|
|
The impact of scrappage programme on national budget of Slovak Republic
Černý, Matej ; Komrska, Martin (advisor) ; Babin, Jan (referee)
The aim of this bachelor thesis is to show how the scrappage programme influenced national budget of Slovak Republic. This program was introduced in Slovak Republic in 2009 in order to stimulate automobile industry. This thesis analyses monthly data from 2003 to 2013 and explains how the sales of new passenger cars were influenced by specific factors. Exogenous variables used in the model are dummy variable "scrappage", lagged GDP per capita, interest rate, average price of the long-term best-selling car Škoda Fabia and the price of fuel. Selection of the variables is mainly based on studies by Carlson (1978), Litzman, Kouba, Dušková (2012), Nawi et al. (2013), Carlson, Umble (1980) a Lam, Tam (2002). The effect of introducing scrappage on sales of cars in particular months is estimated by the econometric model. Based on the model it is quantified how the scrappage programme influenced the national budget. Estimated results suggest that total impact of the scrappage programme was negative for the national budget.
|
guest ::
