Politická ekonomie, 2022 (vol. 70), issue 2

Dopad změn podmínek pro aplikaci zvýhodněné daňové sazby u nemovitostních investičních fondů v České republice

Impact of Changing Preferential Tax Rate Conditions on Czech Real Estate Investment Funds

Jáchym Lukeš, Jana Skálová

Politická ekonomie 2022, 70(2):135-157 | DOI: 10.18267/j.polek.1347  

Impact of Changing Preferential Tax Rate Conditions on Czech Real Estate Investment Funds This article examines the impact of an amendment to the Income Tax Act that aimed to prevent the so-called real estate funds, whose activities bear the characteristics of ordinary business activities, from applying a preferential tax rate. Only funds whose shares are publicly traded and have the required shareholder structure could newly apply this rate. In response to the legal amendment, several real estate funds have become regular joint stock companies. Funds motivated to maintain a preferential tax rate had their securities admitted to...

Stress Testing of Non-financial Corporate Sector: A Top-down Input-output Framework

Vojtěch Siuda

Politická ekonomie 2022, 70(2):158-192 | DOI: 10.18267/j.polek.1345  

This paper provides a framework for conducting simulations and stress testing in the non-financial corporate sector. It relies on national accounting and uses a set of input-output tables to track the propagation of shocks between parts of the sector while staying entirely consistent with the big picture framed by the core forecasting model and the underlying scenario. The simulation framework allows standard macroeconomic developments to be captured, but one-off measures such as government wage and salary compensation and loan moratoria can also be easily implemented. The main output of the simulation is a set of industry-level performance and profitability...

Analysis of the Law of Falling Rate of Profit: European Case

Víctor M. Fernández-Aguilera, Ignacio Amate-Fortes, Almudena Guarnido-Rueda

Politická ekonomie 2022, 70(2):193-208 | DOI: 10.18267/j.polek.1342  

This work aims to analyse the existence or non-existence of a decreasing rate of profit in Europe and determine the factors influencing it according to the Marxist theory of profitability. To do so, a panel data model was estimated for seven European countries over more than 60 years (from 1960 to 2021, inclusive). The results obtained allow us to verify the tendency for profitability to fall, which could lead the capitalist system to fail.

Možnosti zlepšování životního prostředí územní samosprávou na příkladu snížení koncentrace prachových částic PM10 v ovzduší

Environmental Improvement Possibilities for Local Governments: Example of Reducing PM10 Concentration in Air

Helena Mitwallyová, Lucie Kureková, Daniel Zikmund

Politická ekonomie 2022, 70(2):209-234 | DOI: 10.18267/j.polek.1343  

Environmental Improvement Possibilities for Local Governments: Example of Reducing PM10 Concentration in Air The municipality can significantly improve the air in its territory by regular cleaning of its street network. The aim of this study is therefore to demonstrate the positive effect of machine cleaning of roads on the reduction of PM10 dust particles in the air. These particles are the result of emissions from transport and more than 83% of them come from the so-called resuspension (the secondary whirling of particles that lie on the road). Cleanliness and care of public spaces, in which road cleaning may be included, belongs to the so-called...

Role státu ve výstavbě a provozu železnice od 30. let 19. století do 20. let 20. století v interakci s vývojem ekonomického myšlení v českých zemích

Role of State in Railway Construction and Operation from 1830s to 1920s in Interaction with Development of Economic Thought in Czech Lands

Radim Ječný, Božena Kadeřábková

Politická ekonomie 2022, 70(2):235-254 | DOI: 10.18267/j.polek.1350  

The topic of this study is historical analysis of the construction of the Czech railway network and the role of the state in its development in comparison with economic thought of the time. The aim of this study is to present relations between the development of theoretical economic foundations and the actual railway construction in the Czech lands from the middle of the 19^th to the beginning of the 20^th century. During this time, the railway network was constructed in the shape it functions until these days. The topic is examined as a historical sequence of interactions between actual railway construction and operation and economic...

Vzpomínka na profesora Romana Huška (20. 8. 1936 – 30. 1. 2022)

Tomáš Formánek, Michal Černý, Josef Jablonský

Politická ekonomie 2022, 70(2):260-262  

Poslední kniha Nassima Taleba je více polemická

Jaroslav Daňhel

Politická ekonomie 2022, 70(2):255-259 | DOI: 10.18267/j.polek.1349