|
| |
|
|
The Analysis of How the Education Achieved by Parents Influences the Lenght of Their Children's Studies
Dočekalová, Veronika ; Bíza Bisová, Sára (advisor) ; Brožová, Dagmar (referee)
The thesis analysis how the education achieved by parents affects the education achieved by their children. The least square method is used for the regression analysis. All the estimations are based on the survey-acquired data from Prague and Pilsen. Alongside the estimations for these two cities alone, the influence in all dataset is examined as well. The cross-sectional data were acquired throughout the first quarter of 2014. The certain influence of both mother's and father's education on the education of their descendants was demonstrated by the analysis. Other significant factors influencing acquired education turned out to be for instance a number of siblings or divorce in a family.
|
|
|
How much are we afraid of losing? Analysis of risk aversion.
Vokounová, Tereza ; Dlouhá, Zuzana (advisor) ; Čermáková, Klára (referee)
The whole thesis is focused on exploring how individuals make decisions under conditions of risk and uncertainty. The first section describes several economic theories, regarding explanation of human actions. The study points to the fact that the method of maximization expected utility cannot explain some examples of human decisions (eg. Allais paradoxes or the four-fold pattern) and to explain these effects, it is preferable to use prospect theory or cumulative prospect theory. In the second section, also based on results from the survey, I investigate the actual risk aversion in different situations (willingness to take risk in general, car driving, financial matters, sport and leisure, career and health) based on various factors. Statistically significant factor in all situations is gender when women show greater risk aversion in comparison to men. Age is a significant factor only in the willingness to take risk in general and in car driving. While in the willingness to take risks in general is a positive relationship between age and risk aversion, in car driving the relation is exactly the opposite. Level of education influences risk aversion in three situations - at risk in general (risk aversion increases with higher education), sport (risk aversion increases with higher education) and health issues (risk aversion decreases with higher education). In the health issues are people studying or working in the construction industry more risk-averse compared to people studying or working in the field of economics/finance. In car driving are individuals studying or working in the field of law more risk-averse than students or workers in the field of economics/finance. Another important factor is whether a person is working in public or private sector. In car driving, financial matters, career and health are people working in public sector more risk-averse compared to students and to people working in the private sector. Willingness to take risk in general is influenced by average monthly income - with a rising average monthly income is also growing willingness to take risks (decreasing risk aversion). Willingness to take risk in general, financial matters and career is higher for people who invest. Sportsmen/women are generally more willing to take risk in car driving, sport and career. Entrepreneurs are more willing to risk in career.
|
|
|
Testing validity of the ABCT in case of the Czech Republic between years 1996 and 2012.
Střeleček, Tomáš ; Chytil, Zdeněk (advisor) ; Klesla, Arnošt (referee)
The aim of this thesis is to test the validity of The Austrian Business Cycle Theory (ABCT) for The Czech Republic between years 1996 and 2013 on quarterly data. In the first part, I concentrated on the definition of business cycle and theoretical premises of The Austrian Business Cycle Theory. In application part, I translated the first sector of hypothesis into dynamic models which were then estimated by method called Granger causality. The results show that monetary expansion in any of four previous quarters leads to decrease in monetary interest rate. Concerning mechanism of monetary expansion effect, the crucial are changes of the monetary interest rate in relation to the natural interest rate. I affirmed conformity of the ABCT: monetary expansion changes structure of interest rates and as a result of such shock there is an increase in roundabout productions. The difference between decrease in monetary interest rate and increase in roundabout productions is half a year. Other results were weaker. I have found statistically significant correlation, not a relation of determination, between decrease in monetary interest rate and increase in investments' expenditures. Quantitative methods did not show confirmation of predictions of the ABCT for structure of inflation. Second sector of hypothesis was incorporated into static model which I estimated by ordinary least squares. Results confirmed predictions of the ABCT that at the beginning of economic expansion there is increase in roundabout productions. Additionally, another prediction of the ABCT was confirmed: at the beginning of expansion there is an increase in producers' prices and there is a relative increase in consumers' prices from the second half of expansion. On average, an increase in investment expenditures during expansion was not confirmed. In summary, there is an excessive consumption and there is an excessive increase in production at the peak of economic fluctuation, the economy is pushed beyond its production possibilities frontier. Explanation of the ABCT was not invalidated for Czech economy.
