Prague Economic Papers 2006, 15(2):135-155 | DOI: 10.18267/j.pep.281

National Accounts Data and Macroeconomic Analysis: A Comparative Study of the Czech Republic, Germany, Greece, Ireland and Slovenia

Maks Tajnikar, Nina Ponikvar
University of Ljubljana, 17, Kardeljeva Sq., SI - 1000 Ljubljana (e-mail: maks.tajnikar@ef.unilj.si, nina.ponikvar@ef.uni-lj.si).

In this paper there are analysed the characteristics of various important macroeconomic variables in the Slovenian economy and compared with the macroeconomic development in the Czech Republic, Germany, Greece and Ireland in two periods of 1997-1999 and 2000-2002. The main objectives of the paper are to observe changes in the macroeconomic variables of the analysed countries during the observed periods, to determine the sources of any differences in macroeconomic characteristics between Slovenia and the other analysed countries and, finally, to suggest some steps and measures to improve the macroeconomic situation of these countries. Data from national accounts are used in the analysis. In terms of methodology, the paper is based on post-Keynesian economic theory and its long-term economic model of a market economy with private ownership. Based on the analysis it was concluded that in all analysed countries there should be a greater emphasis on tax policy to create an incentive for investing and saving, on incomes policy to control the dynamics of nominal wages, and on technological policy as a prerequisite for improved economic efficiency.

Klíčová slova: Slovenia, Czech Republic, Ireland, long-run macroeconomic model, national accounts, post-Keynesian economic theory, Germany, Greece
JEL classification: B50, E12

Zveřejněno: 1. leden 2006  Zobrazit citaci

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Tajnikar, M., & Ponikvar, N. (2006). National Accounts Data and Macroeconomic Analysis: A Comparative Study of the Czech Republic, Germany, Greece, Ireland and Slovenia. Prague Economic Papers15(2), 135-155. doi: 10.18267/j.pep.281
Stáhnout citaci

Reference

  1. Arestis, P. The Post-Keynesian Approach to Economics. Aldershot: Edward Elgar, 1992.
  2. Atesoglu, H.S. "A Demand-Oriented Explanation of Economic Growth in Germany." Journal of Post-Keynesian Economics, 1996, 19(1), pp. 101-111. Přejít k původnímu zdroji...
  3. Atesoglu, H.S. "A Post-Keynesian Explanation of United States Inflation." Journal of Post Keynesian Economics, 1997, 19(4), pp. 639-649. Přejít k původnímu zdroji...
  4. Atesoglu, H.S. "Income, Employment, Inflation and Money in the United States." Journal of Post Keynesian Economics, 2000, 22(4), pp. 639-646. Přejít k původnímu zdroji...
  5. Carvalho, F.J. C. Mr Keynes and the Post Keynesians. Aldershot: Edward Elgar, 1992.
  6. Garegnani, P. "Heterogeneous Capital, the Production Function and the Theory of Distribution." Review of Economic Studies, 1970. Přejít k původnímu zdroji...
  7. Harris, D. J. Capital Accumulation and Income Distribution. Palo Alto: Stanford University Press, 1978.
  8. Harrod, R.F. "An Essay in Dynamics Theory." Economic Journal, 1939, 49, pp. 14-33. Přejít k původnímu zdroji...
  9. Hussein, K. and Thirlwall, A.P. "The AK Model of "New" Growth Theory in the Harrod-Domar Growth Equation: Investment and Growth Revisited." Journal of Post Keynesian Economics, 2000, 22 (3), pp. 427-436. Přejít k původnímu zdroji...
  10. Kalecki, M. Theory of Economic Dynamics; An Essay on Cyclical and Long-Run Changes in Capitalist Economy. London: Unwin Brothers, 1954.
  11. Kitson, M. and Michie, J. The Political Economy of Competitiveness. London and New York: Routledge, 2000.
  12. McClain, K.T. and Nichols, L.M. "On the Relation between Investment and Inflation: Some Results from Cointegration, Causation, and Sign Tests." Journal of Post Keynesian Economics, 1993-94 16(2), pp. 205-220. Přejít k původnímu zdroji...
  13. Pasinetti, L. L. "Rate of Profit and Income Distribution in Relation to the Rate of Economic Growth." Review of Economic Studies, 1962, pp. 267-279. Growth and Income Distribution, Essays in Economic Theory. Cambridge: Cambridge University Press, 1974. Přejít k původnímu zdroji...
  14. Robinson, J. Essays in the Theory of Economic Growth. New York: St Martin's Press, 1962. Přejít k původnímu zdroji...
  15. Robinson, J., Eatwell, J. An Introduction to Modern Economics. London: McGraw-Hill, 1973 .
  16. Schmidt-Hebbel, K., Serven, L. The Economics of Saving and Growth. Cambridge: Cambridge University Press, 1999.
  17. Seguino, S. "The Investment Function Revisited: Disciplining Capital in South Korea." Journal of Post-Keynesian Economics, 1999-2000, 22 (2), pp. 313-338. Přejít k původnímu zdroji...
  18. Setterfield, M.A. "Expectations, Path Dependence and Effective Demand: A Macroeconomic Model Along Keynesian Lines." Journal of Post-Keynesian Economics, 1999, 21(3), pp. 479501. "Macrodynamics." in Holt, R. and Pressman, S. (eds.). A New Guide to PostKeynesian Economics. London and New York: Routledge, 2001, pp. 92-101. Přejít k původnímu zdroji...
  19. Statistical Office of the Republic of Slovenia. A New Millennium - New Phenomena: Have Statisticians Been Able to Understand and Measure Them? Ljubljana: Statistical Office of the Republic of Slovenia, 2001.
  20. Statistical Office of the Republic of Slovenia. Rapid Reports, No. 308, National Accounts. Ljubljana: Statistical Office of the Republic of Slovenia, 2003.
  21. Statistical Office of the Republic of Slovenia. Rapid Reports, No. 262, National Accounts. Ljubljana: Statistical Office of the Republic of Slovenia, 2005.
  22. Tajnikar, M. and Ogrin, N. "Post-Keynesian Explanation of the Transitional Adaptation of the Investment Function in Slovenia" in Fourth International Conference on 'Enterprise in Transition' Proceedings. Split: Faculty of Economics Split, 2001.
  23. Tajnikar M. "From a Labour-Managed Economy to a Market Economy: A Contribution to Economic Transformation." Atlantic Economic Journal, 2000, 28(1), pp. 93-103. Přejít k původnímu zdroji...
  24. United Nations, Department of Economic and Social Affairs, Statistics Division. National Accounts Statistics: Main Aggregates and Detailed Tables, 2002-2003. New York: United Nations, 2005.
  25. United Nations, Department of Economic and Social Affairs, Statistics Division. National Accounts Statistics: Main Aggregates and Detailed Tables, 2001. New York: United Nations, 2003.
  26. Wray, L.R. "Money and Inflation." in Holt, R. and Pressman, S. (eds.) A New Guide to PostKeynesian Economics. London and New York: Routledge, 2001, pp. 79-91.

Tento článek je publikován v režimu tzv. otevřeného přístupu k vědeckým informacím (Open Access), který je distribuován pod licencí Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), která umožňuje nekomerční distribuci, reprodukci a změny, pokud je původní dílo řádně ocitováno. Není povolena distribuce, reprodukce nebo změna, která není v souladu s podmínkami této licence.