Proceedings of the 22nd International Scientific Conference on Applications of Mathematics and Statistics in Economics (AMSE 2019)

Development of regional price levels in the Czech Republic

Authors
Petr Musil, Jana Kramulová
Corresponding Author
Petr Musil
Available Online October 2019.
DOI
https://doi.org/10.2991/amse-19.2019.4How to use a DOI?
Keywords
regional price levels, methodological issues, Czech NUTS 3 regions, comparison, update
Abstract
Regional price levels attract attention of researchers as well as of general public due to the fact that regional price differences influence the interpretation of regional indicators. The current international approach reflects just price differences among countries, and regional disparities are excluded from the calculation. Official statistics is not able to capture them mainly due to the lack of detailed regional data sources. However, in several countries including the Czech Republic, researchers estimated regional price levels using various approaches. This activity has been widely appreciated and the results have been applied in wage analyses, doctoral theses, further research, etc. The research team of the University of Economics in Prague first developed the methodology and estimated regional price levels in the Czech Republic for the year 2007. The next estimate for the year 2012 considered changes brought by the new standard of national accounts, new methods of data collection, etc. The aim of this paper is to assess the ongoing applicability of the existing methodology and estimate regional price levels for the year 2017 in Czech NUTS 3 regions. The main contribution is to answer the demand for updated estimates. Longer time series permit analyzing changes in regional price levels and in the trends of real indicators that are adjusted to price levels. The analysis also provides a useful tool for the research community for assessing the convergence of Czech regions.
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Proceedings
22nd International Scientific Conference on Applications of Mathematics and Statistics in Economics (AMSE 2019)
Part of series
Atlantis Studies in Uncertainty Modelling
Publication Date
October 2019
ISBN
978-94-6252-804-8
ISSN
2589-6644
DOI
https://doi.org/10.2991/amse-19.2019.4How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Petr Musil
AU  - Jana Kramulová
PY  - 2019/10
DA  - 2019/10
TI  - Development of regional price levels in the Czech Republic
BT  - 22nd International Scientific Conference on Applications of Mathematics and Statistics in Economics (AMSE 2019)
PB  - Atlantis Press
SP  - 30
EP  - 38
SN  - 2589-6644
UR  - https://doi.org/10.2991/amse-19.2019.4
DO  - https://doi.org/10.2991/amse-19.2019.4
ID  - Musil2019/10
ER  -