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1

VHODNOST PŘIJETÍ JEDNOTNÉ MĚNY EURO V NOVÝCH ČLENSKÝCH STÁTECH EVROPSKÉ UNIE: APLIKACE TEORIE OPTIMÁLNÍCH MĚNOVÝCH OBLASTÍ

100%
Hedija V.
Ekonomický časopis (Journal of Economics)
|
2013
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vol. 61
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issue 3
235 – 250
EN
The article deal with optimum currency area (OCA) theory and examines which of the new EU member states are suitable candidates for the euro extended by EU-10 countries membership. The OCA index which is based on predicted value of nominal exchange rate variability is used to consider the suitability of monetary union membership. The index is estimated in two steps. First, relationship between the volatility of the nominal exchange rate and the fulfilment of the OCA criteria is estimated on a sample of 11 countries (EU-10 and the euro area) over the period 1999 – 2009. Subsequently, OCA index is calculated as the predicted value of the nominal exchange rate variability EU-10 countries to the euro. The lowest index values achieved the Czech Republic, Slovak Republic, Hungary and Estonia. Those countries seem most appropriate candidates for adopting the single currency euro as compared with other EU-10 countries.
2

VALIDITY OF GIBRAT´S LAW: FOCUS ON GENDER COMPOSITION OF TOP MANAGEMENT

100%
Hedija V.
Ekonomický časopis (Journal of Economics)
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2017
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vol. 65
|
issue 1
46 – 65
EN
The study is focused on relationship between firm size and firm growth in the context of gender composition of top management of the firms. In accordance with Gibrat´s law, firm growth is the stochastic process that does not depend on firm size. The aim of this study is to find out if the confirmation or rejection of Gibrat´s law validity might be related to the gender composition of management. The data for 20,073 Czech firms in the period 2008 – 2013 is used. To examine the relationship between firm size and firm growth, the linear auto-regression model is applied. The study concludes that the gender composition of top management is not the key factor affecting the validity of Gibrat´s law. The validity of Gibrat´s law is rejected at the aggregate level and also for both men-led and women-led firms. Smaller firms tend to growth faster than their bigger counterparts.
3

WAGE DISCRIMINATION AGAINST WOMEN IN BALTIC COUNTRIES

63%
Hedija V., Musil P.
Ekonomický časopis (Journal of Economics)
|
2020
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vol. 68
|
issue 7
699 – 713
EN
The paper is devoted on the wage differences between men and women in Baltic countries. It aims to estimate the unexplained gender pay gap cleaned at least partially by effect of intra household specialization on wage. To estimate the unexplained gender pay gap, we use European Union Statistics on Income and Living Conditions (EU-SILC) data and apply the Oaxaca-Blinder decomposition accompanied by matching procedure. The results show that to take intra-household specialization into account led to a decrease in the unexplained gender wage differences however wage differences between men and women persists. The unexplained gender pay gap, which could be due to wage discrimination against women reaches approximately 11 percent in Latvia and Lithuania. It is significantly higher in Estonia where it amounts about 21 percent to disadvantage of women.
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