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Convergence of European economies in the context of global inequality
Kučerová, Michaela ; Čermáková, Klára (advisor) ; Kubíček, Jan (referee)
This thesis deals with the convergence of European economies in the context of the deepening global inequality in the world. The theoretical part discusses the concept of convergence and the basic theories of economic growth, explaining the convergence of economies to their steady state. This part also deals with global inequality. Different types of inequalities and methods of measurement are identified, with focus on external inequality measured by GDP per capita in purchasing power parity. The analytical part examines the development of gross domestic product of the analyzed economies. The regression analysis of beta convergence shows that the economies converge and that the inequality between them is decreasing. One part of the analytical section also clarifies the relationship between long-term growth and its determinants. The section is concluded with the regression analysis of dependence between the long-term growth and selected determinants. The analysis shows that the statistically significant main factors contributing to long-term growth in the analyzed economies are the level of investment, openness of the economy, and government capital expenditures. Foreign direct investment inflows are also an important determinant, but not statistically significant. On the other hand, long-term economic growth is negatively influenced by the rate of population growth.
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Is Slovakia making headway towards constituting an OCA with the EMU?
Špániková, Eva ; Jeníček, Vladimír (advisor) ; Mišovská, Soňa (referee)
The goal of this diploma thesis is to assess the suitability and readiness of the Slovak Republic to adopt a single European currency. In analyzing the costs and benefits relating to Slovakia?s accession to the EMU, this thesis is guided by the theory of the OCA. The thesis provides a survey of the OCA theory, attempts to measure some of the OCA indicators and calculate OCA index for Slovakia. The results suggest that Slovakia fulfils the necessary condition for joining the monetary union, i.e. it is relatively well aligned with the euro area. The diploma thesis concludes that Slovakia is relatively suitable and well-prepared to join the euro area in 2009.
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Convergence of the Czech republic to the EMU
Kymlička, Michal ; Blahová, Naděžda (advisor)
The study is focused on analysing of the process of convergence of the Czech republic to the European Economic and Monetary Union. There are three main topics: real convergence, nominal convergence and the Maastricht convergence criteria. The status of convergence of the Czech republic is analysed at the end of the year 2008.
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The convergence of the Czech Republic and Slovakia to euro area
Lukáčová, Jana ; Bič, Josef (advisor) ; Jelínek, Tomáš (referee)
My bachelor's thesis concerning "The convergence of the Czech Republic and Slovakia to euro area" describes and compares nominal, real and structural convergence process in Czech Republic and Slovakia since 1998 till the present day, evaluates if the countries fulfill the criteria of theory of optimum currency area and tries to make a judgment if the Czech Republic and Slovakia are/were ready for the euro area entry.
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The Czech National Bank and the prospects of adopting euro
Suchomel, Marek ; Revenda, Zbyněk (advisor) ; Marková, Jana (referee)
The diploma thesis is focused on evaluating the state of convergence process of the Czech Republic to the European Union with major accent on areas governed by the Czech National Bank. In the theoretical part a brief description of past and present monetary cooperation in Europe is presented, as well as a description of the Czech National Bank. Next part deals with the achieved level of convergence, from the perspective of both the Maastricht criteria and real convergence. The main contribution of the thesis is an evaluation of the prospects of adopting euro under conditions of the expected economic development.
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The Baltic Economies in the EU - Trends, Perspectives
Semerád, Lukáš ; Abrhám, Josef (advisor) ; Bič, Josef (referee)
The work analyses macroeconomic development of the Baltic States from the beginning of the 1990s until today and their position in the European Union evaluated on the basis of nominal and real convergence indicators. A significant part of the text is dedicated to the current economic crisis and to its impacts on the Baltic region. In this context, possible solutions and perspectives for future progress are suggested.
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Business cycles convergence between eurozone and the new EU member states
Janeček, Daniel ; Abrhám, Josef (advisor) ; Jiránková, Martina (referee)
The paper examines the degree of convergence between the business cycles of the new EU member states and eurozone. This convergence is a necessary condition for a troublefree operation of a monetary union. Several analyses have been used to assess the problem -- pure time series correlation, correlation of detrended time series and of lagged series, and above all impulse-response functions correlation and forecast error variance decomposition. Finally, the paper briefly assesses the evolution of business cycles convergence.
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Konvergence cenové hladiny České republiky k zemím EU na základě Balassova-Samuelsonova modelu
Havrlant, David ; Jablonský, Josef (advisor)
Konvergence cenové hladiny České republiky ke státům Evropské unie je posuzována prostřednictvím relativní ceny neobchodovatelných statků. Dynamika relativní ceny neobchodovatelných statků je vysvětlena vývojem celkové produktivity faktorů v obchodovatelném a neobchodovatelném sektoru. Výchozí koncepci poskytuje Balassův-Samuelsonův model a jeho modifikace, z nichž jsou odvozeny experimentálně ověřované regresní rovnice. Z výsledků je patrné, že relativní cena neobchodovatelných statků roste v České republice v závislosti na růstu kapitálové zásoby prokazatelně vyšším tempem než v Německu a EU15, a to zejména v důsledku relativně vyšší citlivosti celkové produktivity faktorů v obchodovatelném sektoru. Odhadnuté modely tedy potvrzují konvergenci cenové hladiny České republiky k Německu a EU15.
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