Grant detail

GAUK 684012 Determinants of Economic Efficiency in Czech Enterprises

Principal investigator: Jan Průša M.Phil. (Cantab), Ph.D.
Collaborators: Mgr. Pavel Ryska MPhil
Description: We propose to elaborate a modified method of estimating economic efficiency, which follows nonparametric approaches by Daraio & Simar (2005) and by Kuosmanen (2006). The innovation concerns the contents of analysis and the techniques of estimation. Our models will account for price endogeneity and will employ a strictly money-valued measure of efficiency. This approach will improve realism of assumptions, which will bring the economic interpretation of results closer to real decision-making.

With this model we will investigate the hypothesis that Czech enterprises are efficient. We will focus on the dynamic dimension of capital accumulation: how investment affects production abilities of companies. This perspective will be compared with detailed analysis of two current inputs in production function – labour costs in the form of efficiency wages; and energy costs in the form of renewable subsidies.

Capital efficiency will be measured as related to labour; time; size of the company and finally compared with efficiency in the United Kingdom. Contrary to comparative studies in Central European region, our analysis will be new: Because the UK and the Czech Republic have relatively less intensive economic relationship, the comparison will not be biased by exchange rates fluctuations, one-off trade shocks and similar effects.
Work in grant:
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End date: 2013

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Economic Loss in Czech Photovoltaic Power Plants

Efficiency Wages and Involuntary Unemployment Revisited

Main drivers of natural gas prices in the Czech Republic - market reform vs. long term contracts


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IISES International Academic Conference

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