Modeling Kenya
Auda, O.; Bečičková, H.; Cincibuch, M.; Čižmár, P.; Hřebíček, H.; Janjgava, Batlome; Kameník, O.; Katreniaková, D.; Kejak, Michal; Lamazoshvili, Beka; Lukáč, J.; Machala, J.; Menkyna, Robert; Musil, K.; Rasulova, Khanifakhon; Remo, A.; Vávra, D.; Vlček, J.; Zemčík, Petr
2011 - English The report has three chapters. Chapter 1 summarizes the main features of the Kenyan economy relevant for building the FPAS. Chapter 2 presents the structural macroeconomic model and its properties captured by the decompositions of variances of the model’s variables in terms of the model shocks and by its impulse-response functions. This chapter also describes Bayesian vector autoregressions used for the near-term forecasting. Chapter 3 evaluates how the models perform empirically. The forecasting power is assessed both in the sample and by using an out-of-the-sample comparison with the standard random-walk benchmark. We conclude that the FPAS performs satisfactorily in this comparison. Keywords: Kenya; forecasting and policy analysis system Available at various institutes of the ASCR Modeling Kenya

The report has three chapters. Chapter 1 summarizes the main features of the Kenyan economy relevant for building the FPAS. Chapter 2 presents the structural macroeconomic model and its properties ...

Auda, O.; Bečičková, H.; Cincibuch, M.; Čižmár, P.; Hřebíček, H.; Janjgava, Batlome; Kameník, O.; Katreniaková, D.; Kejak, Michal; Lamazoshvili, Beka; Lukáč, J.; Machala, J.; Menkyna, Robert; Musil, K.; Rasulova, Khanifakhon; Remo, A.; Vávra, D.; Vlček, J.; Zemčík, Petr
Národohospodářský ústav, 2011

Modeling Rwanda
Auda, O.; Bečičková, H.; Cincibuch, M.; Čižmár, P.; Hřebíček, H.; Janjgava, Batlome; Kameník, O.; Katreniaková, D.; Kejak, Michal; Lamazoshvili, Beka; Lukáč, J.; Machala, J.; Menkyna, Robert; Musil, K.; Rasulova, Khanifakhon; Remo, A.; Vávra, D.; Vlček, J.; Zemčík, Petr
2011 - English The report consists of four chapters. Chapter 1 assesses the historical performance of forecasts for Rwanda. Historical forecasts since January 2010 are compared with the actual data as well as with projections of other institutions. Chapter 2 presents the structural macroeconomic model, its changes compared to the December 2009 version, and its properties captured by impulse-response functions and by variance decompositions of model’s variables in terms of the model shocks. Important is the part on the model-consistent interpretation of the recent economic Rwanda history. The section describing Bayesian vector autoregressions used for the near-term forecasting concludes. Chapter 3 evaluates how the models perform empirically. On the contrary to Chapter 1, the forecasting power is assessed both in the sample as well as by using an out-of-thesample comparison with the standard random-walk benchmark. We conclude that the FPAS performs satisfactorily in this comparison. The last chapter gives an overview of the considerable country database that has been compiled. Keywords: Rwanda; forecasting and policy analysis system Available at various institutes of the ASCR Modeling Rwanda

The report consists of four chapters. Chapter 1 assesses the historical performance of forecasts for Rwanda. Historical forecasts since January 2010 are compared with the actual data as well as with ...

Auda, O.; Bečičková, H.; Cincibuch, M.; Čižmár, P.; Hřebíček, H.; Janjgava, Batlome; Kameník, O.; Katreniaková, D.; Kejak, Michal; Lamazoshvili, Beka; Lukáč, J.; Machala, J.; Menkyna, Robert; Musil, K.; Rasulova, Khanifakhon; Remo, A.; Vávra, D.; Vlček, J.; Zemčík, Petr
Národohospodářský ústav, 2011

Effects of predictable tax liability variation on household labor income
Feldman, N. E.; Katuščák, Peter
2011 - English Keywords: tax salience; permanent income hypothesis; labor income Available at various institutes of the ASCR Effects of predictable tax liability variation on household labor income

Feldman, N. E.; Katuščák, Peter
Národohospodářský ústav, 2011

The impact of FDI on the host economy
Nikolovová, Pavla
2011 - English The volume of foreign direct investment (FDI) in CEE countries has been in- creasing in the past twenty years. It has generally been encouraged by domestic governments because the presence of a foreign rm is considered to have a strong potential to improve domestic economic conditions, among other the performance of domestic rms. Empirical studies of the actual impact of FDI on domestic rms, however, present rather ambiguous results. I argue that this is due to some limi- tations of prevalently used methodology, which does not separate the FDI spillover eects from the changes in competitive environment faced by domestic rms. In my research, I propose a novel estimation strategy that allows me to disentangle FDI spillovers from the eects of competition changing in response to the entry of a foreign rm. I consider this issue on the industry level and I compare the eects of FDI to the impact of international trade on the domestic economy. My identication strategy leads me to conrm the presence of positive spillovers stemming from FDI. Keywords: CEE countries; foreign direct investment Available at various institutes of the ASCR The impact of FDI on the host economy

The volume of foreign direct investment (FDI) in CEE countries has been in- creasing in the past twenty years. It has generally been encouraged by domestic governments because the presence of a ...

