Statistika: Statistics and Economy Journal - No. 1/2016
Code: 320197-16 |
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Czech GDP between 1970 and 1989 Based on Esa 2010
Jaroslav Sixta, Martina Šimková, Kristýna Vltavská, Jan Zeman
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Abstract
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Long time series of the main macroeconomic indicators are in demand by researches and economic experts. The Department of Economic Statistics from the University of Economics in Prague reconstructed the historici time series of GDP and its components in ESA 1995. Thus, we interpreted economic development of the Czech Rep. Between 1970 and 2013 based on ESA 1995. In 2014 the Czech Statistical Office recalculated national accounts since 1990 using the newly adapted European standard of accounts 2010. Introducing ESA 2010 brought the need to recalculate the historical time series into this new standard. The paper aims at describing the main adjustments in this recalculation and presenting the main results of expenditure and production approaches to GDP. Since the most important changes in the standards concern capitalisation the most significant changes affected gross capital formation.
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Job and Employee Stocks and Flows in the Czech Republic
Kateřina Duspivová, Jana Kramulová
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The main aim of this paper is to present a comprehensive system of statistical information concerning the labour market with respect to the theoretical background as well as to the latest trends in the labour market statistics. This framework interlinks relations between demand and supply sides of the labour market as well as stocks and flows. In addition to the generally known indicators of economic activity, the authors džine a new set of employment indicators derived from job creation, job destruction, hires and separations. There have never been quantified and balanced the demand and supply side stocks and flows in the Czech Republic, so the pilot results concerning the year 2010 are introduced as well. The systematic approach, based on a wider use of linked employer-employee microdata combined with other data sources, has the advantages of a higher information capability as well as of complying with the requirements of the academics.
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Analysis of Structural Differences and Asymmetry of Shocks Between the Czech Economy and the Euro Area
Martin Slanicay
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The goal of this paper is to examine asymmetry of shocks and structural differences between the Czech economy and the euro area. For this purpose I use a New Keynesian DSGE model of two economies. Structural differences are examined using the posterior distributions of structural parameters. Results suggest that prices are more sticky in the Czech economy, especially in the non-tradable sector, while wages are more sticky in the euro area. It seems that the ECB smooths less the interest rate and reacts more to the development in output and inflation than the Czech National Bank. It also seems that labor supply in the Czech economy is more elastic than labor supply in the euro area. Asymmetry of shocks is examined using correlations between smoothed shocks obtained from the estimation. The most asymmetric shocks are shocks in government expenditures, labor supply shocks, and productivity shocks in the tradable sector, while the most symmetric shocks are consumption preference shocks, monetary policy shocks, and investment efficiency shocks.
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Technical appendix | |
Minimal Adequate Model of Unemployment Duration in the Post-Crisis Czech Republic
Adam Čabla
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Unemployment is one of the leading economic problems in a developed world. The aim of this paper is to identify the differences in unemployment duration in different strata in the post-crisis Czech Republic via building a minimal adequate model, and to quantify the differences.
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Establishment of the Quality Documentation System in the Croatian Bureau of Statistics
Mario Gavrić
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The main goal of the Croatian Bureau of Statistics (hereinafter: CBS) in recent years was to establish a widely accepted general framework for quality assessment and quality improvement of CBS’s statistical processes and products. The CBS adopted the Total Quality Management (TQM) approach as the general model for quality management, quality assessment and quality improvement.
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2015 IFCS Conference
Hana Řezanková
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Published: 24.03.2016
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