Politická ekonomie, 2023 (vol. 71), issue 4

Experimentální ověření platnosti Barrovy-Ricardovy ekvivalence

Experimental Verification of Barro-Ricardo Equivalence Theorem

Petr Frejlich, Helena Chytilová, Vojtěch Kotrba, Pavel Kotrba

Politická ekonomie 2023, 71(4):366-389 | DOI: 10.18267/j.polek.1387  

The aim of this study is to verify the validity of Barro-Ricardo equivalence in Czech conditions with the help of experimental methods. Ricardian equivalence, in which case consumers postpone consumption under lower taxation, is a basic assumption of many studies dealing with intertemporal decision making and has important implications for government tax policy. Using nonparametric methods and panel data regression, we find that Ricardian equivalence does not hold in general. Our results suggest that taxation has a significant impact on consumption decisions. Over the life cycle, a tax cut increases consumption on average by 28.7% of the tax credit....

Territorial Allocation of Subsidies and Share of EU Structural Funds in the Czech Republic

Daniel Franke, Karel Maier

Politická ekonomie 2023, 71(4):390-421 | DOI: 10.18267/j.polek.1389  

The aim of this article is to find out how the state and EU subsidies paid in the Czech Republic since 2000 have been translated into the territory. The methodology is based on obtaining a continuous time series of data on subsidies for the smallest possible territorial level and comparing the impacts on territorial cohesion, with particular reference to structurally affected regions on the one hand and the areas of Integrated Territorial Investments (ITI) and Integrated Plan for the Development of the Territory (IPRÚ) on the other. The results show that the share of subsidies has increased steadily over the period under review. Per capita funding...

Implications of Environmental Taxation for Economic Growth and Government Expenditures in Visegrad Group countries

Vera Mirović, Branimir Kalaš, Jelena Andrašić, Nada Milenković

Politická ekonomie 2023, 71(4):422-446 | DOI: 10.18267/j.polek.1391  

The paper shows an econometric approach to environmental taxes, economic growth and go- vernment expenditures in Visegrad Group (VG) countries from 1995 to 2018. The aim of this research is to explore how environmental taxes affect economic growth in Czechia, Hungary, Poland and Slovakia in the observed period. The subject of the research is to identify the relationship between total environmental tax revenues, energy tax revenues, transport tax revenues and economic growth. Also, empirical research includes the relation between environmental taxation and government expenditures to identify the character of their effects and influence on economic growth...

Insights into the Political Economy of Protection: The Case of International Trade in Agricultural Goods

Rozalia Kicsi, Aurel Burciu, Simona Buta, Ionel Bostan, Pavel Stanciu

Politická ekonomie 2023, 71(4):447-472 | DOI: 10.18267/j.polek.1393  

In most cases, the rules of the game in international trade are shaped by political economy, but this interplay is more noticeable in politically sensitive sectors such as agriculture. The balance between domestic political interests and the considerations concerning international relations changes over time in response to the joint action of a variety of factors, and this is mirrored in the multilateral trade regime governing this sector. Combining a broad set of empirical evidence available at the international level, this paper aims to capture the pattern of tariff and non-tariff protectionism in the global agricultural trade. The investigation...

Electoral Consequences of Individual Politicians' Pledge Fulfilment

Ivana Tománková

Politická ekonomie 2023, 71(4):473-495 | DOI: 10.18267/j.polek.1395  

Voters' ability to act upon the fulfilment of election pledges matters profoundly for democratic accountability. Existing literature provides evidence of retrospective voting on pledge fulfilment at the party level. This paper investigates retrospective voting on pledges at the level of individual politicians. It estimates the effect of breaking a pledge to support anti-corruption legislation on Czech deputies' preferential votes. Since the pledge was identical for all the participating de- puties and not all deputies pledged, the data permit estimation of the effect of pledge breakage independently of the effect of voting against anti-corruption bills....