Politická ekonomie, 2021 (vol. 69), issue 1

Vývoj a porovnání konkurence a koncentrace v bankovním a pojistném sektoru v České republice v letech 2007-2019

Development and Comparison of Competition and Concentration in the Banking and Insurance Sector in the Czech Republic in the Years 2007–2019

Petra Budská, Luboš Fleischmann

Politická ekonomie 2021, 69(1):3-25 | DOI: 10.18267/j.polek.1308  

This paper examines the development and comparison of competition and concentration in the banking and insurance sector in the Czech Republic during the 2007-2019 period using the Herfindahl-Hirschman index (HH index). In the empirical section we calculate the degree of concentration and indexes separately for the banking and insurance markets, where the main variable in relation to banks is the balance sheet and this variable is the gross written premium in relation to insurance companies. Subsequently, we compare the two examined sectors including the analysis of their long-term equilibrium. The result of this research confirms the determined hypotheses,...

Determinanty poptávky a nabídky na trhu s byty a jejich význam pro vysvětlení regionálních rozdílů

Demand and Supply Determinants on the Property Market and Their Importance in Explaining Regional Differences

Libor Votava, Lenka Komárková, Jiří Dvořák

Politická ekonomie 2021, 69(1):26-47 | DOI: 10.18267/j.polek.1309  

There is growing interest in property prices and price trends at national and regional levels. The paper aims to find links between selected demand and supply determinants based on a panel regression of regional data during 2000-2017 and to contribute to further discussion of the role of these determinants. The main output of the paper is the identification of regional differences in the direction and strength of the influence of individual determinants on the flat price. Regional differences were identified in the mid-year population, the number of inhabitants per completed flat, the number of applicants per job, the amount of household disposable...

Dlouhodobá udržitelnost penzijních systémů zemí Evropské unie

Long-term Sustainability of Pension Systems of European Union Countries

Lenka Lakotová

Politická ekonomie 2021, 69(1):48-72 | DOI: 10.18267/j.polek.1307  

The article analyses the relationship between population ageing and sustainability of the EU countries' pension systems, and assesses how this relationship is affected by pension system design and parameters. The findings show that there is a link between population ageing and unsustainability of pension systems; however, there are exceptions in both directions. Despite the significant problem of population ageing, pension systems of some countries are found to be sustainable and vice versa. The elements enhancing sustainability are, for example, hypothetical defined contribution accounts or linking the pension benefit or retirement age to demographic...

Jsou pravidla finanční fair play spravedlivá a udržitelná? Případ anglické Premier League

Are the Financial Fair Play Regulations Fair and Sustainable? Case of English Premier League

David Procházka, Šimon Vanc

Politická ekonomie 2021, 69(1):73-98 | DOI: 10.18267/j.polek.1306  

The paper investigates whether the Financial Fair Play Regulations have contributed to a sus- tainable economic framework of club football while retaining equal opportunities for sport success. Mutual relations among economic strength of football clubs, their financial aggres-siveness in investments into squads and league results after the implementation of the FFP rules are assessed. Using a dataset of the English Premier League clubs over 2011-2017, empirical data reveal that the league is economically sustainable in the long run. However, profitability improves by increasing broadcasting revenue, and clubs' profits are driven by their ownership...

Examination of Chinese "Chopsticks" Mercantilist Policies in Africa

Semanur Soyyiğit, Murat Nişanci

Politická ekonomie 2021, 69(1):99-134 | DOI: 10.18267/j.polek.1303  

It is a theoretical fact that countries in which foreign direct investments (FDI) are realized by trans-national corporations for the purpose of profit should have some economical and institutional pull factors. This study examines whether Chinese FDI in African countries is supported theoretically by the economic and institutional factors of these African countries or whether these investments instead serve mercantilist policies of China independently of these factors. With this in mind, we examined the effect of the GDP, trade openness, natural resource rents and some institutional indicators of the host African countries on the Chinese foreign direct...

Keynesova Obecná teorie stále inspirativní (a provokující)

Pavel Sirůček

Politická ekonomie 2021, 69(1):135-141 | DOI: 10.18267/j.polek.1304