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The Influence of the State Debt on defense spending in Selected NATO States
Hodžic, Faris ; Izák, Vratislav (advisor) ; Ochrana, František (referee) ; Holcner, Vladan (referee)
The defense spending plays a significant role in the decision-making process of setting up a defense policy. The economy of a state, its performance and development rank among the main factors that influence the size of this public expenditure. At a time of economic stagnation in the Western European countries, the ongoing public debt crisis affects to a ever growing extent all areas of public spending, including the defense. This work aims to contribute to the current knowledge in the field of defense economy and public finance by investigating the influence of the state debt on defense spending. The first part of the work is dedicated to defining the economy of defense and providing a brief summary of its historical development, followed by a discussion of defense as a pure public good. This chapter analyzes the issue of public debt and explains how the major schools of economic theory approach this problem. The second part outlines the previous research in the field of defense spending and debt, their development and the potential relationship with macroeconomic variables. The third chapter presents and discusses the results of empirical research that is based on the theoretical assumptions and models introduced in the first two chapters. The analysis was performed on time series from the period of 1978 to 2011 (34 years) for seven NATO member states: Belgium, Denmark, France, Italy, Netherlands, UK and USA. The empirical analysis was performed by the statistical methods of regression and panel regression. The primary hypothesis on the existence of a relationship between the public debt and defense spending was confirmed and the partial hypothesis that this relationship is negative was refuted.
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Analysis of marketing mix in Komerční banka, a. s.
Rozsypalová, Kristýna ; Skokanová, Dagmar (advisor) ; Hodzic, Faris (referee)
This bachelor thesis deals with marketing mix of services in joint-stock company Komerční banka, a. s. The aim of the thesis is to analyse marketing mix of services in Komerční banka, describe specifics of marketing mix of services in bank companies and explore satisfaction with marketing mix of services in Komerční banka. This work is divided into four parts: prolog, theoretical and methodological part, practical part and conclusion. Theoretical and methodological parts contain analysis of literature dealing with marketing mix and marketing research. Practical part consists of analysis of the current composition of marketing mix in Komerční banka, a. s. and marketing research of customer satisfaction. The conclusion gives summary of marketing mix in Komerční banka, a. s. and recommendations for improvement of marketing mix.
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Construction of retirement pension
Vokatá, Miloslava ; Klazar, Stanislav (advisor) ; Hodžic, Faris (referee)
In my bachelor work I engage in retirement pension which is relevant to each of us. Because each of us will surely apply for retirement sometime. And if not, almost all our life we will contribute to others for their retirements from our incomes. Firstly, in theoretical part of my work, I describe individual elements of retirement pension which are essential for final calculation of retirement pension. Then, in practical part of my work, I devote myself only whole calculation of retirement pension and analyse formula for this calculation in detail. I show some examples how to calculate size of retirement pension too. Furthermore, I compare resulting levels of retirement pensions with individual incomes that the pensioners received before their retirements.
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Impact of tax policy on the economy
Reznák, Pavel ; Hodžic, Faris (advisor) ; Hodzic, Faris (referee)
The topic of my thesis is the impact of tax policy on the economy. My aim is to show the influence of different tax policies on the macroeconomic indicators. The 1st part of the thesis describes 2 different tax systems currently used in Europe. Second part deals with tax competition and harmonization, the topic is looked at from both practical and theoretical points of view. There is a description of the established laws, those aiming at tax harmonization. The theoretical part deals with positive and negative approaches to these particular points at issue. The current tax situation in Europe is depicted in this part showing tax laws both those already coordinated and those that are in the process of stagnation. The third part is analysis of tax policy impact on the economic growth, economic standard and employment figures. Taken into account are various approaches to taxation and their impact on macroeconomics indicators.
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