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Integration of Turkey into the European Union
Švec, Ondřej ; Glazar, Ondřej (advisor) ; Dingová, Vilma (referee)
Integration into the European Union is a chance for candidate countries to catch up with the average income level in the current member states. This study shows economic impact of Turkey's membership on foreign trade between EU countries and Turkey and also shows impact on EU budget. To gauge the effect of Turkey's accession the gravity model of trade was used. It has been estimated that the trade effect of membership implies 60% increase in trade volume. The dynamic model find out that shared EU membership could lead to 5% increase in trade every year for next ten years and it could represent 1% annual growth rate of Turkey's GDP. Economic impact of growth in EU exports to Turkey will be rather small, more important for current EU members are consequences of Turkey's integration on EU budget. The estimated cost of subsidies for Turkey lies between 0.09% and 0.23% of EU's GDP assuming current financial framework. The total subsidies will amount up to 5.5% of Turkish GDP. These results suggest that EU membership, particularly its effect on trade and EU budget, could lead to large economic gains for the new member states with some costs for current EU members.
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Economic integration in the EU : competitiveness and convergence
Novak, Elza ; Cahlík, Tomáš (advisor) ; Makarova, Svetlana (referee)
The EU's lagging economic growth and global competitiveness require the pro- motion of technological innovation, the key determinant of long term economic growth. On the other hand, increasing disparities among EU member states require the promotion of convergence as they may threaten the EU's economic feasibility and political viability. Cohesion policy has adopted the dual role for the promotion of EU global competitiveness and EU economic cohesion; concepts incompatible by nature. The objectives of Europe 2020, specifically the promotion of technological innovation through investment in R&D, are as- sessed in terms of their compatibility with the objectives of Cohesion policy, specifically the reduction of disparities within the EU. An analysis of conver- gence in the EU determines that both beta convergence and sigma convergence are taking place, although large disparities in GDP per capita persist. An em- pirical analysis of the relative effects on GDP per capita of investment in R&D and investment in human capital determines that investment in human capital plays a significant role. Thus, key policy focus areas that meet the objectives of both Europe 2020 and Cohesion policy include investment in human capital as well as purposive diffusion of technology within the EU and the distribution of the...
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Political and economic integration in the western hemisphere
Escobar, Renata ; Calda, Miloš (advisor) ; Raška, Francis (referee) ; Dvořáková, Vladimíra (referee)
The dissertation thesis focuses on political and economic integration in the Western Hemisphere. In the first part the paper compares two major regional trading blocs, North American Free Trade Agreement and Mercosur. Through the discourse and metaphor analysis shows differences between the respective blocs, as well as their objectives. Second part deals with US foreign policy in its historical context in relation to other nations within the region, and transformaton of this relationship into current policy of bilateral 4 free trade agreements. Discourse analysis of the key texts and revealed dominance metaphors suggest that the United States uses bilateral free trade agreements to maintain control over the region. Keywords USA, Mexico, Latin America, Western Hemisphere, NAFTA, Mercosur, bilateral free trade agreements, discourse analysis, metaphors, foreign policy, manifest destiny, integration
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Influence of Economic Crisis on The Integration of European Union
Bartušková, Hana ; Karpová, Eva (advisor) ; Němcová, Ingeborg (referee) ; Křelinová, Jana (referee) ; Kučerová, Zuzana (referee)
This thesis focuses on the changes in the European Union due to the economic crisis in 2008/2009. The thesis defines an integrational system of the European Union and the changes in the system that bring some changes to the economic integration of the European Union. The main research question is whether the economic crisis brings the deepening of the economic integration or some desintegration tendencies in the European Union. The main part is the analysis of the free movement of goods, services, people and capital on the single market in the European Union. With an accent on the analysis of the institutional integration in the European Union. The thesis looks into the connection between the instutional and real integration of the European Union and the economic situation in the member states.
