Suchergebnisse

Survey-based measures of subjective well-being are more and more often analyzed cross-culturally. However, international comparison of these measures requires measurement invariance. Therefore, the major goal of this study was to investigate the cross-country comparability of the five-item subjective well-being scales used in the International Social Survey Programme (2011, 2017). This study applied both the traditional exact and the more recent Bayesian approximate approach to assess whether the subjective well-being scales were measurement invariant. The Bayesian approach detected several non‑invariant items that were problematic for cross-national comparison and could be dropped from the scales. Consequently, measurement invariance was established in all countries for the reduced scales, allowing researchers to meaningfully compare their latent mean scores and the relationships with other theoretical constructs of interest. Thus, the study highlighted the advantages of using multiple indicators and the necessity of measurement invariance testing in subjective well-being research.

The article documents the development of life satisfaction in four transitional Central European countries since 1991, in comparison with Germany and Austria. After presentation of data sources and the overview of the literature regarding the effect of transition on life satisfaction, surveys of European Values Study 1991, 1999 and 2008 are analysed together with macroeconomic data. First, satisfaction levels are correlated with GDP and then, individual characteristics of income, gender, education and family status are regressed to as explanatory variables of life satisfaction. While the explanatory power of GDP is found as very weak for the entire period, the effect of objective characteristics has peaked in 1999 and the effect of subjective perceptions in 2008. The survey information on trends after 2008 differs but no dramatic change of the life satisfaction due to the economic recession has so far appeared. Adapted from the source document.

The relatively long term period of stability before the present crises called even "Great Moderation" or "Golden Age of Central Banking" indicated that the inflation targeting was a success story. As of 2008 a lot has changed and the debate over "Leaning against the wind or Clean afterwards?" is being revisited among central bankers and academicians. At the same time the question "Does money matter in monetary policy" is on the table again. This paper focuses on the discussion of these issues; moreover, some new challenges that emerged in previous three years are discussed. The crisis has highlighted an urgent need to incorporate banks and financial frictions into monetary policy modelling framework -- therefore some new findings on this field of research are outlined. An important lesson from the crises is that price stability is not a sufficient precondition for financial stability, therefore an operational framework for financial stability is being searched -- this is subject of the final part of this paper. Adapted from the source document.

The article deals with an analysis of regional differences in rental housing affordability following rent deregulation in the Czech Republic. The objective is to identify the types of households potentially at risk of being unable to afford housing, to map the development of potential housing (un)affordability since 2000, and to trace the development of regional differences in the percentage of at-risk households in the Czech Republic. Owing to the absence of useful aggregate data on incomes and expenditures for different household types in the regions of the Czech Republic, the authors created their own simulation methodology for measuring housing affordability, which uses available regional wage statistics and data on market rents. The results indicate that the general risk of being unable to afford rental housing and regional differences in housing affordability are both decreasing, but there is still a relatively large group of households that under current wage conditions for paying social benefi ts would be unable to afford to pay market rents.

The article asks whether a paradox of new members comes into being during the EU enlargement. The first chapter defines the paradox of new members & examines its frequency in political communities. The second chapter introduces practical examples of the paradox & specifies voting power indicators in the EU. The third chapter brings empirical results -- frequency of the paradox during EU enlargement. The fourth chapter tests some hypotheses & defines a disproportionality index. The fifth chapter summarizes conclusions. Tables, References. Adapted from the source document.

This article provides a brief but comprehensive overview of microfinance academic literature with emphasis on recent innovations, trends and efficiency. In particular, we focus on controversial issues of microfinance, such as commercialization, regulation, interest rate policy and the balance between outreach and performance of MFIs. In summary, the findings of the reviewed literature underline the great improvement in the microfinance field that, however, has not reached its full potential yet. At the same time, we outline potential risks and drawbacks which are being discovered along the way of microfinance development and maturing, many of which still waiting for more rigorous scholarly examination. Adapted from the source document.

The article is concerned with analysis of independence of central banks of the EU Member States within the framework of the ESCB, as well as independence & responsibility of the ECB, & suggests an alternative institutional embodiment of its position, reflecting the specific framework of the EMU. The system of selection of members of the ECB's Executive Board blurs a real collective responsibility towards Member States, which opens possibilities for nontransparent lobbyism. Modified system is suggested so that national banks governors have a symbolic relationship to the political representation, i.e. that they reflect a national economic policy in some way, without being bound & restricted by its formation whatsoever. Tables, References. Adapted from the source document.

