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Croatia and the impact of the global economic crisis, with emphasis on the tertiary sector
Chroustovská, Lenka ; Řehořová, Veronika (advisor) ; Janković, Vukica (referee)
The aim of this bachelor's thesis is to describe the effects of the global economic crisis on the development of the Croatian economy from 2008 to the present. The first chapter deals mainly with economic and political characteristics, briefly mentions the geographic characteristics and historical development since the establishment of the Republic of Croatia. The second chapter analyzes the economic development in 2007-2013, mainly using macroeconomic indicators (GDP, trade balance, foreign direct investment, inflation rate, unemployment rate). This chapter is also the development of the tertiary sector in the "crisis years". The last chapter contains a description of the current economic situation. It also includes a prediction of the probable development of the above-mentioned five macroeconomic indicators and the tertiary sector.
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Czech-German Economic Relations
Dudková, Lenka ; Čajka, Radek (advisor) ; Richter, Stanislav (referee)
The aim of this thesis is to evaluate the economic relations between the Czech Republic and Germany by analysing their economies, foreign trade policies and mutual economic cooperation. The first chapter presents and compares the basic macroeconomic data. The following chapter focuses on the history of mutual relations, the Czech-German merchandise and services trade and the potential of mutual trade relations. The last chapter is devoted to the foreign direct investments in both economies.
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The Effect of Exchange Rate Fluctuations on a Trade Balance, the case of Russia.
Masliukova, Tatiana ; Chytilová, Helena (advisor) ; Prokop, Jaromír (referee)
This thesis examines the impact of exchange rate fluctuation on trade balance. In order to examine the effect of depreciation of domestic currency on the trade balance, the data for Russian Federation was used. The time series analysis includes quarterly data since 2000 till 2014. With help of cointegration model it was concluded that there is a long-term dependence between exchange rate and trade balance. Regression results suggest that the impact of depreciation of national currency on trade balance of Russia is positive after one quarter, while response of exchange rate depreciation without time lag is deterioration of the balance of trade. This empirical evidence supports the pattern of movement described by the J-Curve.
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Analysis of influence of real exchange rate on bilateral trade balance between the Czech Republic and Germany
Dvouletý, Ondřej ; Říhová, Gabriela (advisor) ; Skopeček, Jan (referee)
Study analyses the influence of the real exchange rate on the real trade balance between the Czech Republic and Germany, using quarterly data for the period 2000 -- 2014. Previous empirical studies are summarized and their method is used for this analysis. Data are multiplied by consumer price index to achieve real variables and then transformed into natural logarithms. Used variables are trade balance, export, gross domestic products of the Czech Republic and Germany and dummy variables representing economic crisis during the years 2008 -- 2010 and monetary intervention of the Czech National Bank in autumn 2013. All variables were tested for stationarity and were found to be non-stationary, fortunately cointegration among variables was proved. Results failed to prove existence of J-curve concept. Results indicate, that in the short run after depreciation the real trade balance increases, but after that decreases. Economic crisis during the years 2008 -- 2010 led to decrease of the real trade balance. Intervention of the Czech National Bank did not lead in the short run to a decrease of the real trade balance. Granger causality test between the real export, the real trade balance and the real exchange rate did not prove any causal relationships.
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Nekonvenční způsoby produkce ropy a zemního plynu a jejich vliv na mezinárodní obchod
Černý, Martin ; Štěrbová, Ludmila (advisor) ; Baláž, Peter (referee)
The growing world population accompanied by an increase in GDP is effectively raising the demand for energy. One of the options are unconventional means of oil and gas, originating mainly from shales and oil sands. The goal of this thesis is to introduce the reader to unconventional means and their influence on international business. After a short introduction and definition an analysis of the situation in the U.S. follows, where the recent years have brought an increase in production from unconventional sources. The positive influence on the economy, employment and energetic security will be mentioned same as possible impacts on the environment. Furthermore the paper provides an analysis of the potential of repeating the U.S. shale revolution in other countries, with special focus on the EU. The success of unconventional sources opens the possibility of new trade routes, influence on the trade balance and the potential of influencing the whole gas market. However, it will also have an impact on current oil and gas producers. Considering the close bond between energetic security and politics, the thesis closes with an analysis of influences on the economy and politics of both -- current oil and gas producers and countries, which might be directly and indirectly affected by changes in the oil and gas market.
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