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Analysis of the EU regulations in the field of Information and Telecommunication technologies and their effect on the single market
Hart, Ludvík ; Procházka, Pavel (advisor) ; Strejček, Ivo (referee)
The bachelor thesis describes the EU regulations in the field of information and communication technologies (ICT), particularly the Digital agenda for Europe strategy. These regulations are then tested for their influence on the European single market. The major question answered here is whether the EU regulations in field of ICT have a positive impact on the EUs single market. Answer to this question helps us evaluate the ongoing Digital agenda strategy. The impact of the regulations is analysed by induction of the following indicators, international trade, ratio of population buying online, DESI index and NRI index. With this method it is possible to tackle the wide range of fields the Digital agenda covers. I conclude this work with the statement, that European ICT regulations do have a positive impact on the single market, although are problematic due to the slow legislative process and low efficiency in addressing the regulated issue.
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Analysis of real and nominal convergence of the Visegrad Group in the years 2000-2015
Wikturna, Jan ; Strejček, Ivo (advisor) ; Zamrazilová, Eva (referee)
This Bachelor thesis is focused on a macroeconomic analysis of the process of the real and nominal convergence of the Visegrad Group countries to the old member states of the European Union, called EU-15 during the period of 2000-2015. The objective of the analysis is to confirm or disprove the hypothesis that in the selected period there is a convergence of the economically backward V4 countries with the advanced EU-15 countries and to highlight the factors that are behind the narrowing of the gap in economics and price levels. The theoretical part deals with the ways in which we measure and compare the economic performance and economic level, and explains the different approaches of the problem of economic growth and the subsequent catching up effect. The practical part is focused on a comparison of elected macroeconomic indicators and reference is made to the selected factors to determine whether, and for what reasons, the economic convergence of these selected countries made towards the developed countries of the EU-15. The analytical part confirms the ongoing process of the real and nominal convergence throughout the period, but its course is varied during different times of the period. In conclusion, it is found that the rate varied by the convergence processes and in fact positively affected the V4 countries, that joined the European Union. The incoming dynamics of the convergence, especially the prices, were significantly disrupted by the economic crisis.
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Fiscal rules in selected EU countries between 2004-2015: sensible method for consolidation of public finances or fad of politicians?
Veselý, Lukáš ; Strejček, Ivo (advisor) ; Chmelová, Pavla (referee)
The subject of fiscal rules is very topical issue. The rise of public debt in certain developed countries resulted in what is sometimes called "debt crisis". Debt of those countries which is higher than their annual gross domestic product is viewed as unpayable by some economists. The main objective of this thesis has been to prove or disprove hypothesis that the fiscal rules studied in this paper are an effective solution for public finance consolidation. This verification was based on the analysis of fiscal rules functioning in selected countries between 2004 and 2015. As per results of analysis the paper aims to give recommendations for the Czech financial constitution proposal. The actual results of inquiry proved the hypothesis. Well-chosen fiscal rules are the right way towards fiscal consolidation, provided they are observed. Fiscal rules making thus requires an emphasis to be placed on the well-formulated exit clauses altogether with prospective sanctions. The current Czech financial constitution proposal is built on the correctly picked fiscal rule type, although the reference value lacks economic sense and it would not lead, with a high degree of probability, towards fiscal consolidation.
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The impact of the economic cycle to finance the defense of the Czech republic in years 2004-2014
Heres, Ondřej ; Chmelová, Pavla (advisor) ; Strejček, Ivo (referee)
This bachelor work examines the impact of economic performance on financing the defense sector in the Czech Republic in the years 2004-2014. The main questions are whether this influence is clear and the extent to which is essential for funding this sector. The work also provides a basic overview about development and structure of the Ministry of Defence budget in these years. The theoretical part contains theories of business cycle and public sector and briefly introduces the basic institutions that are tasked to provide a defense. The analytic part analyzes the expenditures and revenues of the Ministry of Defence and assesses their mutual influence and simultaneously the influence of GDP on these indicators. To compare with previous findings, the GPD growth rate and the growth rate of defense expenditures in selected countries of NATO are analyzed in brief in the last chapter. While findings based on data from the Ministry of Defence have rather anticyclical development of defense expenditures, in selected countries of NATO, the development is more procyclical. It highlights the very ambiguous impact of the economic cycle on expenditures in the defense sector.
