Get PDFThis article examines the influence of the European Union (EU) on the development and implementation of Romani integration policy in the Czech Republic from the perspective of those responsible for policy delivery. Based on analysis of key policy documents and research conducted in the Czech Republic, this article first examines how Romani integration became a more important issue during membership negotiations and then discusses how the criticism of the European Commission's Regular Reports was received by those responsible for implementing pro-Romani policies. Finally, the paper assesses how the status of full EU membership has impacted on integration policy. The article concludes that while funding for Romani integration projects has benefitted some groups, the overall impression of the EU is of a remote institution, quick to criticise and unwilling to practise what it preaches
Fiscal reform and corporate governance in the Czech Republic
Get PDFThe Czech Republic became a Member State of the European Union in May 2004. Under the EU legislation, prior to adopting the euro the Czech Republic must therefore be an EU Member State and must have fulfilled the Maastricht convergence criteria. The Czech Republic is currently reporting an excessive deficit, which poses an obstacle on the way towards compliance with Maastrich convergence criteria. Therefore Czech government has decided to solve primarily public finance problems. Early April 2007, the Czech government introduced a planned legislative reform affecting taxes, social security, health insurance etc. The bill introduced by the Czech government contains many significant changes which came into effect from 2008. Moreover the president of the Czech Republic signed the amendment on the stabilization of public finances which brings alterations to the most of the currently valid tax law. The main object of approved changes is to stabilize Czech public finance, but tax and fiscal reform will have a fundamental impact on corporate governance in the Czech Republic. The aim of a paper is not to summarize all approved modifications but paper analyzes and points out significant changes which came into effect in year 2008 and focuses on estimated impact and consequences for corporate governance in the Czech Republic in a future period.tax reform; corporate governance; corporate income tax; value added tax
Organic Agriculture in the Czech Republic (Country Report 2011)
No full textThe Czech organic farming is continuously growing and has reached almost 12 % of the farmland acreage in the Czech Republic. The main driving force in the development of the organic farming in the Czech Republic are subsidies; which led to the fact that there is mainly grassland in the organic system (82,5 %). Concerning the organic plant production there is a significant increase in the organic viticulture (965 ha), the most important crops are cereals followed by fodder crops. The organic land burden in livestock units is very low (with beef cattle being the most numerous). The share of organic products on the Czech food market is still small (less than 1 %) compared to the developed EU countries and about a half of the sold goods was produced abroad. Organic food is sold mostly in retail chains, nowadays “farmer markets” and “box delivery systems” have become very popular. The Czech Ministry of Agriculture is since 2000 the key-player in the area of organic farming, it is responsible for regulation and supervision of the certifying control bodies and also for official controls in the organic sector (some of this activities are delegated to other bodies). Since 2004, the Czech Republic adopts Action Plans for the Development of Organic Farming (currently for the period of 2011-2015), a strategic document, which is approved by the government. The Czech Republic supports its organic farmers not only in the form of subsidies per ha but also for example in the form of promotion campaigns on organic food
Economy of Parliamentary Voting: The Case of the Czech Republic.
