Open AccessPERSONAL BANKRUPTCIES FROM MACROECONOMIC PERSPECTIVE
Author(s) -
Jan Kubálek,
Dagmar Čámská,
Jiří STROUHAL
Publication year - 2017
Publication title -
international journal of entrepreneurial knowledge
Language(s) - English
Resource type - Journals
eISSN - 2336-2952
pISSN - 2336-2960
DOI - 10.37335/ijek.v5i2.61
Subject(s) - czech , personal income , unemployment , descriptive statistics , debt , economics , personal income tax , perspective (graphical) , bankruptcy , government (linguistics) , point (geometry) , politics , business , finance , macroeconomics , public economics , political science , gross income , philosophy , linguistics , statistics , geometry , mathematics , tax reform , artificial intelligence , computer science , law , state income tax
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.