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The Effect of Exogenous Revenue Shocks on Local Public Spending: The Case of Czech Municipalites
Hrtková, Andrea ; Šťastná, Lenka (advisor) ; Švarcová, Natálie (referee)
This thesis is devoted to an analysis of the impact of exogenous revenue shocks, both positive and negative, on spending in the Czech municipalities. A closer look is also taken into the different reactions of different political affiliations of the mayors to changes in tax revenues. Although there have been written several studies which have focused on reactions of shocks to revenues on local public spending, our research should serve as a starting point in completing existing gaps in this field of study in the Czech Republic. Empirical methods involving the use of dynamic panel data were applied to test the hypotheses. This research shows that changes in tax revenues have a significant impact on the expenditures of the Czech municipalities. However, the results indicate that the extent and direction of this impact differ across different types of expenditures. Keywords Municipalities, exogenous revenue shocks, fiscal stress, tax revenues, current expenditures, capital expenditures, political affiliation
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The Impact of the Weather and Other Factors on Museum Visits
Hrtková, Andrea ; Chytilová, Julie (advisor) ; Opatrný, Matěj (referee)
This thesis is devoted to an analysis of the impact of everyday weather conditions on the daily numbers of museum visitors. A closer look is also taken into the influence of other factors such as city events or the effects of different days of the week. Although there have been many studies which have focused on influential factors regarding museum attendance, our research should serve as a starting point in completing existing gaps in this field of study. Empirical methods involving the use of time series data were applied to test the hypotheses. This research shows that weather, although not constituting the key determinant, has a significant impact on the daily numbers of visitors to museums. However, the results indicate that the extent and direction of this impact differ across different types of museums. Keywords Museums, attendance, cultural visitor, recreational visitor, weather impact, seasonality
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