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Processes of real and nominal convergence in enlarged EU
Mikulka, Jakub ; Bič, Josef (advisor) ; Abrhám, Josef (referee)
This bachelor thesis deals with real and nominal convergence in the European Union. Particular attention is devoted to differences in convergence processes between New and Old Member States of the European Union. Beta and sigma convergence is tested at the levels of states, regions NUTS 1 and NUTS 2 during period 1995-2006. The results are put in theoretical background of Solow-Swan model and New Economic Geography. Furthermore, Balass-Samuelson effect and his incidence is presented.
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Slovakia: macroeconomic development in the context of accession to the euroarea
Repaská, Lucia ; Abrhám, Josef (advisor) ; Bič, Josef (referee)
The aim of the work is to evaluate the process of nominal and real convergence in Slovakia. Furthermore, the introduction is addressed the macroeconomic development since the beginning of the separate state and evaluates it in the context of the accession to the euroarea. After posttransformating stabilization Slovakia was unable to start the successful economic development. Thanks to the adoption of restrictive measures and several reform steps since 1998 Slovakia managed to achieve a gradual healthy economic growth and improvement of macroeconomic indicators, which culminated in 2008. However in the end of the year hit Slovakia the first sign of cooling due to global economic crisis and because of this fact the work offers a short view of the fortcomming uncertain future. Nominal convergence represents within the European union the Maastricht criteria, Slovakia fullfilled them in March 2008 with caution. The real convergence is evaluated in the light of the indicator of GDP per capita in purchasing power parity, which development has seen in recent years a remarkable increase in Slovakia. Adoption of the common european currency does not mean to meat the formal Maastricht criteria but also requires the adoption of the various substantive aspects, such as Slovakia National Plan for euro.
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The economy of Spain and its position in the European Union
Hlávková, Eva ; Jeníček, Vladimír (advisor) ; Jelínek, Jiří (referee)
The aim of the thesis is to assess the economy of Spain and its position in the European Union. The European integration processes significantly influenced the development of democracy in Spain as a member state of EU. The period after Franco regime would last undoubtedly much longer and it would grow less dynamically without these processes. The influence of EU affected not only the Spanish economy, but also the current position of Spanish monarchy in Europe and in the whole world. The thesis is structured in three main parts. To be able to assess the Spanish economy during its membership in the EU, it is essential to study the procedures of negotiations between the candidate country and the Community. That is the reason why the first part is engaged in the pre-entry phase. The second part examines in detail the development of the economy after the reintroduction of democracy in the country. It deals mainly with the macroeconomic tendencies, their causes together with consequences. The progress concerns the economic situation in Spain before the entry to the Community, in the second half of eighties, as well as during the nineties. The thesis does not forget to be engaged in the current situation in the new millennium and it also outlines the possible development in the following years. The last part is devoted to the position and the influence of Spain on the main integration directions in the European Union. The coherence and the extent of evaluation can be considered one of the benefits of this work. The thesis introduces the complex view of the Spanish economy since the entry to the EU. It also deals with possible following tendencies. The understanding of the development is facilitated by a large number of graphs and tables, which help to outline the essence of the topic.
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Ready for Euro?
Staňková, Andrea ; Urban, Luděk (advisor) ; Potužák, Pavel (referee)
Recently, there has been a broad discussion regarding the timing of joining the Euro zone. The mainstream opinion is that the sooner the Czech Republic joins, the better. However, as this thesis indicates, especially the econometric model, the Czech Republic is not ready for doing so. Hence, an early accession may not be beneficial.
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