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Economic aspects of PPP projects
Brandlová, Šárka ; Jílek, Josef (advisor) ; Drahotský, Daniel (referee)
Thesis is focused on the analysis of the application Public Private Partnership within the financing of public infrastructures projects. Public infrastructure financing has traditionally lain in the domain of public sector. A tightening of many countries' budgets recently has led to an exploration of alternative resources for financing transport infrastructure as e.g. PPP. The aim of the thesis is to compare or evaluate which form of financing (PPP or using only public finance esp. issue of public bonds) is more effective. The thesis is separate into 2 important parts, theoretical and practical. The theoretical part of the thesis provides the general description of PPP projects, international experiences and about the legal and institutional framework within the EU and Czech Republic. Practical part of the thesis is focused on the main advantages and disadvantages of PPP projects. Here is also part devoted to the financial models using for the comparison which form of financing (PPP or traditional public procurement) is more efficient. Conclusion of the thesis summarizes the gained findings and also assesses which form of financing is more efficient.
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Economic and Monetary Union - Basics of the theory of OCA versus Maastricht criteria
Paráková, Veronika ; Petrášek, František (advisor) ; Drahotský, Daniel (referee)
In my diploma thesis, I study optimality of the European Economic and Monetary Union on basis of principles of the Theory of Optimum Currency Areas -- OCA, with special attention to the criterion defined by R.A.Mundell. I point out some rigidities of the European labor market because of which this criterion is not met. On basis of an assumption that the more countries meet these criteria, the more suitable candidates for an entry of the monetary union they are, I reach a conclusion that EMU is not an optimal monetary zone. Nonetheless, the thesis does not ignore a hypothesis of the endogenous character of the OCA theory criteria, i.e. that they can be met even after an entry of the monetary union. Furthermore, with respect to the OCA theory criteria, I study appropriateness of the set Maastricht Convergence Criteria for evaluation of preparedness of countries for an entry of the EMU. The thesis also deals with potential revenues and costs of the introduction of euro in the Czech Republic. At the end of the thesis, I suggest potential alternatives of future development of EMU with respect to the current problems of the monetary union.
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The evaluation of the effectiveness of funds spent on human resources
Galuszková, Věra ; Zemplinerová, Alena (advisor) ; Drahotský, Daniel (referee)
The graduation thesis attends to the problems concerning the financing of the development of human resources from the Structural funds of EU. In the first part it concentrated on the European Union Structural policy and Operational programme Human resource development. In the next part it described the monitoring system for Measures 3.2 Support for tertiary education, research and development (based on my own experience at Ministry of Education, Youth and Sports). The main object of the paper was to analyse effectiveness of the finances allocated by the programme through the Questionnaire research which was oriented on the applicants, both successful and unsuccessful ones. The result of this analysis is set of thesis about benefits, problems of clerical staff and experiences from the first drawing from the Structural funds of EU.
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Credit Rating Market and the Current Situation in this Market (Frequent Criticism)
Kolcunová, Martina ; Štěpánek, Pavel (advisor) ; Drahotský, Daniel (referee)
Importance of rating/credit rating agencies' role has recently significantly increased. Rating has become an integral part of the financial, capital markets. Yet this market (i.e. credit rating market) is not subject to regulation (the market works on the basis of a self-regulation principle) which is the fact widely used as a basis for the criticism of this industry in the light of recent events in the financial markets (the collapse of Enron, Parmalat, and other companies, lately followed by a collapse of the subprime mortgage market). The paper outlines the (monopoly) structure of the rating industry in the U.S. and the EU, discusses the new roles of rating in the regulation (e.g. regulation of the banking sector, BASEL II) as well as potential barriers for the market entry. The paper also addresses potential conflicts of interest and lack of regulation which can be observed in the industry.
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The adoption of the european currency in Slovakia - aplication for Czech republic
Kolenič, Ondrej ; Jílek, Josef (advisor) ; Drahotský, Daniel (referee)
The diploma thesis deals with detailed description of adoption the european currency in Slovakia. The opening focus is dedicated to the transformation of Czechoslovakian economy, upon which the current monetary policy has been built. Next section depicts Slovak pro-european policy that culminates in entering the European monetary union. The center point of the thesis closely anatomizes changes that the new course of monetary policy has brought and defines benefits and costs of introducing Euro. By means of the analyze, established findings are applied on specifications of Czech republic.
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Innovation and Bussines sector in the Czech Republic
Vokoun, Marek ; Zemplinerová, Alena (advisor) ; Drahotský, Daniel (referee)
My investigations based on wide cross-section analysis of 5128 firms in Czech Republic (1998-2006) present some evidence of their behaviour in field of innovations. Business sector relationship to technological change is characterized by following findings (ceteris paribus): 1) Size of a firm (given by capital, employees and total sales) has ambiguous relation to total number of R&D workers. 2) There is negative relationship between concentration and number of R&D workers. 3) Competition is positively associated with intensive using of intellectual property rights (given by intangible assets). 4) Benefits of in-house R&D that is represented by total number of R&D workers come with multiplicative relation towards total sales. 5) Companies owned by foreigners substantially contribute to total R&D activity in Czech Republic and there is some evidence of technological transfer.
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