Journal of Economics - Obsahy ročníkov

In Slovak economy a structure of income (on macro-level) has formed, which is far from the usual income structure in advanced economies. The wage share significantly lagged (and declined further). The wages were largely substituted by mixed income of self-employed persons. This kind of income restructuring is associated with risks for some segments of public finance (especially for sectors financed from social contributions). While the economic performance level converged gradually to the level of most advanced economies, the income structure was more on the path of divergence. Changes in the income structure were driven by shifts in sec-toral composition of the economy (e.g. expansion of branches with low wage share), but also by technological progress within sectors and branches (e.g. growth of capital intensity). Keywords: income, wage share, value added, national accounts JEL Classification: E24, J30, J31

This paper empirically looks at the contribution of labour force education to the speed at which relatively poor economies are converging to the income per capita level of richer economies. While there is a bulk of empirical studies in addressing the links between human capital and economic growth, this paper makes an endeavour to use a less frequently used proxy for human capital, i.e. the education of the labour force at various levels and investigates whether we can explain cross-country variation in economic growth with variation in labour force education. Using the data of EU-26 countries in the period (1995 – 2009) and based on a three-period data and five-year interval non-overlapping panel, the paper finds that labour force education helps countries to grow at a faster rate. Keywords: labour force education, convergence, economic growth, income disparity, empirical analysis JEL Classification: O18, O47, C23

The financing of higher education has become a long-range, crucial topic for many governments worldwide. As a part of it, there has also been a big discussion about the possible participation of private sources in financing of the tertiary education in the Czech Republic. The objective of the paper is to analyze and test students’ expectations about their future incomes and to bring a new quantitative argument to the discussion about the implementation of tuition fees at Czech public universities. The authors analysed data from a large survey among students of selected faculties of economics as well as factors which might influence students’ income expectation. The findings provide inspiring comparison and confirm high returns from investment in higher education. Keywords: tertiary education, rate of return, expectation, income, tuition fee, median, Man-Whitney Wilcoxon W-test JEL Classification: I22, H52

Authors present results of the international research GLOBE Student concerning Slovakia and Slovenia. The nine cultural dimensions, on the basis of which the comparative analysis of obtained data was realized, significantly influence various aspects of management and organizational behavior. Authors pose several research questions: How do the perceptions of Slovak and Slovenian respondents concerning the cultural practices differ? How do the cultural values of Slovak and Slovenian sample of respondents differ? Which leadership styles are preferred by the Slovak respondents? Do their preferences in this regard differ from the preferences of their Slovenian counterparts? Based on the research results, could be a cultural convergence between these two societies expected? Keywords: GLOBE Student project, culture, leadership styles, intercultural communication, Slovakia, Slovenia JEL Classification: M16

In paper we try to introduce an alternative framework of post-socialist study, which includes the knowledge of evolutionary and institutionally economy. We aimed at issues of terminology of post-socialist transformation and an overview of opinions on its development including spatial aspects. Specifically, the question how to define and date the final stage of transformation process was emphasized. We assumption that, post-socialist transformation is considered to be a temporary stage divide into several period, which is followed by societal development in conditions of post-industrial society. Keywords: transformation, transition, economic globalization and integration, post-socialist society, evolutionary perspective JEL Classification: P20, P21, P24, P30