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Mining industry and regional development of the most important mining regions of Colombia
Soukupová, Karolína ; Burdych, Tomáš (advisor) ; Vágner, Jiří (referee)
The work focuses on the analysis of impacts and benefits of mining activities on a regional development of the main mining regions of Colombia. The socio-economic benefits of mining and its positive and negative impacts on individual actors, especially on the population, will be explored on a sample of selected mining regions. The work is based mainly upon the research of Academic Articles, Internet and Local Media News reports. The theoretical framing of the work is based mainly upon the hypothesis of the natural resources curse and the theory of Dutch disease. The analysis is based on available statistical data related to individual mining regions. key words: Colombia, Natural Resource Curse, Mining, Natural Resources, Regional Development
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Occurrence of the Dutch Disease in the Azerbaijani economy
Valiyev, Asim ; Sejkora, Jiří (advisor) ; Sankot, Ondřej (referee)
This bachelor thesis focuses on the presence of Dutch Disease in the Azerbaijani economy. The substance of the thesis is the determination of, whether the Azerbaijani economy is showing the signs of the Dutch Disease and if necessary, to outline measures to mitigate the negative consequences of this disease. This thesis focuses on the symptoms of Dutch Disease, which include real exchange rate appreciation, slower manufacturing growth, faster service sector growth and higher overall wages. The largest part is dedicated to the evaluation whether above mentioned symptoms have direct context with extreme dependence of Azerbaijani economy on oil exports.
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Prokletí přírodních zdrojů: případ Ruska
Belyakova, Elena ; Frömmel, Tomáš (advisor) ; Máslo, Lukáš (referee)
The purpose of this paper is to provide insight into the problem of the natural resource curse, particularly in the Russian Federation, with respect to history, changes in oil prices and the situation in the world arena. With the hypothesis that the changes in oil prices affect the Russian GDP and the development of other non-oil based industries, two different regressions for two time periods are run. The results of the regressions and subsequent test confirm the hypothesis that Russian GDP depends on the oil prices and on changes on the world resource market. It is found, that in the Soviet period there was no dependence of Soviet economy on oil export and prices. The results are in support of the previous paper, written by Benedictow et al. (2010), that indeed Russian economy suffers from the natural resource curse.
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Is Russia sick with Dutch Disease?
Abdullaeva, Nadiia ; Máslo, Lukáš (advisor) ; Prokop, Jaromír (referee)
The aim of this work is to prove a hypothesis whether Russia is sick with Dutch disease or not. In the theoretical part, the author expounds the model of Dutch disease by Corden, Neary (1982) and places the phenomenon into a historical perspective. Further on, the author identifies four main symptoms of the Dutch disease, i. e. an increasing dependence of a country on the export of natural resources, appreciation of the real exchange rate, a decline of the manufacturing sector and a growth of the service sector and, finally, an overall wage growth. In the empirical part, the author tests the presence of the particular symptoms of the Dutch disease in the Russian economy on the data set for the years 1998-2015, drawing upon the research of Oomes, Kalcheva (2007) and extending it by adding the symptom of increasing dependence of a country on the export of natural resources (the 1st symptom) and by prolonging the time series until 2015. The author presents her own multiple regression model with the dependent variable of real effective exchange rate and independent variables interest rate, oil prices and government expenditures, proving a positive correlation of 83% between the real effective exchange rate and oil price. Next, the author proves that the service sector and the natural resource sector increased their respective shares of the GDP in the economy by 6 and 5 percentage points between 2000-2015, while the manufacturing sector decreased almost by the 9 percentage points. By this, the author supports the assumption about the ongoing indirect deindustrialization process and, in effect, supports her assumption about the presence of the third symptom.
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