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The Impact of Financial Development on Innovation: A Comparative Study of Central and Eastern European Countries and Western European Countries
Liu, Yuhan ; Fiřtová, Magdalena (advisor) ; Ramesh, Sangaralingam (referee) ; Jeřábek, Petr (referee)
CHARLES UNIVERSITY IN PRAGUE FACULTY OF SOCIAL SCIENCES Institute of International Studies International Masters in Economy, State and Society Yuhan Liu The Impact of Financial Development on Innovation: A Comparative Study of Central and Eastern European Countries and Western European Countries Master thesis Prague 2023 Bibliographic note LIU, Yuhan. The Impact of Financial Development on Innovation: A Comparative Study of Central and Eastern European Countries and Western European Countries. Mater thesis. Charles University, Faculty of Social Sciences, Institute of International Studies. Supervisor M.Sc. Ing. Magdalena Fiřtová, Ph.D. Abstract This thesis applies a panel dataset of 40 European nations from 1995 to 2021 to investigate the impact of financial development on innovation. Considering the heterogeneity of these European countries, they are divided into two subgroups (Central and Eastern European countries and Western European countries) to carry out a comparative study and determine whether financial development influences innovation differently in the two groups of countries. This paper measures the development of the financial system from four dimensions, consisting of depth, access, efficiency, and stability, and selects two indicators to capture innovation, including innovation input and...
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Desecuritisation and Strategic Narratives: China's 16/17+1 Initiative in the Central and Eastern European Countries
Zhai, Dongyu ; Hornát, Jan (advisor) ; Weiss, Tomáš (referee) ; Snetkov, Aglaya (referee)
This dissertation uses Critical Discourse Analysis to examine China's strategic use of desecuritised language in its 16/17+1 foreign policy targeting the Central and Eastern European (CEE) region. Through the lens of securitisation theory and strategic narratives, the analysis suggests that China's foreign policy narrative targeting the CEE countries is strategic in nature and is a representation of China's ambition to form a new global order. As such, the desecuritisation strategies are used instrumentally to alleviate 'China threat' perception, increase the attractiveness of China in the region, and to further achieve its economic and geopolitical goals. Among political elites in the Visegrád 4 countries, namely Czechia, Hungary, Poland, and Slovakia, the level of reception of China's strategic narratives varies. The pro-China attitude at the governmental level is mainly motivated by economic incentives promised in the Chinese narrative as well as the governments' own political agendas. In a parallel process, converse anti-China sentiments and re-securitisation of China in the countries are largely connected to the primacy of the trans-Atlantic relationship with the US as well as the importance attached to European values. Keywords Chinese foreign policy, Central and Eastern European Countries,...
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The relationship between financial access and growth of SMEs in emerging markets
Zhao, Lulu ; Svoboda, Karel (advisor) ; Korosteleva, Julia (referee) ; Cibulková, Petra (referee)
By using the cross-sectional data from the World Bank Enterprise Survey, this dissertation selects a sample of over 3000 firms from 16 Central and Eastern European countries during the 2008 financial crisis, to assess (1) How effective priori classifications are to identify financially constrained and unconstrained firms in times of economic recession (2) What the main robust determinants are at the firm and country-level that affect SMEs' degree of financing obstacles (3) What experiences and lessons we can learn from 2008 crisis to combat with 2020 and future emerging recession. Our evidence indicates that during the economic crisis happened in 2008, size, industry, ownership and EU dummy are useful priori classifications while distinguishing firms' different degree to financing troubles, although some of other priori classifications appeared on other literature are ineffective. Smaller firms, foreign-owned and firms in manufacturing are more likely to report the financing trouble and have less access to formal sources of finance. However, government-owned firms and firms with adequate educated workers are less likely to be financially constraint. The result confirms that economic freedom, financial market and trade integration all have a significant relationship with SMEs' access to finance. For...
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Economic development and present state of Romania in European Union
Matei, Tatiana ; Jeníček, Vladimír (advisor) ; Ilinitchi, Cristina (referee)
With regard to European Union joining, Romania and Eastern European region have much more attention of the rest of the world. Romania became a phenomenon of Balkan Peninsula during last five years. The aim of the thesis is to describe economic development of Romania before its admission to European Communities and summarize its current economic position in the Union. A part of the thesis is devoted to romanian market environment and assesses especially its attractivity in consideration of the Czech republic.
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