National Repository of Grey Literature 232 records found  beginprevious118 - 127nextend  jump to record: Search took 0.00 seconds. 
Togo in ECOWAS and Slovakia in the EU: Comparison of Economic Development
Mihaldová, Veronika ; Cahlík, Tomáš (advisor) ; Ryska, Pavel (referee)
This bachelor thesis examines the economic development of Economic Community of West African States and the European Union. It analysis and compares these institutions in the first place. Then, it analysis the corresponding monetary union, the West African Economic and Monetary Union and the Economic Monetary Union. On the basis of theoretical background the focus is then put onto the comparison of economic development of Togo and Slovakia, two countries of which one represents ECOWAS and the WAEMU, and, on the contrary, the second one the EU and the EMU. From the empirical perspective, the thesis applies the econometric analysis of panel data consisting of 30 countries that are observed for the period of 10 years, from 2007 to 2016. Standard panel data methods are tested along with the dynamic panel data method and then compared. Consequently, the main aim of the thesis and its empirical part is to apply already developed econometric models, originally intended for different group of countries, on the data to see whether they can be used to explain economic development of ECOWAS and the EU. Keywords Togo, ECOWAS, Slovakia, European Union, comparative economics, economic develop- ment, analysis
Home Ownership vs. Renting: Comparison of Costs in the Czech Republic
Tláskalová, Andrea ; Hejlová, Hana (advisor) ; Cahlík, Tomáš (referee)
This thesis develops a cost-benefit analysis of ownership versus renting and investigates the net present values of these alternatives within three different investment and consumption strategies. In order to investigate interactions among the variables and to perform a more detailed analysis, microdata on real estate purchase offers and real estate rental offers are used. Due to the size of the real estate market and the diversity of property types, we focus our analysis on the real estates located in Prague. The thesis' results indicate that ownership is more profitable than renting under the conditions of only one group out of twelve. However, the thesis presents values of three key parameters of home ownership costs for which ownership would be equally profitable as renting. Finally, we attempt to explain the price-to-rent ratio using various apartment characteristics. The OLS regression method uncovers negative impact of the ground floor variable and the panel building variable on the ratio, resulting in higher relative affordability of buying when compared to renting. Number of rooms variable, on the contrary, shows positive impact on the ratio and an additional room in an apartment results in lower relative affordability of buying when compared to renting.
Comparative Analysis of Indian States
Mačejovský, Alexander ; Cahlík, Tomáš (advisor) ; Irinkov, Pavel (referee)
The crucial role of elementary education for development of individuals and the society can be hardly overrated. Yet in spite of all proclaimed efforts of Indian government focused on achieving universal school enrolment of 6 to 14 years old children, there are still more out-of-school children in India than in any other country in the world. Previous literature dedicated to the problem of elementary education enrolment and retention in India concentrated mainly on the influence of household and individual characteristics on enrolment decisions. The role of school quality received less attention. This thesis aims to bring more light on the effects that supply-side factors have had on enrolment rates in states and union territories of India throughout the 2008/09-2015/16 period. In addition, their impact on progress and retention of students in elementary education is also examined. The findings indicate that investing in building new classrooms or in textbooks incentives has been an effective approach in enhancing the examined outcomes, while factors like small schools or low education of teachers are among problems requiring special attention. Surprisingly, higher number of teachers has no evident positive relation with higher enrolment or retention of students, which might suggest an urgent need for...
How Much of the Macroeconomic Variation in Ukraine Originates From External Shocks?
