This study investigates the shadow economy of Czech Republic and the associated losses in tax revenue. The presence of a shadow economy may not necessarily be bad for the economies in which they prevail but they could cause huge losses to government revenue and could also constitute serious violation of labour regulations. The study uses the Currency Demand Approach. It measures the size of the shadow economy in two stages: a) the econometric estimation of an aggregate money demand equation b) the calculation of the value of the shadow economy through the quantity theory of money. The key variables in the study include: the total currency held outside the banking system, the number of automatic teller machines, the deposit interest rate, GDP deflator, the average tax, velocity of money, nominal GDP and nominal money supply. The results from the study show that the shadow economy of Czech Republic on the average is about 20.9 % as at the end of 2013 and the country loses an average tax revenue of about 7.2 % of GDP yearly. The data was obtained from the World Bank country indicators and the International Financial Statistics.
The study seeks to assess the structure of the economy of Ghana in terms of changes in the economic structure before and after the production of oil in commercial quantities. This is viewed with regards to economic multipliers, sectoral interdependence and trade concentration. The results show that changes occurred with regards to multipliers and sectoral interdependence. The output multipliers of most sectors have declined. The results also show that the agricultural sector experienced an initial decline in its growth while industry experienced an increase. The performance of the services sector was relatively stable for the period covered by the study. There is a decline in the level of trade concentration though on a whole the concentration index is still high. The study employed input-output modeling techniques and the data was obtained from the Ghana statistical service and the World Development Indicators.
PurposeThe aim of this paper is to evaluate the influence of distance learning of the subject Operational Research in terms of the impact of the COVID-19 pandemic on the quality of teaching and the success of this course, to find out the satisfaction of students with the online learning, and the impact on the performance.Design/methodology/approachGrades of students from the subject were collected from the Faculty of Business and Economics of Mendel University in Brno between 2009 and 2021. A questionnaire concerning the views of students on online teaching of the subject and its comparison with face-to-face teaching was conducted, and the data obtained from 94 respondents were statistically processed by cluster analysis and the K-means method.FindingsA comparison of the results of examinations from the years taught in classical face-to-face form and from the period when teaching took place only online showed no significant effect on the final grades of the students. The results show that the students were basically divided into two-halves: one-half that preferred online teaching and the other that supported a more face-to-face form of teaching. Most of the students highly appreciated the tutorial videos provided because of the possibility of repeated viewing.Originality/valueThe paper shows that online teaching may be a suitable replacement for standard teaching. The paper answers the question whether some online elements can be integrated in the standard form of teaching.
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