Politická ekonomie 2002, 50(3) | DOI: 10.18267/j.polek.363

Analýza vývoje české ekonomiky v roce 2001 a výhled na rok 2002 a 2003

Petr Dufek, Marián Vávra, Milan Václavík

Analysis of czech economic development in the year of 2001 and outlook for 2002 and 2003

This paper evaluates Czech economic development during 2001 and is supplemented by the predictions of basic economic indicators for 2002 and 2003. This article is divided in to several specific parts. In the beginning we focus on economic growth, including a marginal analysis of GDP and industrial production. It is possible to find a detailed net inflation analysis in Chapter two which consists of an explanation of current demand and supply factors and then we present an econometric estimate of the net inflation equation. This Chapter includes impulse-response analysis also. Raw material dependency and the intensity of Czech production is analyzed in Chapter three, including an econometric estimate of oil and gas prices. In the following Chapter - Labour Market - we focuses on gross nominal wage determinants in the Czech Republic. In the last two Chapters we evaluate fiscal and monetary policy, including a detailed interest rate analysis.

Keywords: econometric estimate, impulse-response analysis, net inflation equation, oil and gas equation, wage determinants, import intensity, energy dependency and intensity

Published: June 1, 2002  Show citation

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Dufek, P., Vávra, M., & Václavík, M. (2002). Analysis of czech economic development in the year of 2001 and outlook for 2002 and 2003. Politická ekonomie, 50(3), . doi: 10.18267/j.polek.363
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