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The Impact of "Doi Moi" Reforms on the Economy in 2004-2014
Doan Duy, Tuan ; Strejček, Ivo (advisor) ; Klement, Josef (referee)
The goal of the bachelor thesis is to analyze the impact of the Doi Moi reforms on the Vietnamese economy in 2004-2014, which has started in late 80s of the last century. The theoretical part deals with the basic macroeconomic aggregates, alternative indicators of living standards, the effects of international trade on economic growth and particular attention is given to the chapter comparing centrally planned economy to a market capitalism. This theoretical background will provide information base for the data analysis in the practical part of the bachelor thesis. The analytical part explores the reform period and the reasons for the implementation of liberalization reforms, which affect the country's economy even thirty years after their launch. The analysis shows that the bridge between the previous and present centuries are the later effects and externalities arising from the reforms. That means growing private sector, which has become stronger in the last decade of the last century so from the beginning of the new millennium it has become the main drive of economic growth in Vietnam.
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Stimulation of demand versus stimulation of supply: tax reforms in the US in the second half of the twentieth century
Jirásek, Vojtěch ; Strejček, Ivo (advisor) ; Zeman, Martin (referee)
The aim of the thesis is to compare the Reagan tax reforms in the US in the 80s with the Kennedy-Johnson tax policy from the 60s. Tax policy is a key tool to influence the economic situation in a country. The topic of tax reform is particularly timely in connection with the United States presidential elections. The thesis responds to criticism of Hillary Clinton and of economic policy of R. W. Reagan. Stimulation of demand in the 1960s and stimulation of supply in the 80s (both stimuli conducted mainly through the reduction of tax rates) provide similar results. In the period after the reforms GDP grows and unemployment decreases. On the contrary, we can see a reduction in the amount of collected funds in the period shortly after the reforms that in the long term returns to its original value and continues to grow. The thesis therefore brings important recognition of the positive impact of tax cuts on macroeconomic aggregates and of the long term increase of tax revenue to the state budget.
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Possibilities and impacts of potential liberalization of the alcohol market in the Czech republic based on the data from 2009 to 2015
Šilhavá, Lada ; Štípek, Vladimír (advisor) ; Strejček, Ivo (referee)
The target of this Bachelor thesis was to analyse the Alcohol Market in the Czech Republic and its regulation by excise taxation between 2009 and 2015. It aims on modeling potential situations of the market liberalization. Especially it examines changes in state budget and alcohol consumption as a result of fluctuation in both excise tax and value-added tax. It also deals with potential changes of medical services costs in relation to variable alcohol consumption. Some of the partial conclusions in this work are based on expierences from alcohol prohibition period in specific countries. The work includes introduction to Czech legislation, as well as it describes the excise taxes in terms of alcohol use. The Laffers curve has been applied on alcohol market and results into an conclusion, that involves reducing the excise taxes what will lead to stimulation of the relevant economic sector and may have effect on the services industry as well. The thesis is also recommending solutions on increased medical services costs in relation to higher alcohol consumption.
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Europe 2020 strategy and achieving its goals by member states in the years 2010-2015
Krulichová, Kamila ; Strejček, Ivo (advisor) ; Štípek, Vladimír (referee)
This bachelor thesis focuses on the growth strategy of the current decade - Europe 2020. After the failure of the Lisbon Strategy there were again set some ambitious goals, which should lead the economy of the European Union to the so-called " new growth " . The main goal of the analysis is on the basis of evolution in the five core areas of strategy in the years 2007-2015, to verify or disprove the hypothesis that so far , the European Union was successful in achieving its growth targets , embodied in the ten-year Europe 2020 strategy. The gathered results disproved the hypothesis, although not in all areas we can talk about the failure of performance of the strategy. The main causes of failure can be considered a long recovery from the economic crisis and also the adverse impact of the migration crisis in present day.
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Financial crisis and state aid to financial institutions in Belgium, France and Germany in years 2008-2014
Skřečková, Monika ; Strejček, Ivo (advisor) ; Lukášová, Tereza (referee)
This bachelor thesis focuses on the issue of impact of the financial crisis on the banking sector with regard to the development of public debt. The goal of the analysis is to evaluate the impact of state aid to financial institutions in Belgium, France and Germany in years 2008-2014 and verify or disprove the hypothesis that the instruments used by the state aid were used effectively and substantially to prevent deepening a public debt. Evaluation of the impact on public debt concludes that the aid can not be considered effective in cases of France and Belgium. Although the hypothesis has been confirmed in the case of Germany, which is the only one among the examined countries where the state aid tends to depress a government debt. The thesis provides a comprehensive summary of the evolution of the financial crisis in the aforementioned EU countries and can serve as a contribution to the debate about the role of governments in financial crisis management.
