Work detail

A Survey of Czech Economists: What Do They Think?

Author: Bc. Jakub Sikora
Year: 2016 - summer
Leaders: doc. Petr Janský Ph.D.
Work type: Bachelors
Language: English
Pages: 56
Awards and prizes:
Abstract: Traditional consensus surveys show that economists continually cannot reach an agreement on
certain key policies. According to the previous research, this is mostly attributable to the
differences in the political views of the economists. This thesis aims to explore additional factors,
which could potentially influence the level of consensus and what the underlying causes of different
views are. The author conducted a web-based survey of Czech economists and received 116
responses; the questionnaire included questions related to the economic policy of the Czech
Republic and to the background of the respondents. Subsequently, a detailed analysis of the results
was performed and an econometric model was constructed. The author finds that differences in
views are truly the main cause of dissent among economists while other factors mostly have a
negligible impact. It seems that the tendency to have liberal (=laissez faire) opinions tends to go
up with income, that women tend to be less liberal than men, and that economists raised in the
countryside incline to have less liberal opinions. Moreover, it was shown that graduates from the
University of Economics tend to have significantly more liberal views in comparison with the
graduates from other universities, ceteris paribus. However, there is still much to be explored as
the general model conducted in this thesis explained approx. 45% of the variation in the tendency
to have liberal opinions.


Česká Spořitelna


Patria Finance