MIKULA, Štěpán. On the Predictability of Institutional Environment. In Martin Dlouhý, Veronika Skočdopolová. Mathematical Methods in Economics 2011. 1st ed. Prague: University of Economics, Prague, Faculty of Informatics and Statistics, 2011, p. 486-491. ISBN 978-80-7431-058-4.
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Basic information
Original name On the Predictability of Institutional Environment
Name in Czech K prediktabilitě instititucionálního prostředí
Authors MIKULA, Štěpán (203 Czech Republic, guarantor, belonging to the institution).
Edition 1st ed. Prague, Mathematical Methods in Economics 2011, p. 486-491, 6 pp. 2011.
Publisher University of Economics, Prague, Faculty of Informatics and Statistics
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50200 5.2 Economics and Business
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
RIV identification code RIV/00216224:14560/11:00053058
Organization unit Faculty of Economics and Administration
ISBN 978-80-7431-058-4
UT WoS 000309074600080
Keywords in English Institutional environment predictability time-series ARI process economic performance
Tags International impact, Reviewed
Changed by Changed by: doc. Ing. Štěpán Mikula, Ph.D., učo 137451. Changed: 21/12/2011 11:07.
Abstract
The aim of this paper is to develop method for evaluating the predictability of the institutional environment. It is based on standard time-series analysis and suggests two measures of predictability. This method is applied on development of property rights protection level which is approximatively described by index based on expert evaluation from International Country Risk Guide (ICRG). Obtained measures of predictability are tested using econometric model with cross-sectional data and recognized as a significant predictor of economic performance.
Links
MUNI/A/0912/2010, interní kód MUName: Vybrané aspekty institucionálního prostředí (Acronym: VASIP)
Investor: Masaryk University, Category A
1M0524, research and development projectName: Centrum výzkumu konkurenční schopnosti české ekonomiky
Investor: Ministry of Education, Youth and Sports of the CR, Research Centre for the Competitiveness of the Czech Economy
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