|
|
Impact of Research and Development on Economic Growth: Evidence from European Industrial Sector
Adjei, David Danquah
The main objective of this thesis is to analyze and estimate the impact of research and development (R&D) on the economy of the EU. The impact of Labour Force and Gross Fixed Capital Formation are also investigated alongside. Using Ordinary Least Squares method and data from 1993 to 2013, the results show that R&D in the form of Gross Expenditure on R&D in the EU plays a positive significant role in economic growth as well as the other factors; labour force and gross fixed capital formation. Graphical analysis of factors that influence R&D in member states show that the R&D efforts and intensities are very dissimilar. Based on these, this paper recommends a two-prong approach by the EU to increase R&D and Innovation intensity by focusing on increasing R&D intensity in both private and public sectors of individual member states. Apart from governments providing more fiscal support for R&D, the EU is advised to introduce a more detailed R&D scoreboard which will cover both private and public sectors of member states to highlight the real situation of R&D in the Union. This paper concludes that the EU 3% target of R&D intensity by the year 2020 is only possible if they will focus more on increasing the intensity as recommended
|
|
|
Has financial assistance effect on developing countries´s economic growth?
Vokurková, Lucie ; Šťastný, Daniel (advisor) ; Chytil, Zdeněk (referee)
The relationship between foreign aid and economic growth has been the subject of many debates: it augments the growth of countries with good policy environment, in countries with a higher proportion of bilateral aid over multilateral, outside the tropics or just simply with diminishing returns to aid. With the expansion of testing previous studies there is shown that generally aid in all likelihood increases the growth rate. The primary aim of thesis is to find noneconomic or nonpolitical aspects that cause difference in aid efficiency in developing countries. There is statistical significance of synergy effect of cross -- country regression with panel data of 450 observations in time period 1981-2010. It is supported by interaction term of received aid and indicators of specific institutional environment of particular states of Sub-Saharan Africa and it is conditioned on following: foreign aid increases economic growth in religion unity states and out of coastal states.
|
|
|
Chinese and Japanese economic growth during the period 2000-2012
Klapáčová, Miroslava ; Stuchlíková, Zuzana (advisor) ; Zapletal, Petr (referee)
The paper deals with Chinese and Japanese economic growth during the period 2000-2012. Whereas China is a rapidly growing developing country, Japan belongs among developed market economies. However, both of them play an important role in the world economy. The main objective of this paper is to examine the growth of these two differently situated economies of Asian region and furthermore perform a detailed analysis in order to determine the share of contribution of the foreign trade to this growth. The study is mainly focused on the development and structural changes in economy and foreign trade of both countries in the observed period. Attention is also paid to the impact of the development of foreign trade to overall economic growth of the countries.
|
|
|
Impact of foreign aid and remittances on economic growth in Sub-Saharan Africa
Vokolek, Aleš ; Rod, Aleš (advisor) ; Čermáková, Klára (referee)
The aim of the bachelor thesis is to determine what impact of foreign aid on economic growth in Sub-Saharan countries is. For this purpose the foreign aid is decomposed into several groups and at the same time the difference between commitment and disbursement is taken into account. For estimation of the model the study uses the method of five and three-years moving averages as well as the method of Generalized Linear Models. According to the results there is observable a positive influence on GDP per capita in case of foreign aid for education and in case of foreign aid for private business. On the contrary, foreign aid for agriculture, foreign aid for infrastructure and debt aid have negative impact on economic growth. In case of explanatory variables as remittances and fiscal foreign aid there is no proof of their significance in the model.
