Politická ekonomie, 2024 (vol. 72), issue 5
Articles
Factors of Credit Ratings for Transfer Pricing of Loans in European Conditions
Martin Boďa, Karel Brychta, Michal Ištok, Veronika Solilová
Politická ekonomie 2024, 72(5):727-751 | DOI: 10.18267/j.polek.1421 
In accord with international transfer pricing regulations, the borrower's creditworthiness is the main factor to be reflected in valuation of cross-border loan transactions between associated enterprises. However, trouble invariably arises for small and medium-sized enterprises that do not have an assigned credit rating. The aim of this paper is to determine the most reliable predictors of a company's credit rating for European entities facing missing rating coverage for the purpose of transfer pricing. Based on 2015-2019 data sourced from the Orbis database, the study examines key financial ratios and non-financial information that could be instrumental...
Evaluation of Accuracy of Exchange Rate Expectation Models for Understanding Observed Expectations
Jáchym Novotný
Politická ekonomie 2024, 72(5):752-779 | DOI: 10.18267/j.polek.1426
Exchange rate expectations are a crucial element in the main monetary models. Therefore, this paper analyses the mechanism behind their formation. To achieve this, we analyse traditional expectation models using data from the Survey of Professional Forecasters (SPF) for the CZK/EUR currency pair. The data used cover one-year expectations in the period from January 2001 to December 2022, which are provided monthly by the Czech National Bank (CNB). The paper demonstrates the poor performance of the perfect expectation model. Furthermore, it demonstrates that traditional models, such as static, extrapolative, regressive and adaptive expectations, exhibit...
Are Slovak Regions Ready for Crises? Analysis of Their Socio-economic Resilience
Pavol Korec, Martin Plešivčák
Politická ekonomie 2024, 72(5):780-811 | DOI: 10.18267/j.polek.1433
Socio-economic and political systems are becoming increasingly unstable under the influence of various recent global events. The resilience of territorial units and their ability to respond to new challenges is significantly different in both the international and national context. In the presented work, we try to quantify the level of socio-economic resilience of Slovak regions and districts, while evaluating its state in time sections (2010 and 2020) capturing two crisis periods: the global economic and financial crisis and the onset of the crisis associated with the SARS-CoV-2 pandemic. We use a set of indicators that reflect the demographic, economic,...
Comparative Analysis of OECD Countries in Terms of Basic Science and Technology Indicators Using Entropy and WASPAS Methods
Selahattin Yavuz, Müge Manga
Politická ekonomie 2024, 72(5):812-840 | DOI: 10.18267/j.polek.1447
Practical analysis of the policies implemented by countries successful in the field of science and technology is crucial, especially in the context of optimal policy selection for countries needing technological development. In this context, ranking the world's countries in terms of technological development is important for increasing the effectiveness of the policies to be implemented in this field. This study ranks 28 OECD countries on seven key science and technology indicators in 2022 using multi-criteria decision making (MCDM) methods. In the analysis, first, the importance of the variables was ranked based on the entropy method. Then, a ranking...