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Czechia has been a member state of the European Union for more than eighteen years. During this time, the Czech economy has undertaken a significant transformation. In the past decade alone, the Czech economy has had to cope with several external and internal shocks – the effects of the financial crisis and the subsequent crisis of the real economy, internal recession, and significant economic growth interrupted by the COVID-19 pandemic.
Separated into four distinct parts, Modeling Economic Growth in Contemporary Czechia explores economic growth in Czechia from the perspectives of the dynamics of the economy, setting up of the economic policies, functioning of the markets and institutions, and the contribution of specific industry sectors to economic growth.
Entrepreneurship and Global Economic Growth is Emerald's cutting edge Global Economic Growth book series, presenting modern examinations of economic growth at national, regional, and global levels. Each book in this series discusses different dimensions of the changing economic and industrial contexts and examines in detail their impact on the nature of growth and development.
Daniel Stavárek is Professor and Head of the Department of Finance and Accounting, Silesian University in Opava, School of Business Administration in Karvina, Czechia.
Michal Tvrdoň is Associate Professor in the Department of Economics and Public Administration, Silesian University in Opava, School of Business Administration in Karvina, Czechia.
Foreword; Jiří Rusnok
Chapter 1. The Czech Economy in the Last Decade: Determinants and Obstacles to Economic Growth; Daniel Stavárek and Michal Tvrdoň
Chapter 2. Nominal and Real Convergence of Czechia with the Euro Area; Zuzana Szkorupová, Radmila Krkošková, and Irena Szarowská
Chapter 3. International Trade and the Competitiveness of Czechia as the Fundamental Determinants of Economic Growth; Jan Nevima
Chapter 4. The Role of Exchange Rate In Contemporary Czechia’s Foreign Trade; Jana Šimáková
Chapter 5. Exchange Rate Commitment of the Czech National Bank; Jan Černohorský, Liběna Černohorská, and Petr Teplý
Chapter 6. Dilemma of the Czech National Bank: Factors of Adverse Macroeconomic Development in Czechia; Petr Rozmahel and Marek Litzman
Chapter 7. Corporate Taxation in Czechia: A Proper Tax Mix Stimulating Economic Growth; Jana Janoušková and Šárka Sobotovičová
Chapter 8. Tax Policy to Internalize Road Transport Externalities; Petr David
Chapter 9. Relationship Between General Government Expenditure and Economic Growth in Czechia; Irena Szarowská
Chapter 10. Inflation Expectations in Czechia: Measurement and Determinants; Vojtěch Koňařík, Zuzana Kučerová, and Daniel Pakši
Chapter 11. Regional Housing Prices in Czechia: Dynamics, Co-movements, and Drivers; Daniel Pakši and Aleš Melecký
Chapter 12. Efficiency of the Czech Labour Market: Do Institutions Matter?; Aleš Franc
Chapter 13. Polarisation of Employment in Czechia and Neighbouring Countries; Radek Náplava
Chapter 14. Institutional Environment, Corruption and Their Impact on Economic Growth; Eva Kotlánová
Chapter 15. Sectoral Indebtedness and its Influence on Output of the Czech Economy; Ladislava Issever Grochová and Michal Škára
Chapter 16. The Contribution of Financial Institutions to Economic Growth; Iveta Palečková, Lenka Přečková, and Roman Hlawiczka
Chapter 17. The ICT Sector in Czechia and its Contribution to Innovation and Economic Growth; Dennis Nchor
Chapter 18. The Effects of the COVID-19 Pandemic on the Microeconomic Development of Czech Exports; Petra Růčková and Tomáš Heryán
Chapter 19. Impact of Working Capital Management of Czech Companies on Their Performance; Markéta Skupieňová, Tetiana Konieva, and Ivana Koštuříková