GAUK 684012 Determinants of Economic Efficiency in Czech Enterprises
| Principal investigator: | Jan Průša M.Phil. (Cantab), Ph.D. |
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| Collaborators: |
MPhil Pavel Ryska Ph.D. |
| 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. |
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| End date: | 2013 |
| Publications: | Consumer loss in Czech photovoltaic power plants in 2010–2011 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 |
| Conferences: | 7th Biennial Conference of the Czech Economic Society Annual Meeting of the Association of Southern European Economic Theorists IISES International Academic Conference |
