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Okun's Law and Social Expenditure
Batíková, Marta ; Hanus, Luboš (advisor) ; Baxa, Jaromír (referee)
This thesis analyses Okun's law and its cross-country differences based on social expenditures. To estimate the law in time, Nadaraya-Watson kernel estimation is employed, which has not been applied to Okun's law in any previous study. Thus, to assess the robustness of the model, the statistical testing of hypotheses is used to evaluate the time-varying coefficients. The analysis is executed on OECD countries between 1995 and 2019, and the results are mainly in line with the previous literature. Periods with higher GDP growth and lower unemployment rates, on average, tend to have higher Okun's coefficients. Moreover, cross-country comparison reports the tendency of countries with, on average lower unemployment spending and higher GDP per capita to exhibit higher Okun's coefficients.
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Comparation of development of public budgets at particular political cycles in Czech Republic since 1993 to 2015
Křeček, Štěpán ; Ševčík, Miroslav (advisor) ; Chalupecký, Petr (referee)
The paper provides a comprehensive overview of public budgets in the Czech Republic, focusing on government budgets. The thesis compares the development of fiscal policies in distinct political cycles in the modern era of the Czech Republic. This allows for the analysis of the influence of the fiscal policies on the development of distinct macroeconomic indicators which then makes possible the evaluation of the success of different approaches to budget making. The preparation of public budgets is a periodical activity which happens at all levels of public governance. Therefore, the paper thoroughly analyzes preceding budgets and attempts to reveal the errors make by our governments. A deductive method is used with these analyses and their comparisons to make the foundation for general principles which can be used for the improvement of the budget planning in the Czech Republic.
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Economics growth and social spending - a causal relationship?
Hák, Jiří ; Poláková, Olga (advisor) ; Škop, Vladislav (referee)
This paper aims to explore the relationship of social spending and the economic development of the country or region. Work in the first, theoretical part deals with basic theories of economic growth and their view of the state expenditure on social policy. Due attention is also paid to the basic concepts and types of social policies that significantly affect the size of social spending in the marketing area. As part of the theoretical work will be fundamental characteristics of the measuring instruments for economic growth and social spending. In the second, analytical, part of the thesis will deal with empirical data comparing the economic development with the evolution of the size of social spending in several selected countries. The analysis of this part of the work will be characteristic of otherfactors, the relationship of economic growth and social spending determine, influence, and to some extent and explain, such as unemployment, public revenues and public state debt.
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