No full textThe dissertation presents an empirical analysis of voting in the Lower House of the Czech Parliament with a focus on parties' and members' behavior. Since the Czech Parliament came into existence with the creation of the Czech Republic in January 1993, voting data describes the beginning of legislative process in a newly created democracy. Since 1993, voting in the Czech Parliament has experienced a significant number of roll-calls on newly created laws. Party composition has also had a higher variation than that typical for developed countries. This work also reveals whether there is some path to stability in the Czech legislative process.Available from STL Prague, CZ / NTK - National Technical LibrarySIGLECZCzech Republi
FDI spillovers in the Czech Republic: takeovers vs. greenfields
Get PDFThis paper analyzes the effects of foreign direct investment on the sales growth rate of domestic companies in the Czech Republic. This paper analyzes the effects of foreign direct investment on the sales growth rate of domestic companies in the Czech Republic. Using firm-level panel data from 1995 to 2005, it studies both horizontal and vertical spillovers with respect to two kinds of foreign investment - takeovers and greenfields. This is the first paper applying this framework on firm level. The study allows also for the lagged nature of these spillovers. The results suggest that the sales growth rates of domestic companies mostly decrease in the presence of foreign companies, especially in upstream sectors. The impact through horizontal spillovers is mixed - positive from foreign takeovers, negative from greenfields. Positive forward spillovers are present mainly in recent years. Time sensitivity is revealed for horizontal as well as vertical spillovers.productivity, sales growth, spillovers, FDI, ownership, FDI Spillovers in the Czech Republic: Takeovers vs. Greenfields, Economic Papers
Dynamic of air pollution at the Bily Kriz station, Czech Republic
No full textIt is known that air pollution is changing ecosystems around the world, especially in Europe. These changes are the consequences of acid depositions, photo-oxidants, etc. and may cause severe decline in ecosystems. Some groups of research study the problem relative to air pollution in several countries around the world, especially in the Czech Republic. Air pollution related problems, such as acidification, air quality and ground-level ozone, are recognised as some of the important problems facing the people of the Czech Republic, whose health is damaged by impact of air pollutants. Also the impacts of these air pollutants on forest, vegetation and materials are investigated.Available from STL, Prague, CZ / NTK - National Technical LibrarySIGLECZCzech Republi
Does CPI Approximate Cost-of-Living? Evidence from the Czech Republic.
No full textAn original method based on an n-markets simultaneous partial equilibrium model is designed to evaluate the second order bias in the Consumer Price Index's (CPI) approximation of the Cost-of-Living (COL) and to test the statistical significance of its mean value over a variety of horizons. In the empirical application of the model It is considered nine goods markets that correspond to the first strata level breakdown of the CPI in the Czech Republic for the period 1994-2000.Available from STL Prague, CZ / NTK - National Technical LibrarySIGLECZCzech Republi
"Cash and Working Capital Management in the Czech Republic"
Get PDFThis paper outlines the changing financial scene in The Czech Republic, which is following the global pattern of institutional investors taking over the role of commercial banks as relationship banking is gradually giving way to transaction-driven banking. Investment-grade companies have become more reliant on direct financing and less reliant on intermediated financing. This is due both to reluctance by banks to extend credit facilities to high-grade corporates as they search for more lucrative returns on capital, and by the growth in the supply of capital by institutional and other non-bank investors. This growth in direct financing has been predominately in the form of unsecured and unregistered commercial paper issues. The relatively high Czech reference interest rates in the late 1990’s influenced the development of company debt financing, forcing companies to become more sophisticated and dynamic in their use of debt instruments and hedging tools as they attempt to manage the subsequent interest rate risk. The objectives of cash management are straightforward – maximise liquidity and control cash flows and maximise the value of funds while minimising the cost of funds. The strategies for meeting such objectives include varying degrees of long-term planning requirements. Also, like everywhere in the world, much treasury activity in the Czech Republic is concentrated on cash management. This includes financing the corporation, administration of debts (loans, bonds, commercial papers, etc.), good relationships with the banks, payments to suppliers and collections from customers, control of foreign currency and interest positions according to the company’s needs for finance, and finally the reporting and technical support of all these functions. The use of cash pooling as a global standard for concentrating cash into the main bank account of the firm, has very quickly found favour in corporates in the Czech Republic
Labor Supply after Transition: Evidence from the Czech Republic
Get PDFWe extend the scarce evidence on the labor supply in post-transition countries by estimating the wage elasticity of labor force participation in the Czech Republic. Using household income survey data, we find that a one-percent rise in the gross wage increases the probability of working by 0.16 and 0.02 percentage points for women and men, respectively. Taking into account the tax and benefit system, these semi-elasticities fall to 0.06 for women and 0.01 for men. We interpret the difference between the estimates from the two specifications as a summary measure of the welfare system disincentives. The estimated wage elasticities lie at the lower end of the range of values reported for mature market economies. This finding is consistent with the stylized fact that the labor supply in countries with high labor force participation rates, such as the Czech Republic, tends to be less sensitive to wages.labor supply, transition, welfare system
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