This article presents an analysis of income and profitability indicators for the banking sectors of six post-communist countries and compares them with a group of eighteen OECD countries without a “communist” past. The analysis focuses on five relative indicators (interest income/fees and commissions income; fees and commissions/bank assets; interest income/bank assets; profit/assets; fees and commissions/non-interest income), which are subsequently controlled with macroeconomic indicators (GDP, interest rate and inflation) for the period 1995 2009. The results of the econometric model corresponded with three out of the five assumptions made about the effects of post-communism. However, only the hypothesis that post-communist countries used their assets for higher net income from fees and commissions is significantly verified. Discrepancies were explained by x-inefficiencies on the cost side and a constant pressure on revenue stream diversification, which is in accordance with scholarly literature.
The text presents the theoretical framework of Local Impact Assessment presenting it as a new and effective tool of decision-making on the level of local administration. Although controlling elements of Regulatory Impact Assessment were already implemented on the state administration level in 2008, such implementation on the level of local administrations is not being conducted homogenously and often by taking the subjectively selected qualitative as well as legal inefficiencies into consideration. Decentralizing public administration has been a modern trend in economy of public sectors; Local Impact Assessment can be a key tool for effective blending of the public and private sectors.
This paper provides an analysis of economics of luxury, more specifically of consumption behaviour focusing on buying luxury goods and their counterfeits. We employ data from own omnibus research in the Czech Republic in a discrete choice model with binary dependent variables and so determine a probability of certain action. Our results imply that people who buy luxury goods could be taken (and are taken) as role models for both supply and demand sides on the market with counterfeits. The data also implies that consumers, who buy luxury goods, buy fake goods as well.
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