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The effect of european economic integration on international trade
Tománek, Ondřej ; Dlouhá, Zuzana (advisor) ; Čermáková, Klára (referee)
This bachelor thesis aims to economic integration of Europe. In the first part, it focuses on issues of stages of economic integration. The second part is dedicated to Europen Monetary union, its advantages and disadvantages. The next part is dealing with history and development of EU, CEFTA, EFTA, BAFTA. In final part, we use gravity model of international trade to analyze influence of each mentioned integrated group. Panel dataset consists of 27 776 observations of 23 years (1993-2015). Our results are consistent with other researchers, that are dealing with this issues. But some differences have been found. Preferential trading areas increases international trade, but the EMU coefficient is negative. Later on, we compare calculated potential exports of the czech republic to real exports to neighboring countries.
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Analysis of the Czech Republics´s preparedness to adopt the single European currency (Euro)
Čížková, Petra ; Maitah, Mansoor (advisor) ; Anna, Anna (referee)
This diploma thesis is devided into two parts, theoretical and practical. The theoretical part deals with economic background of the european integration. It´s main part is focused on the single market and mainly on the economic and monetary union. Attention is paid to the Maastricht convergence criteria, stage of real convergence and to the entry criteria adopted in Copenhagen. The practical part deals with the readiness of the Czech republic to adopt the single currency. It analyses both economic, political, and legal convergence of the Czech republic to the Euro Zone. The Czech republic has in recent years fulfilled the Maastricht critera, the addoption of euro is however hindered by insufficient legal convergence. The addoption of euro starts with a political decision, to what hasn´t been yet found sufficient consensus.
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Legal aspects of economic integration of the European Union and the Eurasian Economic Union
Pestereva, Yelizaveta ; Grmelová, Nicole (advisor) ; Valenta, Petr (referee)
This thesis is devoted to the analysis of two major unions- the European Union and the Eurasian Economic Union (EAEU). The aim of this work is to compare single stages of their integration process with an emphasis on how the experience of EU has influenced the integration process of the EAHU. The first chapter describes the history of the European union with regards to legal and institutional aspects. This part also examines treaties of the EU signed at each step of integration. The second chapter is dedicated to the integration processes in the countries of the former Soviet Union which led to creation of the EAHU in 2015. The third chapter provides a comparison of the previously described processes in two regions, emphasizing simularities and evaluating the prospects of cooperation between the unions.
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Didactical Processing of the Curriculum of Economic Integration and European Union for Business Academies
Kolářová, Sandra ; Králová, Alena (advisor) ; Berková, Kateřina (referee)
The Master Thesis deals with the problem of didactical processing of the curriculum of economic integration and European Union for business academies. The main goal of this work is to bring useful output which should make the process of teaching this topic easier for teachers. The work is divided into two parts. The theoretical part is devoted to analyzing law regulations and educational programs which should lead to defining necessary requirements for teaching this topic. The practical part builds on the theoretical outcome. A theoretical presentation of the topic of economic integration and European Union is presented at the beginning of the practical part. Afterwards, the practical part focuses on creating a database of questions and tasks for practicing and evaluating students knowledge of this topic. In addition, results of a questionnaire research are presented afterwards. The research was conducted among the teachers and students of Karlínská Business Academy in Prague 8 who received the output of this work. The work is finished with a conclusion connected with a recommendation which was gained during the process of creating this Master Thesis.
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Sources of Asymmetric Shocks: The Exchange Rate or Other Culprits?
Skořepa, Michal ; Komárek, Luboš
We analyze and quantify the determinants of asymmetric shocks showing up in the form of medium-term real exchange rate (RER) changes. First, we discuss sources of asymmetric shocks causing exchange rate variability and the role of the RER as a shock generator. Second, we use data for 21 advanced and late-transition economies to gauge the extent to which medium-term bilateral real exchange rate variability can be explained by various fundamental factors. Using Bayesian model averaging, we find that out of 22 factors under consideration, four types of dissimilarities within a given pair of economies are likely to be included in the true model: dissimilarities as regards (i) financial development, (ii) per capita income growth, (iii) central bank independence, and (iv) the structure of the economy. A regression based on these four factors indicates that these factors explain about one third of the behavior of the three-year RER variability for the whole sample and almost half of the behavior of the three-year RER variability for the RERs involving specifically the euro. The remaining part of the total variability represents an estimate of the influence of the exchange rate market itself (together with the influence of fundamental price level or nominal exchange rate determinants not captured by the regressors used).
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