|
|
| |
|
|
Analysis of Selected Macroeconomic Debt Relations of the Polish and Czech Economies in the Period of 2000-2010
Jež, Marek ; Petrášek, František (advisor) ; Štěpánek, Pavel (referee)
The thesis deals with the analysis of the development of the fast-paced debt growth of Polish and Czech economies in the years between 2000 and 2010. It focuses on the most debt-ridden sectors; those of households and government institutions. The thesis identifies the causes of the dynamic debt increase of these sectors in both economies. The outcome of the analysis is also the evaluation of the debt expansion influence on the growth of GDP. The evaluation is based on the available data from the databases of statistical offices and central banks. The cause behind the debt of households is a confluence of several factors both on the part of demand and offer. Apparently, the key factor is the relaxed monetary policy of the central bank. The cause of government institutions debt are predominantly the anually created state budget deficits, and thus maintained an expansive character of the fiscal policies. Debt therefore additionally stimulated the economies in what already was a period of growth.
|
|
|
Chinese accession to WTO and its trade disputes in the field of WTO.
Březinová, Markéta ; Zapletal, Petr (advisor) ; Pluskalová, Eva (referee)
The thesis is focused on Chinese accession to WTO and at the same time describes certain trade disputes in the field of WTO. First of all, text describes history of economic changes, thanks to which China became a member of WTO and gradually gained World economic power. The paper provides a description of history and functioning principles of GATT and WTO. The author analyzes the reasons, which led China to aapplication for accession to WTO. Then the thesis looks at chinese committments and consequences of its enter for other countries. Using the main macroecnomic indicators thesis analyzes the economic situation of China before it entered WTO and after the year 2001. In the conclusion, there are selected trade disputess of ČLR with other members.
|
|
|
Analysis of the innovation potential of the Czech Republic
Čech, Bohuslav ; Dočkal, Dalibor (advisor) ; Zemplinerová, Alena (referee)
This thesis focuses on innovation and their forms, theories of innovation as a source of economic cycles and innovation activity within the entrepreneur theory. On these basics using a deductive method creates a new theory of population as the only real source of innovation potential. This theory is then used for analysis with focus on quantity -- number of inhabitants and quality -- educational structure of inhabitants. It leads to the conclusion, that Czech republic doesn't have enough sources for innovation driven economic growth.
|
|
|
The significance of the institutional environment for innovation activities of enterprises in the Czech Republic
Bízková, Jitka ; Petrášek, František (advisor) ; Gráf, Václav (referee)
This diploma thesis represents an effort to contribute to the solving of the problem of optimal relations between the institutional environment, entrepreneurial activity and innovative activity in terms of securing a higher degree of competitiveness of the current economy in the Czech Republic. The institutional environment is perceived as the rules of the game, under which social interactions take place. When defining the business activity the Schumpeter's theory of creative destruction is not ignored and the issue of innovation activity is viewed from the perspective of institutional change. Various forms of institutional environment are analyzed in the selected European countries (Germany, Finland, Switzerland), whose competitiveness is based on successful innovation activities. The research is extended by the comparison of innovation policies and the analysis of the level of ICT infrastructure of the above mentioned countries. The significance of the institutional framework for innovation activities is evaluated in the final part of the thesis. The content of the corrective measures in the current economic policy of Czech Republic is drawn from the evaluation.
|
|
|
Solidarity nad Social Justice in Society
Kankrlík, Tomáš ; Poláková, Olga (advisor) ; Kubelková, Karina (referee)
The paper focuses on the welfare state, which is enjoying the favor on the one hand and facing the strong criticism on the other hand. The work aims to assess the relationship of the social expenditure share in GDP and the GDP growth in the selected European countries, namely Sweden, Germany and Great Britain. Within the solution of this question the work focuses first on the theory of the welfare state and the state intervention approaches applied in the exercise of social policy. Further the work points to the adverse effects of the social policy. In the applied part the paper analyzes the countries in terms of the structure of social expenditures, their share in GDP and the GDP growth in the period. The paper focuses particularly on the relationship of the share of social expenditures in GDP and the GDP growth. In all three cases the demonstration of the dependence of observed variables based on correlation analysis failed. At the conclusion the work provides evaluation of the relationship of the social expenditure share in GDP and the unemployment rate, where the dependence of both indicators was confirmed.
|
guest ::
