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Czech economy on a way back to growth


  • Kamil Janáček
  • Martin Čihák
  • Marie Frýdmanová
  • Tomáš Holub
  • Eva Zamrazilová


The paper contains an analysis of the current trends in the Czech economy, and a short-term outlook for 2000. The authors claim that the economy is going through a gradual turn from recession to stagnation and to a slight recovery. The main factors of the turn toward revival are exports, followed by private household consumption, while government consumption contributed only slightly to the increase of domestic demand. The authors see the main potential risk for the year 2000 in the need to stabilise economic growth and achieve its further acceleration. The success will mainly depend on a fast removal of financial barriers which the majority of Czech firms is now facing. Further inflow of foreign capital, growing competition pressures in the financial sector, the growth of exports, and a gradual increase of domestic demand are likely to help to overcome these barriers.

Suggested Citation

  • Kamil Janáček & Martin Čihák & Marie Frýdmanová & Tomáš Holub & Eva Zamrazilová, 2000. "Czech economy on a way back to growth," Prague Economic Papers, University of Economics, Prague, vol. 2000(2).
  • Handle: RePEc:prg:jnlpep:v:2000:y:2000:i:2:id:70

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    References listed on IDEAS

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    5. Berry, Steven T, 1992. "Estimation of a Model of Entry in the Airline Industry," Econometrica, Econometric Society, vol. 60(4), pages 889-917, July.
    6. Fageda, Xavier, 2014. "What hurts the dominant airlines at hub airports?," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 70(C), pages 177-189.
    7. Marco Alderighi & Alessandro Cento & Peter Nijkamp & Piet Rietveld, 2004. "The Entry of Low-Cost Airlines: Price Competition in the European Airline Market," Tinbergen Institute Discussion Papers 04-074/3, Tinbergen Institute.
    8. Guillaume Burghouwt & Pablo Mendes De Leon & Jaap De Wit, 2015. "EU Air Transport Liberalisation Process, Impacts and Future Considerations," International Transport Forum Discussion Papers 2015/4, OECD Publishing.
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