Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Results found: 3

first rewind previous Page / 1 next fast forward last

Search results

help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
1

ODHAD SPOTREBNEJ FUNKCIE PRE SLOVENSKO A PROGNÓZA SPOTREBY

100%
Senaj M.
Ekonomický časopis (Journal of Economics)
|
2008
|
vol. 56
|
issue 1
3-21
EN
This paper studies the impacts of disposable income and financial wealth on aggregate household consumption. The considered time period ranges from 1996 to 2005. The results confirm that not only disposable income but also wealth has significant impact on consumption. Moreover, we show that the most appropriate proxy for wealth is the sum of monetary aggregate M2 and assets invested in the mutual funds. We also investigate the effects of the interest rates and further relevant variables. It turns out that these variables are not significant in the consumption function. The second main objective of this work is to evaluate the different consumption forecasting approaches. We show that the most accurate in sample and out of sample forecasts originate from a vector error correction model with the exogenous variables.
2

JOB CREATION AND DESTRUCTION: EVIDENCE FROM THE SLOVAK REPUBLIC 2000-2004

63%
Siebertová Z., Senaj M.
Ekonomický časopis (Journal of Economics)
|
2007
|
vol. 55
|
issue 2
107-124
EN
In this paper, job flows and their determinants in the Slovak labour market over the period 2000 - 2004 are documented and analysed. Using the dataset that covers a substantial part of the Slovak enterprise environment (the sample is restricted to the enterprises with at least 20 employees), we focus on different issues of gross job reallocation. We find that job destruction dominates over a job creation and the job reallocation rates are comparable to those found in the other transition economies. We show that most of the job reallocation emerges within the groups considered rather than between groups, the pattern that prevails in the mature market economies. Finally, we investigate the enterprise growth and our results indicate that the probability of employment growth depends positively on ownership type and negatively on the initial size.
3

MUSE: MONETARY UNION AND SLOVAK ECONOMY MODEL

51%
Senaj M., Výškrabka M., Zeman J.
Ekonomický časopis (Journal of Economics)
|
2012
|
vol. 60
|
issue 5
435 – 459
EN
In this paper, we employ the Bayesian method together with the calibration approach to parameterise a medium-scale two-country dynamic stochastic general equilibrium model of Slovakia and the Eurozone. Parameters controlling the steady state of the model are calibrated to match the ratios of a few selected variables to their empirical counterparts. The remaining parameters are estimated via the Bayesian method. Since Slovakia has been a Euro area member for only two years, we need the model to operate under the two different monetary regimes – autonomous monetary policy regime and monetary union regime. This feature enables us to estimate the model parameters in the case of independent monetary policy and subsequently simulate impacts of various structural shocks on the Slovak economy as a part of the monetary union. At the end of the paper, we present the impulse-response functions of the model to selected structural shocks.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.