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Comparative Analysis of Determinants of Trade in Services: Cases of Ireland and United Kingdom
Saktor, Ira ; Benáček, Vladimír (advisor) ; Paulus, Michal (referee)
This thesis aims to estimate determinants of Services Export from Ireland and United Kingdom. The main contribution of the research lies in the multiple aggregations and categories at which the determinants are examined. Also, this thesis is up to date, to the best knowledge of the author, one of the most exhaustive and deep studies applying gravity model of trade to the exports of services. The core of this thesis consists of the evaluation of determinants for Travel and Business Travel for both, Ireland and United Kingdom; and subsequent analysis of the differences. Furthermore, other categories are discussed. Gravity Model with additional explanatory variables is estimated using the Poisson Pseudo-Maximum Likelihood estimator and robust inference is based on large sample properties. We find that the impact of distance largely depends on category for which the model is estimated. Moreover, we have found substantial impact of both trading partners' GDP and perhaps surprisingly, relatively large and statistically significant impact of common legal origins, regardless of category and aggregation. On the other hand, we have found no evidence of significant impact of trade agreements. JEL Classification F01, F14, C23, C52 Keywords International trade; Determining factors of decision making of...
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Transition of Socio-Economic System in the Russian Federation with Focus on Economy of Sverdlovsk Region
Andrusenko, Ekaterina ; Žamberský, Pavel (advisor) ; Jeníček, Vladimír (referee)
The main objective of this thesis is to evaluate the circumstances and transition of the socio-economic system of the Russian Federation. It is also focused on the regional economy of Sverdlovsk region as a socio-economic subsystem. Uralmash plant is presented here as an example of an economic player in a process of transition. The thesis is based on several specific theories: socio-economic system and its transition, evolution of the economic systems by J. Schumpeter, social choice between chaos and dictatorship based on the new comparative economics, regionalist theory and corporate finance. It is chosen comparative-historical and empirical-statistical methodology. The main finding of the thesis is the inability of the socio-economic system of the USSR to continue in development as a result of dictatorship. However, the new Russian economy fell into a structural shift. The contribution of the thesis is a comprehensive view on transition process in Russia both at national and at regional and local level. Both theoretical and practical sites of transition are reflected. Not only macroeconomic but also microeconomic point of view is taken into account.
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