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AN ECONOMIC ASSESSMENT OF THE INFLUENCE OF CHANGED PROPERTY RIGHTS ON FOREST MANAGEMENT

100%
Bíziková L., Friedl B.
Ekonomický časopis (Journal of Economics)
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2006
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vol. 54
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issue 10
983-993
EN
The shrift towards the private ownership in the forestry recourses in the transition countries of the Central and Eastern Europe promotes the forest values and their development in the diversified ways. In this paper, we provide a general equilibrium model assisting in estimation of the forest management practices on the regional level by comparing the different ownership structures and the public policy measures. The model is applied for the county of Banska Bystrica in Slovakia. The results provide an integrated tool identifying possibilities to address strategic development at the regional level that relates to the improvement of local well-being and sustainability applicable in the other regions with the diversified forest ownership structure.
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Vývoj finanční dostupnosti nájemního a vlastnického bydlení v průběhu hospodářské transformace v České republice (1991–2003)

100%
Lux M., Sunega P.
Sociologický časopis. Czech Sociological Review
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2006
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vol. 42
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issue 5
851-881
EN
The aim of the article is an analysis of changes affecting the financial affordability of rental and owner-occupied housing over the course of the economic transformation in the Czech Republic. To evaluate housing affordability the authors used housing expenditures-to-income ratios and data files from the Czech Statistical Office. The objective of this article is also to draw attention to the need to modify standard indicators when measuring housing affordability in countries in transition. In this regard the authors particularly note the huge differences in affordability ratios between households living in the so-called 'privileged' and households living in the 'unprivileged' housing market sectors.
3

INSTITUTIONAL QUALITY AS A DETERMINANT OF GROWTH EFFECTS OF CROSS-BORDER MERGERS AND ACQUISITIONS IN THE EUROPEAN TRANSITION COUNTRIES

88%
Zvezdanovic Lobanova J., Kračun D., Kavkler A., Lobanov M.
Ekonomický časopis (Journal of Economics)
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2016
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vol. 64
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issue 8
780 – 794
EN
The aim of this empirical study is to evaluate the influence of the inter dependence of cross-border mergers and acquisitions and the quality of the institutional setting on GDP per capita using dynamic panel data analysis for 22 European transition countries from 2000 to 2014. Our empirical results suggest that current cross-border mergers and acquisitions have a negative effect on GDP per capita in the year of merger or acquisition, but the influence of their lagged level has a strong positive effect one year later. All governance indicators are found to have a significant effect on GDP per capita while the only significant interaction term between cross-border mergers and acquisitions and control of corruption is negative. This implies that the higher level of cross-border mergers and acquisitions with its negative impact offset the positive effect of control of corruption on economic growth in current period.
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