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Evaluation of the Efficiency of Public Support for Cluster Organizations in the Czech Republic

cluster initiative, and strengthening framework conditions for their development ( Boekholt, Arnold, Giarracca and Ploeg, 2014 ). Public interventions can be broad or very narrow; they can have the nature of regularly recurring activities as well as being one-off projects. In recent decades, clusters have been widely used as a tool to increase competitiveness at the regional and national levels. Their existence is associated with agglomeration economies, knowledge spillover, stimulation of innovation, increased productivity, efficiency and operational performance

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ESTIMATION OF BANKING EFFICIENCY IN THE CZECH REPUBLIC: DYNAMIC DATA ENVELOPMENT ANALYSIS

References Andries, A. M., Cocris, V. (2010). A Comparative Analysis of the Efficiency of Romanian Banks. Romanian Journal of Economic Forecasting, 4, 54-75. Banker, R. D., Charnes, A., Cooper, W.W. (1984). Some Models for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis. Management Science, 30, 1078-1092. Bonin, J. P., Hasan, I., Wachtel, P. (2005). Privatization matters: Bank efficiency in transition countries. Journal of Banking and Finance, 29, 2155

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The Centre of Government as the Coordination Point for the Implementation of General Legal Rules

already conclude on their bad result). Responsive rules that match a context according to a rule’s goal, the rules of responsibility that clearly define the responsibility of actors and tools that enable monitoring, and/or the gap between the written and enforced rules is necessary for a trustworthy legal system. It is necessary to draw attention not only to the areas typically mentioned in documents (e.g. the insufficient institutional efficiency and performance characterized by lengthy administrative procedures, the inefficiency of public spending and governance

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Application of Window Malmquist Index for Examination of Efficiency Change of Czech Commercial Banks

References Anayiotos, G., Toroyan, H., Vamvakidis, A. (2010). The efficiency of emerging Europe’s banking sector before and after the recent economic crisis. Financial Theory and Practice, 34(3), 247-267. Andries, A. M., Cocris, V. (2010). A Comparative Analysis of the Efficiency of Romanian Banks. Romanian Journal of Economic Forecasting, 4, 54-75. Asmild, M., Paradi, J. C., Aggarwall, V., Schaffnit, C. (2004). Combining DEA Window Analysis with the Malmquist Index Approach in a Study of the Canadian Banking

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Application of the Institute of Income Redistribution in the Form of Social Transfers in EU Countries

between member states are so significant that the poverty line in richer countries could be the same value as above-average income in poorer states. We follow this stream of literature and contribute to the issue of determining the structure of social transfers and the measurement of their efficiency in poverty reduction in member states in the European Union. The aim of the submitted paper is to assess the fulfilment of the purpose of social transfers in individual EU countries with different social welfare systems in the form of monitoring their impact on reducing

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Transparency in Public Procurement – the Case of Slovenia

spheres and a larger welfare state. Otter & Weber (2015) . The amount of resources spent through public procurement is a potential source of conflict of interest and corruption. Kaštelan Mrak et al. (2016) . In the European Union (EU), around 30% of all public spending is intended for the payment of outsourced work, which at the annual level amounts to approx. EUR 2,000 billion or 14% of the EU GDP. European Commission (2017) . Such large amount of funds calls for well-considered spending decisions and for maximum efficiency and effectiveness of public spending

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Economic and Legal Features of Digital Markets

concentration-based analysis of the effects of merger control. The UPP test will examine whether a merger will tend to be accompanied by a price increase or price reduction for a product considered. Here, two opposite effects are weighed against each other. On the one hand, the incentive to unilaterally increase prices, and on the other, the incentive to reduce prices, which may be due to merger-related efficiency gains. The use of the UPP can avoid problems in practice such as the definition of the relevant market in regards to markets with differentiated products. In

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Relationship between the Financial Indicators and the Implementation of Telework

with the entity with or without telework Source: Database Albertina Gold Edition, own research, authors’ processing Return indicators bring business efficiency information and evaluate the profitability of the business. The higher the values are, the better. It can also be asked whether it is more efficient to work with equities or with liabilities. Return on equity (ROE) is one of the indicators of profitability and expresses how effectively an organization manages funds injected by shareholders or associates. The Return on equity indicator does not include

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Loan to Value Ratio and Monetary Transmission Mechanism

) and Hloušek (2016) . The restrictive monetary policy is effective in reducing inflation at higher levels of LTV. However, this higher efficiency is accompanied by higher economic and welfare costs lying in a considerably sharper drop in real economic performance expressed by the fall in output and consumption. VI Conclusion The paper aimed to estimate the DSGE model with the housing sector and to simulate the impacts of restrictive monetary policy based on alternative scenarios of LTV settings. We used the model proposed by Iacoviello (2005) . It contains

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The Looming Central and Eastern European Real Convergence Club. Do Implicit Tax Rates Play a Part?

Bulgaria. For the purpose of the paper, a panel data model was chosen because it allows a better control for individual heterogeneity, concentrates more informative data, more variability, less collinearity among the variables and more efficiency. The paper is an empirical contribution to the existing literature by extending previous analyses to a larger group of countries and includes taxation as a possibly relevant tool in the convergence process. The paper proceeds as follows: Section II Literature review , Section III Tracking selected real convergence

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