Politická ekonomie, 2024 (vol. 72), issue 1

Winning at Home and Abroad: A Generalized Double Diamond Framework for Selected CEE Countries

Irina-Marilena Ban, Valentina Ioana Cheregi

Politická ekonomie 2024, 72(1):1-23 | DOI: 10.18267/j.polek.1399  

In the lens of European integration, national competitiveness no longer depends just on national inheritance, but also on the new member states' capacity of exploiting existing advantages of EU membership. In this paper, we closely follow the effects of European Union (EU) admission on national competitiveness for eleven Central and Eastern European (CEE) countries that joined the EU after 2004. The analysis includes new specific variables that we consider potential boosters of competitiveness in this particular sample of countries, besides the proxies generally used in the literature. The results indicate that, for most of the CEE countries, EU accession...

Mechanism of Influence of Precarious Work on Political Participation: An Empirical Study Based on HKPSSD Data

Lan Yudong, Zheng Jiayu

Politická ekonomie 2024, 72(1):24-49 | DOI: 10.18267/j.polek.1402  

Precarious work is characterized by flexible and nonstandard employment relations. It affects people's economic relationships and participation in social and political movements. Based on the data of the Hong Kong Panel Study of Social Dynamics 2015, this paper explores the influence mechanism of precarious work on political participation with political attitudes as a mediator. The results show that, for precarious workers, there is a significantly lower probability of institutionalized political participation and a higher probability of non-institutionalized political participation. Also, the young precarious workers have a lower probability of institutionalized...

Effect of Economic Policy Uncertainty on Stock Returns: Analysing the Moderating Role of Government Size

Yunus Karaömer, Arif Eser Guzel

Politická ekonomie 2024, 72(1):50-72 | DOI: 10.18267/j.polek.1407  

This study investigates whether the response of stock returns to economic policy uncertainty de- pends on the level of government size in the economy. Although there is a consensus in the liter- ature that stock markets react negatively to policy-related uncertainties, the factors that determine the magnitude of this effect have been ignored. This study is the first to demonstrate that the magnitude of this effect depends on the size of the government in the economy. In the study, data for the period 1997Q1-2021Q4 pertaining to 18 countries are used. According to results of fixed-effects estimations with Driscoll-Kraay robust standard errors, economic...

Novel Configuration of Formulary Apportionment Using the Correlated Random Effect Approach

Markéta Mlčúchová

Politická ekonomie 2024, 72(1):73-101 | DOI: 10.18267/j.polek.1411  

This paper examines various configurations of the formula under the formulary apportionment methodology from the perspective of the explanatory power of the variability in profitability of multinational companies with the aim to identify the best-performing formula based on analytical evidence of panel microeconomic data. The considered configurations of the formula are based on the novel composition of the allocation formula indicated under the BEFIT proposal, preceding the CCCTB proposal, and traditionally used formulas, at the sub-national level, in Canada and the United States. The empirical analysis uses microeconomic panel data obtained from...

Innovation and New Technologies as Determinants of Logistics 4.0

Filip Ž. Bugarčić, Veljko M. Mijušković, Slobodan Aćimović

Politická ekonomie 2024, 72(1):102-121 | DOI: 10.18267/j.polek.1422  

Continuous technological changes in various industries are necessary for achieving economic development goals. Logistics, as an integral part of the supply chain, is gaining an increasingly significant role for national economies. To encourage its further development, especially in the era of intensive digitization and the context of Industry 4.0, innovations and new technologies are seen as important drivers. The paper examines the impact of capacity for innovation and availability of latest technologies on countries' overall logistics performance, as well as individual components of international logistics. Additionally, the role of export and import...

Unemployment and Labour Force Participation in South Korea: Johansen-Type Cointegration Analysis with a Fourier Approach

Veli Yilanci, Onder Ozgur

Politická ekonomie 2024, 72(1):122-141 | DOI: 10.18267/j.polek.1410  

This study examines the long-run relationship between the unemployment rate and labour force participation rate in South Korea from June 1999 to January 2023. The study utilizes the traditional Johansen cointegration test and augments it with Fourier terms to control for an unknown number of breaks in the cointegration system. The empirical findings suggest a significant long-run relationship between the unemployment rate and labour force participation rate in South Korea, which provides evidence against the unemployment invariance hypothesis. The study also finds evidence of the discouraged-worker effect for males and the added-worker effect for females....

Winner of the 2023 Nobel Prize for Economics

Pavel Sirůček, Zuzana Džbánková

Politická ekonomie 2024, 72(1):142-150 | DOI: 10.18267/j.polek.1432