"CZ - \u010Cesk\u00E1 republika" . "Jank\u016F, Jan" . "Ekonomick\u00E1 revue - Central European Review of Economics Issues" . . . "RIV/61989100:27510/13:86086840!RIV14-MSM-27510___" . . . "16" . "S" . . . . . "Politicko-ekonomick\u00FD cyklus v \u010CR" . . "96967" . . "Politicko-ekonomick\u00FD cyklus v \u010CR" . "The political business cycle in the Czech Republic"@en . . "The political business cycle in the Czech Republic"@en . "Politicko-ekonomick\u00FD cyklus v \u010CR"@cs . "10"^^ . "Politicko-ekonomick\u00FD cyklus v \u010CR"@cs . . "27510" . "One of the failures of the political market is the existence of the politically motivated cycle, which id driven by the tendency of politicians to maximize their profit in elections by influencing macroeconomic indicators. The purpose of this article is to prove or contradict the existence of the political business cycle and to define its type in the Czech Republic. Specific political business cycle models are tested by using estimates from linear regression models. With the addition of the tested political variable, the linear regression model has an autoregressive form. This article analyses data from the first quarter of 1993 to the fourth quarter of 2012. We conclude, based on our empiric analysis, that in the Czech Republic it is possible to influence macroeconomic indexes during the pre-election period. Indexes are influence in the sense of the Nordhaus model of the political business cycle, which assumes the adaptive expectations of electors and opportunistic behavior by the political authorities."@en . "3" . "Election, fiscal policy, political business cycle, public choice theory"@en . . "Na politick\u00E9m trhu, podobn\u011B jako na trhu statk\u016F a slu\u017Eeb, mohou vznikat \u010Detn\u00E1 selh\u00E1n\u00ED. Jedn\u00EDm ze selh\u00E1n\u00ED na politick\u00E9m trhu je i existence politicky podm\u00EDn\u011Bn\u00E9ho cyklu, tedy cyklu, jen\u017E je vyvol\u00E1n snahou politik\u016F maximalizovat sv\u016Fj zisk ve volb\u00E1ch pomoc\u00ED ovliv\u0148ov\u00E1n\u00ED makroekonomick\u00FDch prom\u011Bnn\u00FDch. C\u00EDlem \u010Dl\u00E1nku je potvrzen\u00ED \u010Di vyvr\u00E1cen\u00ED existence politicko-ekonomick\u00E9ho cyklu (PEC) a ur\u010Den\u00ED jeho typu v prost\u0159ed\u00ED \u010Cesk\u00E9 republiky. Testov\u00E1n\u00ED jednotliv\u00FDch model\u016F PEC je provedeno pomoc\u00ED odhadu line\u00E1rn\u00EDho regresn\u00EDho modelu. Line\u00E1rn\u00ED regresn\u00ED model m\u00E1 autoregresn\u00ED formu s p\u0159id\u00E1n\u00EDm testovan\u00E9 politick\u00E9 prom\u011Bnn\u00E9. Analyzov\u00E1na jsou \u010Dtvrtletn\u00ED data od 1. \u010Dtvrtlet\u00ED 1993 po 4. \u010Dtvrtlet\u00ED roku 2012. Na z\u00E1klad\u011B empirick\u00E9 anal\u00FDzy lze konstatovat, \u017Ee v \u010Cesk\u00E9 republice m\u016F\u017Ee doch\u00E1zet k p\u0159edvolebn\u00EDmu ovliv\u0148ov\u00E1n\u00ED makroekonomick\u00FDch veli\u010Din, a to ve smyslu Nordhausova modelu politicko-ekonomick\u00E9ho cyklu, jen\u017E p\u0159edpokl\u00E1d\u00E1 adaptivn\u00ED o\u010Dek\u00E1v\u00E1n\u00ED voli\u010D\u016F a oportunistick\u00E9 chov\u00E1n\u00ED politik\u016F." . "1212-3951" . . "1"^^ . . "1"^^ . "[5F44F9CAFBDC]" . "Na politick\u00E9m trhu, podobn\u011B jako na trhu statk\u016F a slu\u017Eeb, mohou vznikat \u010Detn\u00E1 selh\u00E1n\u00ED. Jedn\u00EDm ze selh\u00E1n\u00ED na politick\u00E9m trhu je i existence politicky podm\u00EDn\u011Bn\u00E9ho cyklu, tedy cyklu, jen\u017E je vyvol\u00E1n snahou politik\u016F maximalizovat sv\u016Fj zisk ve volb\u00E1ch pomoc\u00ED ovliv\u0148ov\u00E1n\u00ED makroekonomick\u00FDch prom\u011Bnn\u00FDch. C\u00EDlem \u010Dl\u00E1nku je potvrzen\u00ED \u010Di vyvr\u00E1cen\u00ED existence politicko-ekonomick\u00E9ho cyklu (PEC) a ur\u010Den\u00ED jeho typu v prost\u0159ed\u00ED \u010Cesk\u00E9 republiky. Testov\u00E1n\u00ED jednotliv\u00FDch model\u016F PEC je provedeno pomoc\u00ED odhadu line\u00E1rn\u00EDho regresn\u00EDho modelu. Line\u00E1rn\u00ED regresn\u00ED model m\u00E1 autoregresn\u00ED formu s p\u0159id\u00E1n\u00EDm testovan\u00E9 politick\u00E9 prom\u011Bnn\u00E9. Analyzov\u00E1na jsou \u010Dtvrtletn\u00ED data od 1. \u010Dtvrtlet\u00ED 1993 po 4. \u010Dtvrtlet\u00ED roku 2012. Na z\u00E1klad\u011B empirick\u00E9 anal\u00FDzy lze konstatovat, \u017Ee v \u010Cesk\u00E9 republice m\u016F\u017Ee doch\u00E1zet k p\u0159edvolebn\u00EDmu ovliv\u0148ov\u00E1n\u00ED makroekonomick\u00FDch veli\u010Din, a to ve smyslu Nordhausova modelu politicko-ekonomick\u00E9ho cyklu, jen\u017E p\u0159edpokl\u00E1d\u00E1 adaptivn\u00ED o\u010Dek\u00E1v\u00E1n\u00ED voli\u010D\u016F a oportunistick\u00E9 chov\u00E1n\u00ED politik\u016F."@cs . . "RIV/61989100:27510/13:86086840" .