Have a personal or library account? Click to login

Forecasting Future Salaries in the Czech Republic Using Stochastic Modelling

Business Systems Research Journal
Volume 4 (2013): Issue 2 (December 2013)
By:
Open Access
|Jan 2014

References

  1. 1. Bhattacharya, P.S., Thomakos, D.D. (2008), “Forecasting industry-level CPI and PPI inflation: Does exchange rate pass-through matter?” International Journal of Forecasting, Vol. 24, No. 1, pp. 134-150.10.1016/j.ijforecast.2007.06.002
    Search in Google Scholar
  2. 2. Box, G.E.P., Jenkins, G. (1970), Time series analysis: Forecasting and control, San Francisco, Holden-Day.
    Search in Google Scholar
  3. 3. Bucevska, V. (2012), “An Empirical Evaluation of GARCH Models in Value-at-Risk Estimation: Evidence from the Macedonian Stock Exchange”, Business Systems Research, Vol. 4, No.1, pp. 49-64.10.2478/bsrj-2013-0005
    Search in Google Scholar
  4. 4. Engle, R.F. (1995), ARCH: selected readings, Oxford: Oxford University Press.
    Search in Google Scholar
  5. 5. Evans, G.W., Honkapohja, S. (2001), Learning and Expectations in Macroeconomics.Princeton: Princeton University Press.10.1515/9781400824267
    Search in Google Scholar
  6. 6. Even, W.E., MacPherson, D.A. (1996), “Consequences of minimum wage indexing”, Contemporary Economic Policy, Vol.14, No.4, pp.67-77.10.1111/j.1465-7287.1996.tb00634.x
    Search in Google Scholar
  7. 7. Hanes, Ch. (2010), “The rise and fall of the sliding scale, or why wages are no longer indexed to product prices”, Explorations in Economic History, Vol.47, No.1, pp. 49-67.10.1016/j.eeh.2009.05.006
    Search in Google Scholar
  8. 8. Hommes, C., Lux, T. (2013), “Individual expectations and aggregate behavior in learning to forecast experiments”, Macroeconomic Dynamics, Vol.17, No.2, pp. 373-401.10.1017/S1365100511000162
    Search in Google Scholar
  9. 9. Ivanov, O., Vaseashta, A. (2013), “A method for fast and contactless control of raw materials”, Ceramics International, Vol. 39, No. 3, pp. 2903-2907.10.1016/j.ceramint.2012.09.064
    Search in Google Scholar
  10. 10. Janáček, K., Komárková, Z., Hlaváček, M., Komárek, L. (2012),“Impacts Of The Sovereign Default Crisis On The Czech Financial Sector” Czech National Bank: Financial Stability Report, pp. 118-128.
    Search in Google Scholar
  11. 11. Jarque, C.M., Bera, A.K. (1980), „Efficient tests for normality, homoscedasticity and serial independence of regression residuals“, Economics Letters, Vol. 6, No. 3, pp. 255-259.10.1016/0165-1765(80)90024-5
    Search in Google Scholar
  12. 12. Jeřábková, V., Zelený, M. (2011), „Czech Labour Market Development in the Period of the Recent Economic Downturn - A Combined View from the Employment and Wage Statistics“, in Zdrój, L. (Ed) (2011), AMSE - Applications of Matematics and Statistics in Economy. Wroclaw: Uniwersytet Ekonomiczny.
    Search in Google Scholar
  13. 13. Langhamrová, J., Šimpach, O. (2012), „The Income Inequality of Business and Nonbusiness Sphere in the Czech Republic“, In: Nerovnosť a chudoba v Európskej únii a na Slovensku. Košice : Ekonomická fakulta TU, pp. 113-122. Text in Czech.
    Search in Google Scholar
  14. 14. Montiel, P., Servén, L. (2006), “Macroeconomic Stability in Developing Countries: How Much Is Enough?”, World Bank Research Observer, Vol. 21, No. 2, pp. 151-178.10.1093/wbro/lkl005
    Search in Google Scholar
  15. 15. Okafor, L. E., Tyrowicz, J. (2010), “Saving less when there is more foreign lending? Foreign debt and savings in developing countries”, Journal of Economic Policy Reform, Vol. 13, No. 3, pp.213-223.10.1080/17487870.2010.503081
    Search in Google Scholar
  16. 16. Pejić-Bach, M. (2003),“Surviving in an environment of financial indiscipline: a case study from a transition country.” System Dynamics Review, Vol. 19, No. 1, pp. 47-74.10.1002/sdr.253
    Search in Google Scholar
  17. 17. Plašil, M., Kubicová, I. (2012), “Contingent Claims Analysis And The Inter-Sector Transmission Of Credit Risk.” Czech National Bank: Financial Stability Report, pp. 129-139.
    Search in Google Scholar
  18. 18. Shepherd, B. (2012), “When are adaptive expectations rational? A generalization”, Economics Letters, Vol. 115, No. 1, pp. 4-6.10.1016/j.econlet.2011.11.017
    Search in Google Scholar
  19. 19. Smrčka, L., Arltová, M. (2012), “Increasing Threat of a „Total Financial Crisis” in the Upcoming Years.” International Journal of Mathematical Models and Methods in Applied Sciences, Vol. 6, No. 1, pp. 782-790.
    Search in Google Scholar
  20. 20. Šimpach, O, Langhamrová, J. (2012), „The Expected trends in the Development of Employment. The Prediction of Employed Persons in Selected Non-manufacturing Sectors“. Fórum sociální politiky, Vol. 6, No. 4, pp. 11-17.
    Search in Google Scholar
  21. 21. van den Berg, R., Ma, W.J. (2012), “Robust averaging during perceptual judgment is not optimal”, Proceedings of the National Academy of Sciences of the United States of America, Vol. 109, No. 13, pp. 13341-13346.10.1073/pnas.1119078109
    Search in Google Scholar
  22. 22. Zelený, M. (2001), „A view of income poverty in the CR, using EU methodology“. Statistika, Vol. 38, No. 11, pp. 458-467.
    Search in Google Scholar
DOI: https://doi.org/10.2478/bsrj-2013-0009 | Journal eISSN: 1847-9375 | Journal ISSN: 1847-8344
Journal RSS Feed
Language: English
Page range: 4 - 125
Published on: Jan 22, 2014
Published by: IRENET - Society for Advancing Innovation and Research in Economy
In partnership with: Paradigm Publishing Services
Publication frequency: 2 times per year
Keywords:
Random walk,
ARIMA,
Average Gross Monthly Wage,
Monthly Wage Medians,
Consumer Price Index,
stochastic trend
Related subjects:
Business and economics,
Business management,
Management, organization, corporate governance,
Business management, other,
Mathematics and statistics for economists,
Mathematics

© 2014 Ondřej Šimpach, Jitka Langhamrová, published by IRENET - Society for Advancing Innovation and Research in Economy
This work is licensed under the Creative Commons License.

Volume 4 (2013): Issue 2 (December 2013)Next article