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The impact of economic freedom and finance accessibility on new firm formation
Mattanelli, Matyáš ; Mareš, Jan (advisor) ; Novák, Jiří (referee)
This thesis investigates the effects of economic freedom and finance accessibil- ity on new firm formation. The former is proxied by the Index of Economic Freedom and its subindices published by The Heritage Foundation, while the latter is represented by four characteristics of the country's financial system re- trieved from the World Bank's Global Financial Development Database. The dependent variable is proxied by the measure of new business density obtained from the World Bank's Entrepreneurship Survey and database. As a result, the data set employed in this thesis is an unbalanced panel consisting of 136 countries observed between the years 2006 and 2017. Given the inclusion of past realizations of the dependent variable, the models are estimated by the dynamic panel estimator System GMM. The variables found to affect new firm formation positively and with a statistical significance are economic freedom, financial freedom, and rule of law. The last variable captures the degree of pro- tection of property rights and the country's level of corruption. On the other hand, the findings suggest that countries with less stable banking sectors enjoy greater new firm formation rates. No significant relationship has been found between financial access and new firm formation.
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Faktory ovplyvňujúce ekonomickú úroveň krajiny
Bobošová, Terézia
This thesis deals with the identification of factors influencing the level of economic performance of the countries. A theoretical platform presents the total population, the technological level and the economic freedom as possible factors of influence. Groups of countries, which have the similar character of the level of economic performance, are sorted out by cluster analysis. To describe the common factors influencing the level of economic performance among every created group of countries the panel data models are used. The results prove the influence of total population, technological level and economic freedom in the most developed, moderately developed and in developing countries around the world. Each of these indicators shows the positive effect on the level of economic performance, thereby creating an opportunity for the improvements.
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Happiness and Income
Machová, Veronika ; Cahlík, Tomáš (advisor) ; Pertold-Gebicka, Barbara (referee)
This thesis examines relationships between average national subjective well-being and three economic factors-income (expressed as gross domestic product [GDP] per capita), unemployment, and economic freedom-applying fixed effects, random effects, and correlated random effects methods on panel data for countries worldwide, which are divided into three groups based on their level of development. Two measures of subjective well- being-feeling of happiness, and life satisfaction-are used, and the outputs are then compared for both. The results indicate that all three factors have a significant impact on subjective well-being, and GDP per capita seems to be the strongest determinant thereof. Moreover, the findings differ depending on whether life satisfaction or happiness is used as the measure of subjective well-being. The effects of GDP per capita and economic freedom are higher on the former than the latter.
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The Determinants of Software Piracy in European Countries
Kozlova, Alina ; Janíčko, Martin (advisor) ; Babin, Jan (referee)
This thesis's main focus is to test the influence of selected growth factors on the rate of software piracy in 25 European countries. The model uses the following determinants: GDP per capita, the Gini coefficient, GNI per capita, gross domestic spending on research and development, the share of labor force with tertiary education, index of economic freedom, intellectual protection rights index and internet coverage. Based on data for the years 2007 - 2011 I present 5 econometric models, which are estimated with the help of a panel regression. It turns out that economic factors such as GDP and GNI per capita, have a negative impact on the piracy rate and annual growth of internet users supports increasing level of piracy. The other determinants do not significantly affect the piracy of software, but the negative direction of the growth of the workforce educational level on piracy was confirmed.
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Comparison of the Development of Selected Components of Economic Freedom for Slovakia and Romania between 2000 - 2013
Kožený, Aleš ; Ševčíková, Michaela (advisor) ; Procházka, Pavel (referee)
The aim of this Bachelor thesis is the evaluation of the evolution of economic freedom of Slovakia and Romania at the time of their accession to the EU. The theoretical part deals with the theory of economic freedom and with the methodology of its measurement. It also focuses on the process of expanding the EU and the issues related to accession negotiations. The practical part of this work analyses the evolution of economic freedom in Slovakia and Romania using the regression analysis. This work analysis political and economic measures of these countries and their effect on the final rating of economic freedom as well. Said rating is then compared with the evolution of GDP. Using the example of Slovakia and Romania, this work verifies the validity of given hypothesis that the growth speed of economic freedom and liberalization of individual countries slows down after their accession to the European Union.
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Does economic freedom reduce country's suicide rate?
Fabian, Jakub ; Melzochová, Jitka (advisor) ; Brožová, Dagmar (referee)
This paper analyses the relationship between economic freedom and suicide rates in the world. Economic freedom in this study is described by two most respected indexes by Heritage Foundation and Fraser Institute, whose impact on suicideness is examined separately. This study uses cross-sectional data from the year 2012. Analysis suggets ambivalent effect of economic freedom on suicideness. Therefore, this paper divides economic freedom to two aspects: Personal economic freedom and business economic freedom. High personal economic freedom lowers the sucidie rate, while business economic freedom can act in the opposite direction and increase the suicide rate.
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Statistical analysis of the index of economic freedom
Sejk, Lukáš ; Vrabec, Michal (advisor) ; Blatná, Dagmar (referee)
The aim of this bachelor thesis is to statistically analyze the relationship between economic freedom index issued by Canadian Fraser Institute and the Index of Economic Freedom published by the Heritage Foundation in conjunction with The Wall Street Journal. Stated goal we try to achieve by means of statistical methods of data analysis. The first part shows the theoretical background of the both indexes of economic freedom and their input parameters. In the second part we try to statistically analyze the relationships between them and interpret their results. Also we look at the evolution of the economic freedom index for the Czech Republic and neighboring countries, Poland, Germany, Austria and Slovakia.This thesis would point on different results in the two indexes above, although both are trying to quantify the same socio-economic phenomenon. In conclusion, we show results, that we achieved and their possible interpretation.
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Causes of poverty in African continent
Plný, Petr ; Pikhart, Zdeněk (advisor) ; Štípek, Vladimír (referee)
This work researchs whether the cause of poverty in Africa is lack of capital as it's claimed by the theory of the vicious circle of poverty or low rate of economic freedom. The validity of the theory of the vicious circle is a basic prerequisite for the provision of foreign aid. Its opponents claim it put exaggerated emphasis on the narrowly defined capital and it ignores other growth factors, especially the quality of institutions expressed by the rate of economic freedom. The results of a literature search of the vicious circle of poverty. The cumulative regression model panel data confirms the hypothesis about the statistical significance of the impact of changes in the rate of economic freedom the African country on its standard of living. The transformation of the model to models of individual effects but subsequently the hypothesis about statistical significance couldn't unequivocally confirm. Several regression models with cross-sectional data subsequently it accepts the hypothesis of African country with a higher rate of economic freedom it achieves a higher standard of living as well than countries with a lower rate of freedom.
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