Fedorova, Alona ; Baxa, Jaromír (advisor) ; Cahlík, Tomáš (referee)
iv Abstract In this thesis, we investigate the relative importance of foreign shocks in the Ukrainian economy by estimating a small-scale SVAR model with block exogeneity restriction over the period 2003:2 - 2016:12. We find that external shocks from the EU and Russia account for a significant share of the macroeconomic variation in Ukraine. In particular, external shocks account for up to 97 % of variance in Ukraine's output and 85 % in inflation. Remarkably, foreign monetary policy shocks (both from the EU and Russia) account only for a tiny share of variance in all Ukrainian macro variables. Finally, we show that the inclusion of Russia in the 'foreign' block is important to achieve correct model specification. Without accounting for the effects of the Russian economy, Ukrainian variables over-react to shocks originating from the EU. We conclude that the National Bank of Ukraine should closely track external developments to achieve inflation targets. JEL Classification E52, F41, F42 Keywords vector autoregression, foreign shocks, monetary policy, Ukraine Author's e-mail alonafedorova0@gmail.com Supervisor's e-mail jaromir.baxa@fsv.cuni.cz
Econometric Analysis of Inequality
Munduch, Pavel ; Cahlík, Tomáš (advisor) ; Moravcová, Michala (referee)
This bachelor thesis aims to explore the contemporary issue of income inequali- ty/equality in European context. Exploring the already existing literature and looking at unbalanced panel data from 41 European countries and observa- tions from the 1992-2014 period, this works seeks for anysystematic evidence of causal determinants in regards to incresing or reducing income inequality. Variables such economic growth, education, religion, tax, democracy or corrup- tion are included in the analysis. After carrying out the process of choosing fitting model, testing for serial correlation or heteroskedasticity and applying robust errors, the significant effects turned to be present in trade, taxes, cor- ruption and democracy areas. Implying that increase in trade to GDP ratio, improvingdemocracy,fightingcorruptionandincreasedtaxincomesresultin lower income inequality. JEL Classification Keywords income inequality, Gini coefficient, econometrics Author's e-mail pavelmunduch@gmail.com Supervisor's e-mail cahlik@fsv.cuni.cz
Happiness and Income
Machová, Veronika ; Cahlík, Tomáš (advisor) ; Pertold-Gebicka, Barbara (referee)
This thesis examines relationships between average national subjective well-being and three economic factors-income (expressed as gross domestic product [GDP] per capita), unemployment, and economic freedom-applying fixed effects, random effects, and correlated random effects methods on panel data for countries worldwide, which are divided into three groups based on their level of development. Two measures of subjective well- being-feeling of happiness, and life satisfaction-are used, and the outputs are then compared for both. The results indicate that all three factors have a significant impact on subjective well-being, and GDP per capita seems to be the strongest determinant thereof. Moreover, the findings differ depending on whether life satisfaction or happiness is used as the measure of subjective well-being. The effects of GDP per capita and economic freedom are higher on the former than the latter.
How Smart will be Europe 2020? A Panel Data Analysis.
Marková, Veronika ; Cahlík, Tomáš (advisor) ; Moravcová, Michala (referee)
This thesis analyses the targets for education under Europe 2020 strategy - early leavers from education and tertiary education attainment. The main objective is to predict the future development for these indicators up to 2020 and answer the question whether these targets will be fulfilled. From the empirical perspective, it applies econometric analysis of panel data based on human capital theory, that relates the education level of an individual with the parental education and the labour market conditions.
Pros and Cons of Minimum Wage
Krupa, Mikuláš ; Cahlík, Tomáš (advisor) ; Svačina, David (referee)
1 Abstract This thesis examines the relationship between the minimum wages and the job market on the case of 17 EU member countries. We found that minimum wages are indeed generally contributing to lower employment rates among young workers. Particularly, it is the teenagers that are being affected most significantly by the increases in the minimum wage. It is in line with the expectations that if minimum wages have impact on the labour market, then this influence is most visible on the groups that are more frequently earning minimum wages. Employment rate is a better indicator of minimum wage effects on the labour market as the effect on the unemployment rate is much less visible due to various mechanisms that people use to adjust to the new situation. Keywords: minimum wage, employment, labour market, jobs automation, income distribution
The Impact of Oil Prices in Norway on Macroeconomic Indicators
Bogren, Peter ; Horváth, Roman (advisor) ; Cahlík, Tomáš (referee)
This thesis analyzes the impact of oil price shocks on the selected macroeconomic variables in Norway for the period of 1990 till 2016. Lag-length test and structural vector autoregressive models are also applied to determine the oil price shocks effect on macroeconomic indicators. We are incorporating 1990 - 2016-time horizon to show the before-crisis, during and after the crisis oil price behavior. We will show that Norwegian oil prices have a strong and significant impact on exchange rate and export per capita. In the context of significant impact, we mean the oil prices will be dependent on these macroeconomic variables. We assume to have the correlation strong. We will show that oil price increase has opposite effect on export per capita and negative impact (decrease) on industrial production index. Last hypothesis states that oil price increase cause interest rate to rise and exchange rate to appreciate.

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