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Development of interest rates in the mortgage market in the Czech Republic between 2006-2016
Ditrichová, Gabriela ; Strejček, Ivo (advisor) ; Klement, Josef (referee)
This bachelor's thesis is focused on the development of interest rates in the mortgage market in the Czech Republic in the decade between 2006 and 2016. A strong economic growth between 2006 and 2007, which had positive effects in the mortgage loan market, was followed by a deep slump in the form of global financial crisis unleashed by speculations in the real estate market in the U.S. The main aim of the work is based on the development of mortgage interest rates and the significant factors that affect their amount - to verify or disprove the hypothesis that interest rates respond to changes of these factors. The results confirm the hypothesis only in certain areas. The influence of changes of interest rates has been proven in the case of inflation and discount rates by usage of the econometric model. Factors that have not shown a significant direct influence of interest rates may have an indirect influence on their change.
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Regulative payments in Czech healthcare system - analysis of the period 2008 - 2014
Ullmann, Jan ; Lukášová, Tereza (advisor) ; Strejček, Ivo (referee)
This bachelor´s thesis analyzes the impact of regulative payments on Czech healthcare system in years 2008 - 2014, mainly on effectiveness of the healthcare system and on the total costs of the Czech healthcare system. On the basis of official data from the years before implementation of regulative payments, the author compares the real effects of their implementation with the those expected and also predicts the possible effects of abolishing majority of regulative payments since January the 1th 2016. In this thesis, the author also analyzes the impact of regional politics on regulative payments in the year 2009, on the basis of changes in years 2007 - 2009 researches whether the introduced regional legislations had any impact on effects of regulative payments.
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Comparison of the sickness insurance system in the Czech Republic and in the Kingdom of Spain in the years 2005-2015
Zukal, Marek ; Lukášová, Tereza (advisor) ; Strejček, Ivo (referee)
This bachelor thesis provides an analysis of sickness insurance systems and wage compensation, conditions of obtaining sick benefits and costs related with these issues in the Czech Republic and the Kingdom of Spain. The differences between aforementioned systems emerge from different approach to social policy, the Spanish system is more complicated and based od data quoted it is possible to say that it encumbers public budgets more than the Czech system. Both systems however have the same function - they secure individuals against negative effects of social risks such as illness and maternity (or pregnancy). The Spanish system, generally speaking, fulfils this function better than sickness insurance in the Czech Republic, which is supported by higher compensation ratios of benefits in relation to standard income of individuals, who are provided with them. Sickness insurance in the Czech Republic is characterized by higher rate of solidarity than the system in the Kingdom of Spain, where a principle of equivalence is more widely applied. Since the trend of social costs of public budgets is rising, the subject covered is economically topical and the analysis has a potential to provide incentives to improve the systems.
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Impact analysis of rental housing deregulation in the Czech Republic in 2005-2013
Hanzlíček, Roman ; Štípek, Vladimír (advisor) ; Strejček, Ivo (referee)
This bachelor thesis deals with the deregulation of housing prices issue. The theoretical part is dedicated to the economic theory of housing offer and demand, economic theory of state regulation of rent and on ways of abolishing these regulations. Furthermore it displays the regulation and deregulation process in our country. At the end of the theoretical part it shows the means of subsidising housing for the socially weak. The practical part covers a model example of three socially weak households, and demonstrates on them the evolution of rent during the deregulation period and the evolution of the subsequent housing subsidy. It also proposes alternative ways of boosting the socially weak households in the form of a negative income tax and customised finish housing allowance. Main contribution of this work is the evaluation of the whole deregulation process, used social policy tools and the suggestion of alternative means of social benefits.
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The impact of falling oil prices on economy of Russian federation in years 2006 - 2016
Sviták, Daniel ; Strejček, Ivo (advisor) ; Klement, Josef (referee)
The goal of this bachelor thesis is to analyze the impact of oil slumps on Russian federation between years 2006 and 2016 with special focus on the Dutch disease phenomenon and its reverse in times of low world oil prices. Dutch disease is a part of natural resource curse, which is characterized by lower economic performance of economies with natural resource abundance. The negative impact of low oil prices on Russian economy is showed by depreciation of ruble and lower state income, which is causing deepening of government budget deficits in 2009 and 2015. The basic assumption in case of the Dutch disease, de-industrialization of economy, is not satisifed. I deny the validity of the Dutch disease hypothesis in case of the Russian federation. Oil slumps did not have any significant influence on symptoms of the Dutch disease.
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