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Analyse of unemployment in the selected regions in the Czech Republic in the context of the dynamics of economic structure between 2005-2015
Hynek, Tomáš ; Strejček, Ivo (advisor) ; Lukášová, Tereza (referee)
The thesis analyzes the unemployment rate in the districts of Benešov, Příbram, Brno-venkov and Znojmo between 2005-2015 in the context of the dynamics of economic structure and division into the core and periphery areas. The aim of this paper is to analyze unemployment, focus on the specific characteristics of each region and the status of residents of peripheral areas on the labor market. The main task is to confirm or disprove the hypothesis which says: residents of peripheral areas are disadvantaged in the labor market due to economic changes between 2005-2015. The analysis is based on the comparison of the proportion of unemployed people aged 15-64 which provides data up to the district level. Other supporting indicators are public spending on active and passive employment policy, the educational structure of job seekers, the number of large companies in the region, the road intensity and quality of transport infrastructure. The analysis finds out that unemployment in selected regions is influenced by many factors but the number of large companies, the education of job seekers and the transport infrastructure plays the most important role.
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Analysis of sugar industry in 2004-2016 in Czech Republic
Morda, Pavel ; Strejček, Ivo (advisor) ; Štípek, Vladimír (referee)
The aim of this thesis is to analyse sugar industry in 2004-2016. This work examines the influence of the Czech accession to the EU on sugar industry development. The theoretical part deals with an explanation of basic terminology and theories such as production quotas, protectionism, grants or interest groups. This work aims to find out whether the Czech EU accession did or did not do harm to the Czech sugar industry. The main objective of the practical part follows the development of production quotas, prices of sugar and sugar industry in general. Besides other things, this thesis also focuses on the time period before 2004. The Czech Republic is one of the first former socialist states to implement completely regulated sugar market. This work ascertains that rather than by the Czech EU accession, the Czech sugar industry was harmed by historical development, thus mostly by the processes in the 90s when plenty of Czech sugar refineries could not manage the pressure of market environment.
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Czech Privatization Process: The Case of Skoda Auto
Zdražilová, Kateřina ; Zeman, Martin (advisor) ; Strejček, Ivo (referee)
The aim of this thesis is the analysis of the privatization process of Skoda Auto. This analysis results in the evaluation of the privatization of Skoda Auto and its impact on the resultant development of not only the company itself, but also Czech automotive industry and therefore Czech economy as a whole. It has been 25 years since the privatization of Skoda Auto and it is one of the Czech leading enterprises nowadays. Not many works have been written which would explain this process and focused on the follow-up development of the company and the importance of this process to the growth of Czech automotive industry resulting in the growth of Czech economy. The decisions made during the privatization process were crucial to the growth of Skoda Auto and Czech automotive industry. The theoretical section of the thesis studies selected schools of economic thought and their connection to the Czech privatization process. Next, four fundamental pillars of Czech transformation process are described with an emphasis on the transition of property rights. Moreover, the methods of privatization used in Czech Republic are described. The practical section analyses the starting state of Skoda Auto before the privatization took place. Following section describes the privatization itself. The stress is laid on the analysis of post-privatization development of the enterprise which proves the success of privatization process and the significance of Skoda Auto for Czech economy.
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Lyndon Johnson's Great Society: a path to prosperity or collapse?
Strejček, Ivo ; Tajovský, Ladislav (advisor) ; Johnson, Zdenka (referee)
The Great Society programs, enacted in the mid 1960's under president Lyndon B. Johnson's administration, remain even after more than a half-century a controversial topic of American economic history. This thesis analyzes the main measures of the Great Society in context of escalating public expenditures to finance the Vietnam War. The results show major impact of the Great Society deepening of problems the US economy in the 1970's and for current structural imbalances of the Federal budget. The link with closing of the "golden window" is rather indirect and causes of unilateral break of Bretton-Woods Agreement was caused mainly by expansionary monetary policy and seeking of full employment level by the Nixon administration.
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Analysis of the causes and consequences of five crises of the european integration process in the context of economic and political development after Maastricht Treaty
Ševčíková, Michaela ; Loužek, Marek (advisor) ; Daňhel, Jaroslav (referee) ; Zahradník, Petr (referee) ; Strejček, Ivo (referee)
This paper analyses the essential aspects, causes and consequences of contemporary European integration process and examines the performance of individual EU countries. The analysis is done through the view of five crises: first the political and institutional; second the public finance, respectively the debt; third the different quality and competitiveness of single economies; fourth the banking, financial, respectively economic; and fifth the view, which focuses on the psychological aspect of trust. Substantial measures proposed or implemented by the EU institutions are subjects of analysis (European bonds; tax on financial transactions, banking union, fiscal pact and bail-out fund), including their critical evaluation, especially activist policy of the European Central Bank. Summary is contained in the SWOT analysis. This work also proposes recommendation for further development in the Czech Republic. The research section made by testing selected variables among 2003-2012 based on the method Beta convergence confirmed, that instead of theoretical assumption of faster real convergence of EU countries, the divergence between the core and periphery countries took place in the examined period. Beta convergence is confirmed within the designated groups in the new EU member states in the pre-crisis growth and in the overall monitored period. The second method -- the cluster analysis created groups, respectively clusters of countries that are the most similar based on selected indicators. On the one hand, the repeated grouping of core countries into one common cluster was verified with different options of the model. On the other hand, the used Ward's method showed, among others, that in majority of observed periods the countries commonly categorized into periphery groups (such as Italy and Ireland) have greater economic similarities to the core countries rather than countries such as Spain, Portugal and Greece.
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