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Russian position in the international trade and its influence on real economy
Abdullin, Denis ; Štěrbová, Ludmila (advisor) ; Bolotov, Ilya (referee)
International trade and competitiveness of domestic producers on the international market are very important factors for a further economic development. Country's trade structure determines its resistance to external shocks, which threaten domestic economy. Diversification gains a lot in importance lately. The existence of more industries, which are able to withstand tough competition with foreign firms is a cornerstone of economic development. Diversification is a key determinant for Russian economy due to a greater dependency on the export of raw materials, especially crude oil. These macroeconomic links can be shown by different econometric tools. Problems with excessive dependency on oil export can be detected by means of empiric analysis.
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Do oil prices affect inflation?
Novotný, Lukáš ; Chytil, Zdeněk (advisor) ; Babin, Jan (referee)
Goal of bachelor thesis is exploration of relationship between development of oil price and inflation in United States of America, Federal Republic of Germany and Japan. Theoretical part is focused on previous research, development of oil price and analysis of prices of oil. My research has been conducted with help of regression and correlation analysis in three time periods in years 1970-1983, 1984-1999, 2000-2014 and is based on quarterly data. Based on development of selected macroeconomic variables is investigated hypothesis that there is small positive correlation between oil price and inflation. This correlation should be strongest in the 80s of last century, than it should be minimalized till turn of millennium, when it should be stronger again. Result of my work verifies the hypothesis about small positive correlation. However development of this correlation was different than I presumed.
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Vztah ceny ropy a ceny benzínu
Pačovský, Jan
The thesis deals with an identification of the mutual causal relationship between the crude oil price and the gasoline price both on the commodity exchange and in the chosen countries. The DCCA method was used to quantify this relationship. The testing period was since August 2006 to March 2015 in weekly intervals. The results have proved the mutual correlation between the prices of both commodities.
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The current problems at the global oil market
Tušková, Barbora ; Gullová, Soňa (advisor) ; Klosová, Anna (referee)
The topic of this bachelor thesis is an analysis of the current problems at the global oil market. The thesis is divided into three chapters. The first chapter provides general information related to oil (origin, production, transportation, the largest oil companies, OPEC). The main part of the thesis is devoted to the actual analysis of problems at the oil market. The work is primarily focused on the rising price of oil and the factors that push the price up, also on the change in the oil resources, on wars and unrests in the mining areas and, finally, on the environment. The last chapter discusses the possible oil alternatives for the future.
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Commodities as an investment instrument
Kotálová, Magdalena ; Blahová, Naděžda (advisor) ; Brada, Jaroslav (referee)
The aim of this bachelor thesis is to introduce commodities as instruments competing with other forms of investments with respect to oil as an energy commodity. The thesis gives a comprehensive picture of commodity markets including the oil ones. The introduction of theoretical part is generally focused on commodities traded in the world markets. In the commodity market there is described a commodity exchange and investment opportunities with a focus on commodity derivatives. The remaining theoretical part covers the issue of oil which is one of the greatest current risks for global economies growth. In the practical part there is an analysis of oil prices with the characteristics of making oil prices and an analysis of the factors and effects of oil price growth.
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OPEC and its politics during the first oil crisis
Kolštrom, Jan ; Tajovský, Ladislav (advisor) ; Krček, Matěj (referee)
First oil crisis played an important role in shaping of world economy. Organization of the Petroleum Exporting Countries played great role in this process. This paper deals with political and economical background of the time period prior to oil crisis, in front all with situation in the USA and Middle East. Oil market analysis, especially focused on the influence of group known as Seven sisters and its struggle with OPEC, can bring us many answers to questions about rising of the oil crisis. Important part of the paper is an analysis of impact of OPEC's behavior to world economy in the 70's. This behavior led to rise of several situations and to a formation of oil market as we know it today.
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Estimation of price elasticity of crude oil demand
Jonák, Ondřej ; Zajíček, Miroslav (advisor) ; Tříska, Dušan (referee)
Objective of this diploma thesis is estimation of price elasticity of crude oil demand. In order to calculation of such elasticity crude oil demand is estimated with econometrical methods. The choice of suitable model, which sufficiently and accurately models crude oil demand, is initial position of analysis. Consequently, crude oil demand is estimated from market data obtainable from public sources. This estimated model is verified from economic, statistic and econometric point of view. Consequently, price elasticity of crude oil demand is calculated from such model.
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