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Personal Bankruptcies From Macroeconomic Perspective

Author

Listed:
  • Jan KUBALEK

    (University of Economics, Prague)

  • Dagmar CAMSKA

    (Czech Technical University in Prague)

  • Jiri STROUHAL

    (Czech Technical University in Prague)

Abstract

Personal bankruptcies are traditionally discussed from legal, microeconomic or social point of view. This paper focuses on the development of personal bankruptcies in the Czech Republic during the time period 2008-2016 and aims to connect performance of economy and the development of personal bankruptcies. As statistical tools there are used descriptive statistics and regression and correlation analysis. For the economy performance are used the measures of GDP, unemployment rate, household indebtedness and share of debts in default. Based on the results of the analysis there shall be said that lower economic performance influences increasing number of personal bankruptcies. This conclusion has significant consequences for the government and its politics, banks and other financial institutions.

Suggested Citation

  • Jan KUBALEK & Dagmar CAMSKA & Jiri STROUHAL, 2017. "Personal Bankruptcies From Macroeconomic Perspective," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 5(2), pages 78-88, December.
    • Handle: RePEc:jek:journl:v:5:y:2017:i:2:p:78-88
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    File URL: http://ijek.org/files/IJEK_2-2017v5/IJEK-2-2017,v.5_kubalek,j.camska,d.strouhal,j..pdf
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    References listed on IDEAS

    as
    1. Jan Hospodka & Ondřej Buben & Monika Randáková & Jiřina Bokšová, 2017. "Personal Bankruptcy in the Czech Republic: Age and Gender of the Debtors and Structure of the Creditors," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2017(1), pages 5-18.
    2. Tullio Jappelli, 2010. "Economic Literacy: An International Comparison," Economic Journal, Royal Economic Society, vol. 120(548), pages 429-451, November.
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