The paper explains the theory of bureaucracy developed by William A. Niskanen. While sociologist Max Weber's analysis treats bureaucrats as "eunuchs" or automatic machines responsible for public well-being, Niskanen tries to apply standard neoclassical economic models to explain the behavior of bureaucracy as a whole. With this background, he concludes that the bureaucracy will concentrate on bargaining processes with the sponsor & not on improving the quality of its services to the public. This is a simple explanation of why the bureaucratic organization provides systematically worse products & services to its customers than does the standard private firm operating on the market. 19 References. Adapted from the source document.

Panel data are increasingly being used in both macro- & micro-level studies of economic problems. Macro-panel data (i denotes countries) are characteristic by sufficiently long time series to be able to analyze panel spurious regression & panel cointegration. According to the main stream of the economic theory the budget deficits leads to deterioration in the current account balance. The panel long-run causal relation is examined in the case of the four groups of countries. For the Granger causality test the panel cointegration analysis is needed. The panel cointegration relationships were not found in any case. Some similarities in the panels were found in the case of Latin America countries but they are not significant. Tables, Graphs, References. Adapted from the source document.

The article focuses on the institutional reforms of the European Union's foreign policy from the perspective of input and output legitimacy. It aims at two objectives: to analyse the potential contribution of the establishment of the European External Action Service headed by the Union's High Representative for Foreign Affairs and Security Policy for the legitimacy of the EU's international activity, and to tentatively evaluate to what extent the potential is being fulfilled in practice. It concludes that the new institutions have the potential to raise the output legitimacy of the EU, but only if the member states are considered constitutive actors of the EU and if the institutions manage to keep a high level of input legitimacy. Nevertheless, it is too soon to decide whether this will be possible in practice. Adapted from the source document.

This study analyses the causes of the fall of the Chechen state after its de facto independence (1996-1999) following the so-called First Russian-Chechen War (1994-1996). The failed incursion of the (predominantly Wahhabi) Chechen-Dagestani guerillas in Dagestan (August 1999), designed to inflame a regional rebellion against Russia, resulted in the current Second Russian-Chechen War. The Chechen state's failure was mainly caused by internal factors, primarily the 'clanish' division of Chechen society & customary legal norms (eg., blood feuds), but also the spread of political Islam & the expansion of North Caucasian Wahhabism. Considering recent attempts to extend the conflict over Chechnya's borders, this field continues to be of immense import. In Dagestan, Ingushetia, Kabardino-Balkaria & elsewhere, processes similar to those being studied may be better understood following this study. Adapted from the source document.

As a consequence of the new regionalism a marked increase in the number of regional groupings can be observed which makes the preferential relations between states even more complicated & complex. One of such complex relationships, which did not come to being during the third wave of regionalism but was strongly supported by it, is subregionalism -- simply said, overlapping of regional integrations. The aim of this comparative study is to analyze a current state & development of subregionalism within two region-wide integrations -- the European Union (EU) & the Asia Pacific Economic Cooperation (APEC) -- & on the basis of this analysis to compare the effects of this phenomenon in both regions. Some general conclusions enabling an assessment of future development of subregionalism & its impact on regionalism in Europe & Asia are the main outcomes of the comparison. References. Adapted from the source document.

We use EU SILC data for the Czech Republic to estimate the size of the motherhood penalty for the period 2006-2017. We find out that adjusted motherhood penalty amounts to 11-15% in the period 2006-2008. At that time, the Czech Republic appeared to be comparable to countries such as Germany and the UK. However, the motherhood penalty effectively disappears after 2009 and the Czech Republic is now placed in the same group with Scandinavian countries, France and Belgium. Despite that, there are still many obstacles for mothers to increase their labour market participation, which translate mainly into wage penalties via the experience and labour intensity channels. The study also supports other general evidence from cross-country motherhood penalty comparisons, motherhood penalty being mostly a phenomenon of middle-educated, married women located outside large cities, employed in private industry and having more than one child.

The paper focuses on reflection of the First World War in presidential speeches in years
1990–2013. This period delimits mandates of former Czech presidents Václav Havel and Václav
Klaus. Ways in which both presidents referred to the historical event and in which they utilized its
interpretation for legitimization of their political goals are compared. As its theoretical framework,
the study utilizes an approach that has been developed by Jeffrey Alexander and Philip Smith as
part of their program in cultural sociology. The study aims to identify the most significant cultural
codes and narrative strategies of the analyzed speeches and to relate them to (supra)nationalistic
metanarratives that they help to maintain. The study also points to the fact that presidential
speeches represent an important case of utilization of past for the purposes of legitimization of
state policy while also being a practice with which states are established.