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Proprietary Communities and Private Provision of Public Goods
Tětek, Josef ; Šíma, Josef (advisor) ; Ždímal, Martin (referee)
The fact that public goods exist is often taken as a rationale for government provision of such goods, mostly because of the free rider phenomenon. In the given paper the author challenges this view through theoretical discussion of alternative views on public goods and empirical evidence of private provision of public goods, such as zoning, rule creation and infrastructure development. Private property rights and contracting with communities based on these institutional tools are the main focal point in the research of private provision. Author examines proprietary communities in USA and Czech Republic and shows that private provision of public goods is subject to market demand and this demand is met with supply, given the appropriate institutional context.
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How Financial Markets Assess the State of Major Economies
Němeček, Josef ; Jílek, Josef (advisor) ; Czesaný, Slavoj (referee)
In accordance with its main goal, the main thesis shows which published data and indicators contemporary financial markets use to assess the state of major economies and forecast their short-term future development. Using Bloomberg as the primary source, the thesis provides a detailed analysis of the indicators and surveys sought by finance professionals when assessing the performance of the economy in the United States, the euro-zone (with emphasis on Germany) and, in the context of the impact on the global economy and markets, in China and Japan. A preliminary hypothesis about the similarity or closeness between the theoretical view and the practical approach of financial markets has been refuted. Instead, after close scrutiny and detailed analysis, we have established that financial markets put great emphasis on forward-looking indicators and monetary policy. This emphasis was confirmed by a survey of local investors. Using expert opinion and analysis, the thesis charts an overview of select economic indicators and their over- (payrolls, consumer sentiment) or undervaluation (regional Fed activity indexes, CFNAI).
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Free Trade Area between EU and USA
Maturkanič, Michal ; Jiránková, Martina (advisor) ; Antal, Jarolím (referee)
The thesis devotes itself to the free trade area between the EU and the USA as a next (logical) step in transatlantic interrelationship. The aim and the purpose is to mention great relations of both partners with each other from political and economic view. The political background gives trend in relations from the start of the 90's to the present. From economical point of view, the thesis devotes itself to FDI, value of their flows and reasons why they make towards the transatlantic partner. In spite of those relationships there arose and still operate many non-tariff barriers, which limit the fluency of goods, services and capital flows. Moreover, these barriers have in modern history higher position than tariffs and become a huge obstacle during negotiations.
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Regional development and the teritorial protection of rural architecture in complexes in vilages in Písek district
HEJNÁ, Věra
In September 1995 it was declared one hundred and sixty four monumental zones of popular architecture by Ministry of Culture. In area of southbohemian county, in Písek district is declared nine rural monumental zones : Budičovice, Krašovice, Květov, Putim, Smrkovice, Varvažov, Tukleky, Zahrádka, Žebrákov. Target of my project was find out, to what degree monumental preservation set of popular architecture in rural monumental zones affects development of rural space.
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Stock markets contagion in the Western and Central European region during subprime crisis
Pechová, Lenka ; Geršl, Adam (advisor) ; Hlaváček, Michal (referee)
The topic of financial contagion is growing in importance as the financial markets are integrating and becoming global. In my work I test contagion between stock markets in Central Europe (Czech Republic, Hungary and Poland), markets in Western Europe (Euro zone, France, Germany and UK) and U.S. I use two types of model to test the data from ongoing subprime crisis. The first one is parametrical model that uses the correlation coefficients obtained from VAR regression, based on paper by Forbes and Rigobon 2003. The second one is non parametrical model that uses the Kendall's tau approach to measure the comovements of the stock markets based on paper by Li (2009). In the work is also provided overview of theoretical and empirical literature that is focused on contagion and related topics.
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Corporate culture and its importance in multicultural global environment
POUCHOVÁ, Lenka
The doctoral thesis deals with the topic of specification and comparison of cultural dimensions of companies from different places of global community. Main focus is to answer a question, how the corporate culture and its cultural dimensions influence a shift of a company towards a knowledge-based economy. The identification of cultural dimensions was realized through the quantitative research VSM 94 in two German parent companies and their subsidiaries from the Czech Republic, India, Japan and USA. In case of one Czech subsidiary the research was extended with the qualitative research TCSD. Subsequently the identified cultural dimensions were compared with the desirable cultural dimensions of knowledge-based company. The results show that only cultural dimensions of low power distance and feminity correspond to the knowledge-based economy, long-term orientation is in the transition phase. The longest way to the knowledge-based economy was revealed by collectivism and uncertainty acceptance. Here can be found the greatest potential for corporate culture forming and human resources management. Based on the analysis of cultural dimensions, shared values, strength of corporate culture, cultural influence of parent company and impact of national culture were expressed proposals to shift the examined companies to the ideal state - knowledge-based company.
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Unemployment on the labour market in the county Kroměříž
Kolíbalová, Iva ; Kadeřábková, Jaroslava (advisor) ; Říhová, Gabriela (referee)
This thesis analyses the labour market in the region Kroměříž and unemployment in this region. The thesis describes the main charakteristics of labour market in the territory of county Kroměříž and his special signs too. Theory is being explained by fundamentals terms like labour market, unemployment, unemployment rate and active and passive employment policy. Single chapters describes risk groups on the labour market like women, school leavers, Roms, foreigners and disabled people. Unemployment is connected to the psychological and sociological aspects. That's why thesis describes a negative impact to the unemployment of the people. Focus is apllyed to the bureau of labour and their function on labour market like agent of work. Thesis is focused on the Strategy industrial zone Holešov too. This can offer a lot of job places. Thesis describes risk factors like aging of population, decreasing natality and other.
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Attitudes of MERCOSUR and Andean pact to the Free Trade Area of Americas
Řiháková, Veronika ; Hnát, Pavel (advisor) ; Krč, Jakub (referee)
The objective is to identify attitudes of two Latin Americas' integration groupings - MERCOSUR and Andean Community - and their members to the Free Trade Area of Americas. The groupings take different attitudes to FTAA - MERCOSUR with its leader Brazil fights againts creation of the FTAA, on the contrary, two members of the Andean community signed the free trade agreements with USA. Briefly I characterize the groupings, its members (Brazil, Colombia and Peru), trade bindings and I try to identify the strategic sectors of economy that play an important role in the decision making process about creation of the FTAA.
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Efektivnost monetární politiky při nulových sazbách
Mandok, Denis ; Jílek, Josef (advisor) ; Munzi, Tomáš (referee)
This thesis explores efficiency of monetary policy under zero lower bound condition. At first, is defined a role of monetary policy and criteria to judge the effectiveness of monetary policy are introduced. Then reactions of central banks of USA, Japan and Euro zone are explored. Thesis found out that monetary policy can be effective under a condition of zero lower bound. As last is introduced idea how to improve current monetary regime.
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