Prague Economic Papers, 2023 (roč. 32), číslo 2
Non-linear Impacts of Public Debt on Growth, Investment and Credit: A Dynamic Panel Threshold Approach
Taner Turan, Pelin Varol Iyidogan
Prague Economic Papers 2023, 32(2):107-128 | DOI: 10.18267/j.pep.825 
This paper examines the effects of public debt on the growth rate, investment and domestic credit provided to private sector using the dynamic panel threshold regression method for a large number of developing countries, namely 53 (48) economies for growth and invest-ment (credit) regressions. Our results suggest that public debt does not have a significant impact on the economic growth rate. Despite a strong negative effect of public debt on the total investment, our results do not support the existence of a (strong) threshold effect of public debt on total (private) investment. On the other hand, we present evidence for a threshold effect of public...
Efficiency of Digital Economy in the Context of Sustainable Development: DEA-Tobit Approach
Viktorija Skvarciany, Indrė Lapinskaitė, Viktorija Stasytytė
Prague Economic Papers 2023, 32(2):129-158 | DOI: 10.18267/j.pep.824
The paper aims at measuring the efficiency of the digital economy in EU countries. For that purpose, data envelopment analysis (DEA) is used. Sub-dimensions of the Digital Economy and Society Index (DESI) are used as inputs and the Sustainable Development Goals Index (SDGI) as an output. The results revealed that Bulgaria, Italy and Romania are the most efficient digital economies in terms of human capital; Belgium, Bulgaria, Cyprus, Croatia, Estonia, Finland, Greece, Lithuania, Poland and Portugal in terms of connectivity; Bulgaria, Hungary and Romania in terms of integration of digital technology; and Romania in terms of digital public services....
Mapping of Capabilities and Export Opportunities of Czechia
Ondřej Sankot, Tereza De Castro, Jana Vlčková, Cristina Procházková Ilinitchi
Prague Economic Papers 2023, 32(2):159-183 | DOI: 10.18267/j.pep.829
Czechia is one of the most export-oriented countries, reaching high levels of economic complexity. However, its innovative capabilities remain limited. Taking these factors into consideration, we determined the country's optimal diversification path by identifying prospective export sectors which would enhance the country's competitiveness. We combine the product space and proximity methodologies on predicted export data together with a company-level analysis. We identified machinery for specialized industries and parts thereof (SITC 7284), machine-tools for specialized industries parts or accessories (SITC 7281) and power hand tools, pneumatic or...
Interest Rate Uncertainty and Macroeconomics in Turkey
Pelin Öge Güney
Prague Economic Papers 2023, 32(2):184-204 | DOI: 10.18267/j.pep.826
Uncertainty about monetary policy associated with uncertainty in interest rate is an important determinant of economic decisions. Due to the dominant position of the US economy on global financial markets, in addition to countries' own uncertainties, uncertainty related to the monetary policy of the USA may have an impact on other economies. In this study, we investigated the impact of interest rate uncertainties for different maturities on industrial production, inflation, unemployment and exchange rate. We used the impulse response functions based on the vector error correction model (VECM). We also conducted the Granger causality test to analyse...
Human Resources for Health and Health Outcomes: Panel Data Analysis
Lucie Kureková, Pavlína Hejdukova, Lenka Komárková
Prague Economic Papers 2023, 32(2):205-224 | DOI: 10.18267/j.pep.830
This study aims to evaluate the effects of selected key factors on health outcomes. Unfortunately, statistical reporting in this field is not harmonized, and in some countries it is completely absent. For this reason, valuable information for health determinant analysis may be lacking or overlooked. Using two different databases, we obtained data from 61 countries for the period 2000-2015. To analyse panel data with over 660 observations, a linear mixed model was applied. This paper contributes to the health economics debate by statistically testing the relationship between health outcomes and variables such as healthcare personnel, healthcare expenditure...