National Repository of Grey Literature 8 records found  Search took 0.00 seconds. 
Impact of tax rate differences on profits of US multinationals
Kvorka, Matej ; Janský, Petr (advisor) ; Herman, Dominik (referee)
Profit shifting has become a global issue over the last decades. Multinational enterprises' profit-maximizing strategies negatively impact government revenues. In the model, we capture profit shifting incentives through international tax rate differences, considering the extent of economic activities and profit shifting costs. In this thesis, we exploit the country-by-country reporting data recently published by the Organisation for Economic Co-operation and Development. We estimate a semi-elasticity of reported profits with respect to the tax rate difference of 1.44. We calculate that US-based multinational enterprises shift between 74 and 186.7 billion dollars out of the United States. Contrary to our expectations, we do not find US-based multinational enterprises to be more sensitive to tax rate differences compared to other countries covered in the dataset. Finally, we express the need for the transformation of our tax variable to account for non-linearities.
Price transmission among biofuels and related commodities
Kravec, Peter ; Janda, Karel (advisor) ; Herman, Dominik (referee)
This thesis investigates the price transmission among ethanol and its feedstock on the Brazilian and US market. The price transmission among biodiesel and its feedstock on the European and US market was also analyzed. The prices of commodities related to the biofuels are examined under the Johansen co-integration test followed by the Vector Error Correction Model over the period between 2003-2020. The period was further divided into 4 periods, that capture the development of world food prices. Together we had 858 weekly observations mostly captured on Friday. In most cases, our result indicates a co-movement, the strength of which changes over periods. The price transmission was not confirmed among US ethanol and related commodities.
Capturing the Effects of Renewable Resources on Electricity Prices: Evidence from the Czech Republic
Zítek, Jan ; Krištoufek, Ladislav (advisor) ; Herman, Dominik (referee)
In this thesis, we investigate the impact of intermittent renewable energy sources on the level and volatility of the Czech electricity spot prices dur- ing the period from 2015 to 2019. The analysis is warranted due to the obligations of the member states of the European Union to augment the share of clean energy in the gross final energy consumption by 2030. The technique applied in the empirical part concerns univariate GARCH-class models (namely, plain vanilla and exponential) which are extended with additional explanatory variables in the form of total load, solar and wind power generations. By constructing daily, peak and off-peak indices from the dataset comprised of hourly observations, we establish a comparative framework throughout the text. More specifically, this approach allows us to contrast price dynamics under the regimes of high and low demand for electricity as well as to explore the patterns of solar and wind production. The findings indicate that both Czech solar and wind power sources induce the so-called merit order effect. In contrast, once the volatility of electric- ity prices is taken into account, the examined sources of energy behave in a different manner. Owing to the daily index, while solar power generation decreases the volatility of electricity prices, the opposite...
Biofuels-economical and ecological impact
Kalous, Václav ; Janda, Karel (advisor) ; Herman, Dominik (referee)
Bachelor's Thesis Proposal Institute of Economic Studies Faculty of Social Sciences Charles University in Prague Author's name and surname: Václav Kalous E-mail: vaclavkalous1@gmail.com Phone: 731214182 Supervisor's name: prof. Ing. Karel Janda, M.A., Dr., Ph.D. Supervisor's email: Karel-Janda@seznam.cz Notes: Please enter the information from the proposal to the Student Information System (SIS) and submit the proposal signed by yourself and by the supervisor to the Academic Director ("garant") of the undergraduate program. Proposed Topic: Biofuels- economic and ecological impact. Preliminary scope of work: Research question and motivation The issue of provision of energy for the vast population of planet Earth remains one of the biggest challenges for the humankind today. Sources such as fossil fuels are limited and will be depleted one day, so it is evident that we must seek for renewable resources to provide for our everyday needs. Even though complete depletion of fossil fuels is still quite far away, new energy resources are already on the scene. This is mainly due to environmental reasons, because fossil fuels are in fact believed to be the worst possibility from the ecological point of view. One of the frequently used renewable resources are biofuels, however these are subject to controversy because...
What Are the Elements with Strongest Impact on Life Expectancy?: A Study Focused on the United Mexican States During Recent Years
Nedvěd, Vojtěch ; Paulus, Michal (advisor) ; Herman, Dominik (referee)
In this thesis, we focus on the determinants of life expectancy at birth in Mexico's federative entities. The aim is to consider three selected variables determining life expectancy - health care expenditures, unemployment, and school enrolment. We use panel data for up to 21 year period (1994-2014) controlling for already well-examined determinants (vaccination coverage, literacy rate, and infant mortality rate). Fixed e↵ect or random e↵ect estimation is applied according to the hypo- theses. Robustness test is performed using Principal Component Analysis including proxies of the main four groups of variables a↵ecting life expect- ancy - economic, social, health care and environmental. The results suggest a positive e↵ect of health care expenditures on life ex- pectancy at birth. However, a significant e↵ect of unemployment or primary school enrolment is not confirmed. Principal Component Analysis suggests the existence of additional determinant related to health care expenditures a↵ecting life expectancy. This thesis contributes to the debate on discussed variables (healthcare expenditures, unemployment, and primary school enrollment) related to life expectancy. We also extend the limited research on life expectancy in Mexico and Latin America.
A Meta-Analysis of FDI Spillovers in China
Herman, Dominik ; Havránek, Tomáš (advisor) ; Semerák, Vilém (referee)
Assessment of the foreign direct investment (FDI) spillovers in the People's Republic of China (PRC) has become a lively area of research in the past decades; nonetheless, the existing primary literature seems to be inconclusive. The present thesis revises the literature through a meta-analytical approach using Bayesian Model Averaging (BMA). Considering that the previous liter- ature reviews are of either inferior quality or incomparable focus, our research is based on a collection of 1081 estimates from 14 primary studies published between 2007 and 2017 comprising data from 1995 to 2012. A variety of 85 characteristics of the observations is coded whilst we employ at least 30 of these within each BMA estimation. Through separate testing of individual spillover measures (horizontal, forward, and backward), an extensive evidence of publication bias is collected for horizontal spillovers in PRC-exaggerating the mean magnitude of the reported estimates. Finally, the thesis identifies that the spillover effect from FDI inflows originating from the area of Hong Kong, Macau, and Taiwan is systematically different from the others. JEL Classification O1, O3, O4 Keywords FDI, spillover effect, China, PRC, meta- analysis, publication bias, BMA Author's e-mail hermandominik@gmail.com Supervisor's e-mail...
Does Daylight Saving Time Save Energy?: A Meta-Analysis
Herman, Dominik ; Havránek, Tomáš (advisor) ; Zeynalov, Ayaz (referee)
Daylight saving time energy savings have always represented a contentious topic requiring empirical evidence for, or against. Unfortunately, as the conclusions are miscellaneous-without an evident pattern of heterogeneity occurrence-insisting on particular case studies and narrative literature reviews seems to be insufficient. In this thesis, set of various studies concerning the effect of daylight saving time on energy savings is examined through meta-regression analysis to provide an accurate estimate of the effect corrected from publication bias, and other distorting and deflecting effects. We find that the mean reported estimate in the literature suggests 0.3% energy savings; our results suggest no signs of publication bias. On the contrary, the study design turned to be a substantial determinant of the primary literature findings. The thesis provides a unique overview for this is the first meta-analysis conducted on the daylight saving time energy savings. Powered by TCPDF (www.tcpdf.org)

See also: similar author names
2 Herman, Daniel
4 Herman, David
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