|
|
|
Analysis of the attendance of the Czech national football team´s home matches
Strnad, Ondřej ; Stroukal, Dominik (advisor) ; Babin, Jan (referee)
This thesis investigates the effect of selected variables on the attendance of the Czech national football team's home matches in 2001--2013. The attendance in this thesis is meant as percentage fullness of the stadium. The data obtained were subjected to an econometric analysis, and the linear regression model showed determinant factors effecting match attendances. Even with the limited amount of observation and some problems which the models have, the results prove the assumption that ticket prices do not significantly effect the national team's match attendances. On the other hand, the type of match was proved to be an important determinant, with qualifying matches increasing the attendances by 13.62 %. The speculation about the significance of the opponent's attractiveness was not proved. Another variable with a significant influence on match attendances is the place where the match is played. If a match was played elsewhere than in Prague, the attendance increased by 16.92 %.
|
|
|
Analysis of Determinants of Home Matches Attendance Bohemians 1905
Langrová, Hana ; Stroukal, Dominik (advisor) ; Čermáková, Klára (referee)
This paper investigate the influence of selected variables on home matches attendance of the football club Bohemians 1905 during seasons 2000/2001-2011/2012. Obtained data were subjected to econometric analysis. Even with problems, which models have, they confirm about fundamental influence of regional rivalry, because 42 % more spectators visited derby matches. Important influence showed variables relating to played competition, match day and football field. Expected effect of ticket price on attendance was not demonstrated.
|
|
|
Attendance analysis of football club FK Pelhřimov
Pavouková, Adéla ; Marešová, Kateřina (advisor) ; Brožová, Dagmar (referee)
In this work I investigated the influence of selected explanatory variables on attendance of the football club FK Pelhřimov during seasons 2001/02 -- 2010/11. Obtained data were subjected to econometric analysis and linear regression model revealed factors, which most influence the attendance. Key factors include regional rivalry, derby matches attract about 70 % more spectators. Other important factors include match day, ticket price and position in the competition. Positive relationship was found between attendance and ticket price. Influence of other variables (number of goals, number of wins, competition, opening match, temperature, rain and field) wasn't found important or the relationship was small.
|
|
|
Bootstrap in Econometrics
Mitterpach, Róbert ; Zouhar, Jan (advisor) ; Šindelářová, Irena (referee)
Aim of this thesis is to introduce the reader to the basic bootstrap techniques used in econometrics, to present their variations and importance. Results of the ordinary least squares model, residual bootstrap and case resampling bootstrap will be presented and compared on cross-sectional data and time series from small numbered random subsample from the available data. Bootstrap was shown to improve numerical performance of ordinary least squares model.
|
|
|
Attendance of the Zoological Garden in Jihlava
Královská, Radka ; Hudík, Marek (advisor) ; Lahvička, Jiří (referee)
In this work I investigated the influence of selected factors on attendance of the Zoological Garden in Jihlava in the years 2001-2010. Each time series of monthly visitors were subjected to econometric analysis to determine the influence of explanatory variables on attendance. The work leads to the conclusion that attendance is significantly affected by air temperature, which was confirmed in all four models studied. Neither rainfall nor the price of admission didn't confirm the influence on the attendance of the Zoo, which may be due to low number of observations. The most significant impact on attendance had months of April and November, while other months were found to be very important in terms of attendance Zoo Jihlava.
|
|
|
Market analysis of dailies in Czech republic
Děd, Michal ; Lejnarová, Šárka (advisor) ; Kříčková, Darina (referee)
This work deals with the newspaper market in the Czech Republic and application the most known regression methods - ordinary least squares on marketing data from this area. The aim of this work is to determine whether the number of sold newspapers can be explained by the expenditures for advertising for them and the price of newspapers. In this work I use the data for the years 2003 to 2009, which we have provided me the publisher Ringier ČR.
|
guest ::