Nikolovová, Pavla
Národohospodářský ústav, 2011

Modeling Haiti
Auda, O.; Bečičková, H.; Cincibuch, M.; Čižmár, P.; Hřebíček, H.; Janjgava, Batlome; Kameník, O.; Katreniaková, D.; Kejak, Michal; Lamazoshvili, Beka; Lukáč, J.; Machala, J.; Menkyna, Robert; Musil, K.; Rasulova, Khanifakhon; Remo, A.; Vávra, D.; Vlček, J.; Zemčík, Petr
2011 - English The report has four chapters. Chapter 2 summarizes the main features of the Haitian economy relevant for building the forecasting and policy analysis system (FPAS). Chapter 3 presents the structural macroeconomic model and its properties captured by the decompositions of variances of the model’s variables in terms of the model shocks and by its impulse-response functions. This chapter also describes Bayesian vector autoregressions used for the near-term forecasting. Chapter 4 evaluates how the models perform empirically. The forecasting power is assessed both in the sample and by using an out-of-the-sample comparison with the standard random-walk benchmark. We conclude that the FPAS performs satisfactorily in this comparison. Keywords: Haiti; forecasting and policy analysis system Available at various institutes of the ASCR Modeling Haiti

The report has four chapters. Chapter 2 summarizes the main features of the Haitian economy relevant for building the forecasting and policy analysis system (FPAS). Chapter 3 presents the structural ...

Auda, O.; Bečičková, H.; Cincibuch, M.; Čižmár, P.; Hřebíček, H.; Janjgava, Batlome; Kameník, O.; Katreniaková, D.; Kejak, Michal; Lamazoshvili, Beka; Lukáč, J.; Machala, J.; Menkyna, Robert; Musil, K.; Rasulova, Khanifakhon; Remo, A.; Vávra, D.; Vlček, J.; Zemčík, Petr
Národohospodářský ústav, 2011

Modeling the environmental and socio-economic impacts of biofuels
Janda, Karel; Krištoufek, L.; Zilberman, D.
2011 - English Keywords: biofuels; ethanol; biodiesel Available at various institutes of the ASCR Modeling the environmental and socio-economic impacts of biofuels

Janda, Karel; Krištoufek, L.; Zilberman, D.
Národohospodářský ústav, 2011

Investment recommendations and stock prices movements
Hanousek, Jan; Kopřiva, František
2009 - English Keywords: dealers’ market; emerging markets; informed trading; investment recommendations Available at various institutes of the ASCR Investment recommendations and stock prices movements

Hanousek, Jan; Kopřiva, František
Národohospodářský ústav, 2009

Optimal severance payment: a quantitive exercise across countries
Jeong, Byeongju
2008 - English Keywords: severance payment; welfare; policy Available at various institutes of the ASCR Optimal severance payment: a quantitive exercise across countries

Jeong, Byeongju
Národohospodářský ústav, 2008

Financial incentives and cognitive abilites: evidence from a forecasting task with varying cognitive load
Rydval, Ondřej
2007 - English I examine how financial incentives interact with intrinsic motivation and especially cognitive abilities in explaining heterogeneity in performance. Zkoumám působení vlivu finančních stimulů na vnitřní motivaci a zejména na kognitivní schopnosti při objasňování heterogennosti výkonnosti. Keywords: financial incentives; cognitive ability Available at various institutes of the ASCR Financial incentives and cognitive abilites: evidence from a forecasting task with varying cognitive load

I examine how financial incentives interact with intrinsic motivation and especially cognitive abilities in explaining heterogeneity in performance....

Rydval, Ondřej
Národohospodářský ústav, 2007

Testing for gender discrimination: exploring the link between firm performance and its share of female employees
Jurajda, Štěpán
2006 - English Gender wage gap decompositions provide useful gender policy diagnostics, but are not well designed to provide a direct test of the presence of gender discrimination. One type of such test proposed in the literature is based on the link between firm-specific economic performance and its share of female employees. In this paper, I explore this link using a newly available database covering several hundred Czech firms in 2002. Dekompozice rozdílu ve mzdách podle pohlaví poskytuje užitečnou diagnostiku pro genderovou politiku, ale není sestavena tak, aby umožňovala přímý test přítomnosti diskriminace pohlaví. Jeden typ takového testu nabízený v literatuře je založen na vztahu mezi firemním ekonomickým výkonem a jejím podílu ženské zaměstnanosti. V této práci zkoumám tento vztah využívajíc nově dostupnou databázi zahrnující několik stovek českých firem v roce 2002. Keywords: gender discrimination; firm performance; female employees Available at various institutes of the ASCR Testing for gender discrimination: exploring the link between firm performance and its share of female employees

Gender wage gap decompositions provide useful gender policy diagnostics, but are not well designed to provide a direct test of the presence of gender discrimination. One type of such test proposed in ...

Jurajda, Štěpán
Národohospodářský ústav, 2006