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Export opportunities on the markets of baltic states
Chroboček, Jakub ; Černohlávková, Eva (advisor) ; Čajka, Radek (referee)
In this thesis, the opportunities for Czech exporters on the markets of baltic republics-- Lithuania, Latvia and Estonia - are analysed. In the first part, I describe the basic economic characteristics of these states, their rapid economic growth till the beginning of the economic crisis in 2008 and the consequences which it brought. In the following chapter I analyse the Czech -- Baltic relations, the balance of trade with goods and services and diplomatic relations too. In the last chapter, there is information about business environment in Baltic republics and the sector with high export potential for Czech goods to Lithuania, Latvia and Estonia.
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The effect of political decisions on GDP: Can poverty be solved politically?
Králová, Barbora ; Volenec, Otakar (advisor) ; Kochan, Jan (referee)
This thesis examines whether democracy leads to economic development. GDP graphs are used as indicators of economic development, Polity IV's graphs as indicators of the political situation in the respective country. Three Subsaharan countries are examined: Nigeria as a country that prospers thanks to its mineral supplies, Ghana as one of the developed countries in Subsaharan Africa and Zimbabwe as an autocratic country ruled by a dictator. Links between democracy and economic development have been proved fully in Ghana, partially in Zimbabwe and the Nigerian economy is dependant on the world oil prices more than on its democratic development.
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Education in the Democratic Republic of Congo, a specific form of education support in Lubumbashi
Pešatová, Iveta ; Šaroch, Stanislav (advisor) ; Bič, Josef (referee)
This bachelor thesis discusses the importance of education, concretely in the Democratic Republic of Congo. Its objective is to describe the relationship between education and economic growth, analyze fulfilling the Millennium Development Goals in the field of education in DR Congo and to demonstrate the importance of the operation of intergovernmental and non-governmental organizations in this country where the state has failed in this field. The theses explores the congolese educational system from within through the use of quantitative research, from the perspective of Czech volunteers who were teaching in the Salesian Centres in DR Congo, concretely in Bakanja Centre in Lubumbashi.
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The Analysis of the Competitiveness Factors of the Czech Republic
Pichrt, Lukáš ; Vostrovská, Zdenka (advisor) ; Chalupníček, Pavel (referee)
The aim of this theses is to answer the question, whether the Czech republic is able to compete in the international context. It is difficult to define the national competitiveness, therefore the first part of the theses is focused on the measuring and evaluating the national competitiveness. On that background the determinants of the Czech competitiveness are analysed in the second part of this work. Mainly the quality of the Czech institutions is the obstruction to economic growth, therefore the possible solutions are presented.
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Corruption and Economic Growth
Klepek, Cyril ; Běláčková, Vendula (advisor) ; Chalupníček, Pavel (referee)
The paper focuses on the issue of corruption and its affect on economic growth. In examining these effects, the study directs its attention at the European Union and is divided into two parts. In the empirical section, the results of a regressive analysis confirm the initial hypothesis of the negative effect of corruption on economic performance. The study then describes the effects of corruption on economic growth using direct and transmission mechanisms. The theoretical part of this study presents information on the problems of this phenomenon in terms of its identification and measurement. The study also considers the differing situations in European Union Member States and disproves the assumption that the EU is divided into the corrupt east and non-corrupt west. In view of the confirmation of the negative effect of corruption on GDP growth, the study presents possible solutions, which in particular call for the need for an effective and enforceable legal system.
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Forecast of deflationary forces in economy and impact on asset values
Kaška, Jan ; Mařík, Miloš (advisor) ; Krabec, Tomáš (referee)
In current valuation and economics disciplines, it is a commonly held belief that financial crisis is over and a big threat to world economic system is inflation. While many assumptions of these claims are of certain significance indeed, this thesis proves a non-trivial chance of outright deflation. Author of this work also shows that attempts of governments and central banks aimed at avoiding deflationary scenarios ultimately cause slower growth and elevated variance in economic activity. Due to existence of such causality, a new variable "tau" entering into CAPM model's risk premium was developed as the original model had previously not captured for impacts of monetary and government policies. In order to quantify a probability and strength of deflationary forces in developed world, three distinct approaches were utilized -- quantitative assessment, historical comparisons, and a pure economic theory based reasoning. Value of variable tau was determined by regressing relationship between implied risk premium and changes in monetary policy while testing for different time lags. Results of the work point to a 10-20% chance of deflation in developed world. Extremely loose monetary policy worldwide than warrants augmenting additional 1-2% risk premium to current implied risk premium of US stock market. Although newly defined models would certainly need more work and refining, author believes that the augmented CAPM version does a good job capturing the "irrational exuberance" mentality attached to policies of major central banks around the world. The three year lead of model-based risk premium compared to the implied one is perceived as one more contribution to current valuation process and understanding of risk.
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The Solow model and the empirics of economic growth
Macho, Ondřej ; Chytil, Zdeněk (advisor) ; Potužák, Pavel (referee)
The aim of this work is to accomplish an analysis of an economic growth of selected countries by using the Solow model. The main goal is to determine whether the current economic growth proceeds according to the Solow model and whether this model is a proper tool to analyze an economic growth. At first, theoretical assumptions and individual components of the model are described. The analysis itself is then achieved by sequential application of macroeconomics indicators of selected countries, which are divided into three groups according to its distinctive economical features, to three types of the Solow model (the basic Solow model, the human capital augmented Solow model, the human capital and technological know-how augmented Solow model). The application is implemented by the statistical-empirical software Gretl. At the end of the work, regarding mainly to results of the empirical testing, the augmented Solow model including the human capital and the technological know-how is established to be a proper tool to analyze an economics growth.
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Europe 2020 Strategy in the Context of Modern Growth Theories
Katocsová, Veronika ; Abrhám, Josef (advisor) ; Bič, Josef (referee)
The diploma thesis deals with Europe 2020 strategy and its targets in the context of growth theories. The thesis aims at relating the measures suggested by the strategy to the implications of the growth theories. First, the targets are compared with the current situation in EU member states and problem areas of European competitiveness are identified. Growth models described in the first chapter yield some normative recommendations with respect to growth policies. Based on these conclusions, the thesis discusses the policies designed in the Europe 2020 strategy and their implications for economic growth in the EU.
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Composition of Public Expenditure and Growth: Is there a Nexus?
Pejsarová, Iva ; Klosová, Anna (advisor)
This paper investigates the effects of the composition of public spending together with the impact of fiscal decentralization on growth for a set of four Central European countries over the period from 1995 to 2010. The main contribution to the current literature arises from the fact that for the first time, this paper examines a possible common trend of the variables which may lead to misleading results if left untreated. Indeed, most variables suffered from this problem. The interpretation of obtained results must therefore take this issue into account. We found that expenditure on education and defence seems to have positive and significant impact on economic growth. On the contrary, economic affairs consistently exhibit a negative and significant impact on the growth rate. In addition, fiscal decentralization seems to be beneficial for economic growth of the concerned countries. Furthermore, the implication of a strong negative impact of economic affairs is robust regarding different specifications, and especially with respect to the common trend issue.
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