Do Institutions Influence Economic Growth?

Čermáková, Klára; Procházka, Pavel; Kureková, Lucie; Rotschedl, Jiri

doi:10.18267/j.pep.749

Cited by 9 publications

(3 citation statements)

References 23 publications

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“…Sekhon's standard model for estimating inflation is extended by a selected representative of institutional labor market factors (average monthly entitlement to financial support in unemployment, similarly Čermáková, 2020), by a representative of psychological factors on the side of demand and by a representative of these factors on the side of supply (business confidence indicator). We will create an alternative to the NAIRU concept according to Gadhia's (2020) assumption by adding to the standard Sekhon's inflation model an indicator of the epidemiological situation -the reproduction number R instead of the consumer price index.…”

Section: Specification Of Source Data and Methodology Of Their Analysismentioning

confidence: 99%

The effectiveness of government measures in the first wave of Covid-19 pandemic

Jašová¹

2022

IJOES

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The aim of the article is to use empirical analysis to confirm the applicability of NAIRU and NARRU concepts to evaluate the adequacy of measures against Covid 19. While higher NAIRU than NARRU throughout the coronavirus pandemic period confirmed the achievement of an epidemic-economic balance in the labor market at the cost of spreading the epidemic, a lower positive unemployment gap in the NAIRU concept indicated a milder recession than the epidemic in society would require. The Czech government should have either introduced a stricter lockdown or should have provided enough respirators, tests, and vaccines. The application of the NAIRU concept also confirms its suitability for use in economic and political practice in an unstable period.

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Section: Specification Of Source Data and Methodology Of Their Analysismentioning

confidence: 99%

The effectiveness of government measures in the first wave of Covid-19 pandemic

Jašová¹

2022

IJOES

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“…This fact can explain the lower inflow of FDI to the Czech Republic compared to other Central European countries nevertheless favorable institutional environment similar to Hungary. Cermakova et al (2020) analyzed selected institutional factors and tested their influence on economic growth. they proved that soft factors such as property rights, freedom of corruption, level of freedom on different markets and other components of the Index of Economic Freedom and legal framework explain the differences in GDP per capita dynamics across countries.…”

Section: Literature Reviewmentioning

confidence: 99%

Nexus Between Foreign Direct Investment and Employment in Manufacturing and Services Sectors in Tunisia: An ARDL Approach

Ben Amor

2023

IJOES

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This study investigated both the cointegration and the causal nexus between foreign direct investment (FDI) and employment in the manufacturing and services sectors in Tunisia by employing the augmented autoregressive distributed lag (ARDL) bounds testing approach. Our findings confirm a long-run relationship among the examined variables. Causality results indicated both short-run and long-run bidirectional causality between FDI and employment in the services sectors as well as between employment in the manufacturing and the services sectors. However, there is a unidirectional causality between FDI and employment in manufacturing running from FDI to employment in Manufacturing. These results are of particular interest and offer new perspectives and insight for new policies toward promoting and diversifying foreign investment as a critical contributor to the manufacturing sector's productive capacity and by extension to its employment level.

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“…Workers in the construction industry are significantly more vulnerable to unemployment throughout the economic cycle than workers in other industries [7]. As the construction sector is very sensitive to institutional shocks [8], legal framework and other institutional factors can help sustain the construction sector stability throughout the economic cycle [9].…”

Section: Introduction 1construction's Life Cycle Costs (Lcc)mentioning

confidence: 99%

Residential Construction with a Focus on Evaluation of the Life Cycle of Buildings

et al. 2021

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The article focuses on highlighting the role of life cycle costing (LCC) in the preparatory and implementation phase of residential projects. It involves the evaluation of several investment scenarios in the pre-investment phase, the choice between variants of the design of the entire building or its parts, and the choice of variants of structures and equipment with acceptable parameters. An innovative method of evaluating the life cycle of buildings is described in the article. This method was tested in selected residential projects realized by Skanska in the Czech Republic. Experience from construction practice shows that the choice of variants, constructions, or equipment of buildings only on the basis of the lowest acquisition costs (lowest bid prices) is wrong. The LCC calculation tool has been designed to model life cycle costs of individual variants of construction designs with different input parameters. It is possible to analyze the components or equipment that have the greatest impact on total life cycle costs. The article presents a tool that evaluates the long-term economic efficiency of the proposed residential buildings in terms of analysis of life cycle costs. The article will also expand the knowledge of the professional and general public about the importance of examining investment and operating costs already in the phase of construction preparation.

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Do Institutions Influence Economic Growth?

Cited by 9 publications

References 23 publications

The effectiveness of government measures in the first wave of Covid-19 pandemic

The effectiveness of government measures in the first wave of Covid-19 pandemic

Nexus Between Foreign Direct Investment and Employment in Manufacturing and Services Sectors in Tunisia: An ARDL Approach

Residential Construction with a Focus on Evaluation of the Life Cycle of Buildings

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