National Repository of Grey Literature 7 records found  Search took 0.00 seconds. 
Exchange Rate Volatility and Trade: Trade in Intermediates versus Trade in Final Products
Ježek, Jan ; Semerák, Vilém (advisor) ; Cazachevici, Alina (referee)
This work represents an attempt to observe exchange rate volatility impact on international trade flows decomposed into intermediates and final products. Existing production chains are costly and sometimes risky to relocate. This thesis aims to test that belief and further, tests assumption that demand for final products is more elastic with respect to foreign exchange rate volatility than that with intermediates. It uses data from 2000 to 2014 and employs gravity model of trade on the sample of 43 countries. Country pair Fixed effects and Bonus Vetus OLS are then used as method of estimation. This work emphasizes proper theory-consistent estimation. It stays in line with contemporary empirical literature only a small negative overall effect is estimated. I find that when foreign exchange rate volatility grows by 10% trade is reduced by less than 0,5%. Regarding expected difference in effect of elasticities I however remain inconclusive.
Border Effect and Openness of Chinese Economy
Zacharuk, Pavel ; Semerák, Vilém (advisor) ; Cazachevici, Alina (referee)
The ratio of China's aggregate exports and aggregate imports to GDP has been decreasing in recent years, which seems to contradict many claims about China striving for increased openness about their economy. Our hypothesis is that the decrease might be connected with the development of GVCs and asymmetric improvement of transportation in China, driven by evolution of infrastructure. We have used simplified regionalization methods and regional input-output analysis in order to identify trend of interregional trade. The results show increase in interregional trade which does not refute this hypothesis.
Predicting Achievement of Selected Sustainable Development Goals
Kamenický, Léon ; Cahlík, Tomáš (advisor) ; Cazachevici, Alina (referee)
Bibliographic note KAMENICKÝ, Léon. Predicting Achievement of Selected Sustainable De- velopment Goals. Prague 2019. 66 pp. Bachelor thesis (Bc.) Charles Uni- versity, Faculty of Social Sciences, Institute of Economic Studies. Thesis supervisor doc. Ing. Tomáš Cahlík, CSc. Abstract The aim of this thesis is through using the appropriate tools of econometric analysis to identify some of the variables having impact on the development, whether positively or negatively, on selected Sustainable Development Goals. They became part of the agenda in United Nations back in 2015. As the sample used for the analysis contains observations on around 170 countries in a time period from 2000 till 2016, the panel data approach for economet- ric modeling is the most suitable to rely on. There are plenty econometric studies focused on analyzing the SGDs through cross-sectional examples, however only few of them are looking at them from a global perspective. The main findings of the analysis do not include only statistically significant explanatory variables identified. Supported by a concrete example, there is an evidence that some of the goals require more focus on proper data collect- ing on their corresponding indicator. This turns some of them to be hardly measurable and the simple tools of econometric analysis...
Repealing NAFTA: The impact on international trade with focus on Mexico
Kolář, Daniel ; Semerák, Vilém (advisor) ; Cazachevici, Alina (referee)
The North American Free Trade Agreement came into force in 1994 after long and emotive discussions. When Donald Trump became the US president in 2016, its future became uncertain, which motivates this paper to attempt to quantify the impact of its repeal. To do that, it uses a standard GTAP general equilibrium model and models an increase of intra-NAFTA tariffs to the derived MFN rates. It finds that NAFTA repeal would notably reduce intra-NAFTA trade and have a modest but negative impact on countries' welfare. NAFTA repeal is estimated to decrease Canadian GDP by 0.48%, US GDP by 0.39% and Mexican GDP by 0.06%. It would severely damage US-Mexico value chains and increase income inequality in Mexico by hurting unskilled workers more. Additional simulations are performed to control for variation in sectoral MFN rates and to observe the sensitivity of results to the choice of closure. The only positive of NAFTA repeal is that it might mitigate regional economic disparities in Mexico by damaging sectors concentrating their production near the US-Mexico border. 1
Risk in international trade
Svobodová, Michaela ; Paulus, Michal (advisor) ; Cazachevici, Alina (referee)
The aim of this thesis is to define and classify international trade risks and provide an overview of key types of international trade operations. Furthermore, it describes the process of risk analysis, including the following decision-making, and outlines the most important tools in risk mitigation. Most importantly it uses a micro-founded gravity model to find a link between political risk indicators and international bilateral trade flows. Results were estimated using OLS and Poisson pseudo-maximum likelihood estimator and multilateral resistance terms were approximated with use of Taylor series and dummies. Key words: International trade, Risk, Political risk, Gravity model
Czech and Chinese Trade Relationships: Evaluation and Impact
Jakab, Miroslav ; Semerák, Vilém (advisor) ; Cazachevici, Alina (referee)
Czech and Chinese Trade Relationships: Evaluation and Impact Miroslav Jakab Abstract The focus of this work is an analysis of the economic relationships between the Czech Republic and China. This is done by calculating indirect trade flow estimates from national input-output tables to provide a full picture of the trade relations. A Computable General Equilibrium (CGE) model is then used in order to evaluate the interconnectedness of the two economies based. The findings reveal a picture of relatively low influence concerning general welfare changes, which can nevertheless bring benefit or loss to particular industries involved.
The determinants of access to finance: evidence for transition economies
Cazachevici, Alina ; Horváth, Roman (advisor) ; Benáček, Vladimír (referee)
Charles University in Prague Faculty of Social Sciences Institute of Economic Studies MASTER THESIS The determinants of access to finance. Evidence for transition economies Author: Alina Cazachevici Supervisor: Roman Horvath, Ph.D. Academic Year: 2012/2013 Abstract The thesis provides an empirical analysis of impact of country-level and firm-level determinants on access to finance in transition economies. Generalized Ordered Logit model is applied on survey data for transition countries, combined with financial market indicators. The results show that higher concentration in banking sector, as well as higher financial deepening have a positive impact on access to finance, while volatile macroeconomic environment, higher implication of foreign-owned and state- owned banks seems to be perceived as increasing obstacles in accessing external financing. Combining indexes for liberalization in banking sector and liberalization of securities markets proved that before liberalization process firms had better access to finance. One of the possible explanations is that before liberalization state banks were forced by politicians to issue more loans, while after reforms the political pressure was removed, imposing stricter conditions for loan granting. Inclusion of corruption variable yields expectable results that...

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