|
|
Holandská choroba v ekonomike Saudskej Arábie
Horváth, Martin
Horváth, M. Dutch disease in the economy of Saudi Arabia. Bachelor thesis. Brno: Mendel University, 2018. The bachelor thesis focuses on the occurrence of Dutch disease in Saudi Arabia's economy. By using examples of other countries in which the Dutch disease has occurred in the past, basic terms are summarized and common principles discussed. The goal of the bachelor thesis is econometric testing of Dutch disease impacts in the economy of Saudi Arabia. For this purpose, the economy of Saudi Arabia was briefly described, including the development of significant economic indicators. The development of the economy and the results of the tests were evaluated with respect to the general economic theory and the theory of Dutch disease.
|
|
|
Economic change in Russia: Oil dependency
Krupa, Mikuláš ; Kučerová, Irah (advisor) ; Parízek, Michal (referee)
This thesis concentrates on the case of Russian economy and assessment of its dependence on oil. Russia is often cited as an example of country suffering from resource curse as its natural wealth forms significant share of country's exports and revenues. Thesis will first concentrate on factors determining current state of Russian economy. Presence of the symptoms of Dutch disease in the Russian economy will be studied using the Vector error correction model (VECM) applied on the real effective exchange rate of country (REER). Thesis will also contain an assessment of Russian institutional environment to check for other symptoms of resource curse theory. Analysis of latest federal budget will be used to evaluate the sustainability of Russian federal finances. The thesis is concluded by discussion of results and possible paths of future development of Russian economy.
|
|
|
The Structural Change in the Economy of the United Mexican States
Matzek, Jan ; Sejkora, Jiří (advisor) ; Hasík, Gabriel (referee)
The aim of this paper is to identify and asses the structural change in the economy of the United Mexican States in the period from 1940 until the early 2000s. The data analysis is focused on identifying the trends in the context of Lewis' dual economy model, Kaldor's law, Dutch disease and the natural resources course. Using linear regression, we prove Kaldors' hypothesis on the relation between the growth of the manufacturing sector and the economy as such in the context of Mexico. Furthermore, trends consistent with Lewis' dual economy model are identified. The syndromes of Dutch disease in Mexico and its negative effects on non-mining sectors are described and analyzed.
|
|
|
Occurrence of the Dutch Disease in the Azerbaijani economy
Valiyev, Asim ; Sejkora, Jiří (advisor) ; Sankot, Ondřej (referee)
This bachelor thesis focuses on the presence of Dutch Disease in the Azerbaijani economy. The substance of the thesis is the determination of, whether the Azerbaijani economy is showing the signs of the Dutch Disease and if necessary, to outline measures to mitigate the negative consequences of this disease. This thesis focuses on the symptoms of Dutch Disease, which include real exchange rate appreciation, slower manufacturing growth, faster service sector growth and higher overall wages. The largest part is dedicated to the evaluation whether above mentioned symptoms have direct context with extreme dependence of Azerbaijani economy on oil exports.
|
|
|
Dutch disease in Russia
Havelka, Robert ; Horváth, Roman (advisor) ; Kukačka, Jiří (referee)
Dutch disease in Russia Robert Havelka Abstract Dutch Disease offers formal explanation to the so-called "Resource curse". Detection of Dutch Disease is divided into individual symptoms. We study the case of Russia, i.e. country which possesses significant reserves of natural resources. Long-term relationship between oil price and Russian real exchange rate was not established (1st symptom), but we find evidence of growth and fall of overall wage level in Russia as predicted by Dutch Disease (2nd symptom). We have been able to find statistically significant long-term relationship between Russian GDP, oil price and crude oil export volumes (3rd symptom). Oil price is found to have positive impact on the output of manufacturing sector, which implies Russian economy is to even larger extent vulnerable to oil price shocks. Last link is in direct contradiction with predictions of our model, but it is likely the result of Russian manufacturing sector not being entirely "non-oil", or that some manufacturing sub-sectors are not producing tradable goods. JEL Classication F30, P28, Q30 Keywords Dutch disease, Russia, exchange rate Author's e-mail robberthz.cz@gmail.com Supervisor's e-mail roman.horvath@gmail.com
|
|
|
Development of the Bolivian economy in the context of government policy and foreign trade
Dudzich, Viktar ; Šíma, Ondřej (advisor) ; Gevorgyan, Kristine (referee)
This thesis analyzes the development of the Bolivian economy during the presidency of Evo Morales and especially the effects of state legislative measures on different sectors of the economy in Bolivia. The influence of historical, political and social factors on the economic development of Bolivia is examined in this thesis. There are descriptions of the industrial and financial sectors, foreign trade, state social policy, key risks and forecasts about the development of the Bolivian economy. Emphasis is also placed on the interconnections between politics, economy and social sphere.
