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Modelling and forecasting inflation
Nguyen, Tran Anh Tuan ; Hušek, Roman (advisor) ; Formánek, Tomáš (referee)
The aim of the thesis is an analysis of inflation in the Czech Republic in the period 2004 - 2011, using econometric models. This work is divided into two parts, theoretical and practical. The theoretical part describes the definition of inflation, its forms, ways of measuring inflation, positive and negative effects of inflation, causes of inflation and inflation targeting. Subsequently described the historical development of a simple Phillips curve and other modifications. The practical part contains the empirical analysis of inflation in the CR using the models described in the theoretical part, with the help of other alternative forms of the Phillips curve. At the end of their work are selected models to predict inflation. The thesis is the implementation of all the calculations in MS Excel and SAS statistical software program.
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Does the economic growth weaken and kill us?
Ságner, Petr ; Houdek, Petr (advisor) ; Potužák, Pavel (referee)
The thesis analyzes the impact of the business cycle (represented by unemployment rate) on health (represented by mortality rates). Regression analysis has been done on panel data for 20 European countries from 2000 to 2007. Using fixed effects method with inclusion of robust errors, confirms a statistically significant effect of business cycle on 3 specific mortality rates. I reveal, that increase in growth rate of unemployment by 1% point is associated with 1,4% decrease in growth rate of mortality due to liver disease, 1,4 decrease in growth rate of mortality due to traffic accident and 1,7 increase in growth rate of mortality due to suicide. This confirms the hypothesis about the short-term positive impact of economic downturn on human health, with suicide as an important exception.
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Information and Communication Technologies in the Czech Republic
Honsa, Viktor ; Mičúch, Marek (advisor) ; Kovanda, Lukáš (referee)
Development of information and communication technologies (ICT) has recently increasing importance. ICT has therefore become one of the effective tools in process of optimization and increase of competitiveness on the market. As a result of this trend, there are already some studies, having ambitions to explicitly formulate their importance. The application of ICT in the Czech Republic is similar, but there are not many studies with such ambitions. This thesis analyzes (i) the relations between, the use of ICT, total factor productivity and growth of gross added value in the Czech Republic in 1997-2007 based on growth accounting and (ii) based on econometric analysis of panel data for the Czech Republic, also estimates the importance of selected determinants influencing adoption of ICT. The output of the thesis consists of (i) determining the contribution of each input and discussion of possible synergies of ICT capital deepening and total factor productivity and (ii) specification of variables that are, based on the formulated model, shown to be statistically significant and they may affect the adoption of ICT.
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Getting cardiovascular diseases by owing car?
Sojka, Jan ; Houdek, Petr (advisor) ; Brožová, Dagmar (referee)
The thesis analyzes the relationship between the growth of automobilism and cardiovascular mortality using data from the 18 European countries from 1997-2003. It describes basic factors of prevalence cardiovascular diseases (CVD) and econometric analysis which was made by using Arellano-Bond model. The analysis confirms positive relationship between the amount of pasager-kilometres and cardiovascular mortality. Further it confirms negative relationship between the dependent variable CVD mortality and amount of bypasses, the GDP growth, education and coffee consumption. Among the explanatory variables marriage, smoking and dependent variable was found the positive relationship. Reverse causality was discussed consequently after using The Granger causality tests. The estimated results were used to discuss the recommendation for government policy.
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Macroeconomic fundamental analysis of Europe, Asia and America with accent on banking sector
Petr, Pavel ; Veselá, Jitka (advisor) ; Sadílek, Tomáš (referee)
The aim of the thesis is analysing and evaluating the situation in each region through macroeconomical factors. First chapter is focused on Europe. The most interesting part of this chapter is the fiscal policy. Second chapter provides insight to fascinating Asia and its huge rise in recent past. Third chapter provides analysis of development of interesting economical values in America. Last fourth chapter includes econometrical analysis of relationships between time series of macroeconomical values and stock prices of representative bank shares from all regions enriched by equations for forecasting of future stock prices.
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Analysis of inflation dynamics in Czech Republic
Hubálek, Ondřej ; Hušek, Roman (advisor) ; Formánek, Tomáš (referee)
Bachelor work is focused on analysis of inflation dynamics in Czech Republic using econometric models. Inflation with its impacts, costs and possibilities of measuring is described in the first part of this work. There is also described influence of Czech national bank on inflation progress and inflation targeting. Part also contains basic econometric models for inflation analysis and models of adaptive expectations. Consequently there is described theory of econometrics analysis, focused on ordinary least squares method. There are also described factors that can negatively influence significance of estimated models. In the concrete it is heteroscedasticity, autocorrelation and multicolinearity. The empirical part contains econometric analysis of inflation in Czech Republic by itself, using models described in theoretical part. There are also used other models, coming out of economic hypothesis. In the end there are selected models for inflation prediction.
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Attendance of the Zoological Garden in Jihlava
Královská, Radka ; Hudík, Marek (advisor) ; Lahvička, Jiří (referee)
In this work I investigated the influence of selected factors on attendance of the Zoological Garden in Jihlava in the years 2001-2010. Each time series of monthly visitors were subjected to econometric analysis to determine the influence of explanatory variables on attendance. The work leads to the conclusion that attendance is significantly affected by air temperature, which was confirmed in all four models studied. Neither rainfall nor the price of admission didn't confirm the influence on the attendance of the Zoo, which may be due to low number of observations. The most significant impact on attendance had months of April and November, while other months were found to be very important in terms of attendance Zoo Jihlava.
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Postmerger Financial Performance: Econometric Analysis
Volgina, Vera ; Hnilica, Jiří (advisor) ; Sieber, Patrik (referee)
There are numerous researches done in the last couple decades dedicated to the observation of impact of merges and acquisitions on the performance of the company. The topic is considered to be up-to-date, as still there is no common approach to evaluating of benefits mergers are about to bring to a new established entity. In this thesis the issue of post-merger financial performance is investigated on an example of three biggest energy companies in Europe: RWE, E.ON and Vattenfall. The aim of the thesis is to find out whether financial performance of chosen companies improves after the merger occurs. This target is elaborated with a help of the analysis of commonly used financial ratios in corporate finance and construction of two regression models, which explain the interrelations between basic indicator of the company's growth (net income), the fact of the merger and determined financial ratios. As an outcome of the research, a few findings were obtained, such as worsening of financial performance three to five years after the merger, with continuing improvement in further years, quite stable financial indicators before the merger, positive interconnection between the fact of the merger and the net income. Such outcomes might be considered as significant, though further research and elaboration of the topic can be performed in the future.
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