|
|
|
Curse or Blessing: natural resources and economic growth - comparison of the development of Botswana, Nigeria, Norway and Canada in early 21st century
Zubíková, Adéla ; Chytil, Zdeněk (advisor) ; Zeman, Karel (referee)
This thesis seeks to verify the concept of so-called resource curse at the beginning of the new millennium. The theoretical part defines the symptoms of the alleged curse, curse transmission channels and criticism of the concept. Compared to other studies dealing with the theme of the resource curse this work is not focused on just one transmission channel. The practical part verifies several hypotheses established by comparing research papers on impacts of natural resources. The validity of the Prebisch-Singer hypothesis, Dutch disease symptoms and a negative impact on political institutions (inclination toward authoritarianism, high level of corruption, high government spending, low efficiency of economic and political decision-making and low investment in education) is verified. For the analysis have been selected two African countries (Nigeria and Botswana) and two advanced countries (Canada and Norway). The last part of this thesis provides policy implications. The results confirm the Prebisch-Singer hypothesis for selected commodities in the long term and some of the symptoms of Dutch disease at the beginning of the new millennium. Hypotheses regarding the impact on the political institutions have not been confirmed, since the results varied across the countries. The high vulnerability of the countries to movements in commodity prices was found.
|
|
|
The Dutch disease theory and its application to countries with independent monetary policy and members of monetary union
Fiala, Vojtěch ; Šíma, Ondřej (advisor) ; Dvořák, Michal (referee)
This diploma thesis aims to give a comprehensive picture of a phenomenon called The Dutch Disease whose symptoms had been increasing in many countries during the second half of the 20th century, especially in connection with mining. The first part deals with the detailed description of traditional economic theory and its later upgrades. In the second part, the Dutch Disease theory is applied to the member countries of the European Monetary Union and highlights the problems of asymmetric shocks, which may include among others the discovery of mineral resources. The third part then attempts to look at the recent European balance of payments crisis through the eyes of the Dutch Disease theory and to highlight a number of common symptoms.
|
|
|
The impact of falling oil prices on economy of Russian federation in years 2006 - 2016
Sviták, Daniel ; Strejček, Ivo (advisor) ; Klement, Josef (referee)
The goal of this bachelor thesis is to analyze the impact of oil slumps on Russian federation between years 2006 and 2016 with special focus on the Dutch disease phenomenon and its reverse in times of low world oil prices. Dutch disease is a part of natural resource curse, which is characterized by lower economic performance of economies with natural resource abundance. The negative impact of low oil prices on Russian economy is showed by depreciation of ruble and lower state income, which is causing deepening of government budget deficits in 2009 and 2015. The basic assumption in case of the Dutch disease, de-industrialization of economy, is not satisifed. I deny the validity of the Dutch disease hypothesis in case of the Russian federation. Oil slumps did not have any significant influence on symptoms of the Dutch disease.
|
|
|
Vliv těžby ropy na norskou ekonomiku
Malkovský, Michal ; Doležal, Ondřej (advisor) ; Pekárek, Štěpán (referee)
Norway serves as a unique example of a developed country whose economy is dominated by export of natural resources. Thanks to its large petroleum reserves Norway has become one of the richest countries in the world. This thesis examines how the country has coped with its transformation and if it has avoided the so-called resource curse. It deals with the effects of the oil industry on the other sectors of the economy as well as on Norwegians' wellbeing. As the revenue from the petroleum production has grown, the state has implemented number of economic policies with the aim to utilize it in favour of the weakened industries and the society as a whole. So far, the oil industry has brought Norway prosperity thanks to sound governance and fitting policies. The question is whether the measures are sufficient to tackle both the decreasing production and prices of oil while maintaining the advantage the country has gained.
|
guest ::
