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Dopady vlády prezidenta Huga Cháveze na ekonomický rozvoj Venezuely
Kolmačková, Alena
The aim of this thesis is to analyze the impact of government of Hugo Chávez on economic development of Venezuela. This thesis is divided into three parts: The theoretical part, the analytical part and the proposal. In the theoretical part are defined basic economic concepts, such as national economy, economic development and growth, selected economic and social indicators that determine economic development of the state, the international trade and forms of government. The analytic section is mostly focused on the analysis of five selected indicators in three time periods, which clarify the impact of government of Hugo Chávez on economic development of Venezuela. Final findings of the analysis of five selected indicators are summarized in the SWOT analysis to evaluate the government of Hugo Chávez, together with two possible future scenarios of development. In the proposal are described possible solutions or suggestions for heading of the policy of President Hugo Chávez to ensure the economic development of Venezuela.
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Effects of the value added tax reform on the economy of Republic of Macedonia
Angelovski, Filip
In the year 2000 the old turnover tax was replaced and the value added tax was introduced. The aim of the bachelor thesis is to explore the impact of the value added tax on the economy in the Republic of Macedonia. The research explores the effects from this reform on the GDP as the most important measurement for the economic growth and the inflation rate as the indicator for the price change. For that reason, Vector Autoregressive (VAR) model is applied from the period 1995 to 2016 with yearly data from VAT and turnover tax revenues, GDP growth and inflation rate. In addition to that empirical analysis, Granger test and forecasting technique are used to explore causality and to predict the future behavior. Moreover, the impact of the VAT revenues on the state’s budget of the Republic of Macedonia is investigated. The Ordinary least squares (OLS) model is used analyzing the time series data that unites the revenues from the turnover tax and the VAT under single variable on yearly basis from 1994 to 2016. The Chaw test is implemented in the OLS model to find the structural break that is caused in the revenues by the implementation of the VAT. In the thesis the topics of tax evasion and the role of the Public Revenue Office are discussed as well.
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Comparison of price levels on the countries of Visegrad group after joining the European Union
Bočkoriková, Bernadeta ; Nečadová, Marta (advisor) ; Rusmichová, Lada (referee)
BOČKORIKOVÁ, Bernadeta: Comparison of price levels on the countries of Visegrad group after joining the European Union. University of Economics, Prague, Faculty of Business administration, Department of Economics and Management. Thesis supervisor: Ing. Marta Nečadová, Ph.D, 2017, 48 s. The main objective of this bachelor thesis is to analyse the evolution of different price levels in the countries of the Visegrad Four after joining the European Union and to identify the reasons of the differences. The theoretical part of the thesis defines inflation, describes the possibilities and ways of measuring inflation and briefly describes the consequences of inflation. In this part, there are analysis of the composition consumer basket for each country of the Visegrad Four. Compared are the differences in the structure of consumer price index ant the harmonized index of consumer prices. The practical part of the thesis focuses on the comparison of the price level in the perion of years 2004-2016. Development of the annual inflation rate for each country is explained by annual rate of changes of selected sectors of the consumer basket.
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Comparative analysis of loans to finance housing
Halász, Stanislav ; Radová, Jarmila (advisor) ; Rajl, Jiří (referee)
My thesis focuses on the analysis of financial instruments suitable to finance own housing available in the Czech Republic, especially on mortgages, building savings loans and consumer loans, from the client's perspective. The first chapter presents these three selected options, describes them along with their most important parameters. The second chapter presents three main financial groups in the Czech Republic alongside with their selected products. Individual products are compared and evaluated using preselected examples: buying a property and a reconstruction. Last chapter describes the most common influences on the demand for loan products to finance own housing and analyses them, focusing on the interest rates and the inflation rate.
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Problems with the Phillips curve in developed economies
Krupička, Michal ; Babin, Jan (advisor) ; Slaný, Martin (referee)
My bachelor thesis focuses on the problems of the Phillips curve. Theoretical part is monitoring the development of the Phillips curve. In this part I describe the process of examination of this problem, that had begun a long time before introduction to work of A. W. Phillips. There are also mentioned works related to the Phillips work that were published after his paper and also some of the critics of the model. In practical part I constructed models to verify validity of the Phillips curve. Data of the Czech Republic and the United States of America were used in this part. Conclusion of practical part confirms that the validity of the Phillips curve is quite limited and that the practical use of the Phillips curve to influence the economy is not possible with this model.
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Causes, Impacts and Solutions of Hyperinflation in World
Röschelová, Karolína ; Stará, Dana (advisor) ; Burian, Stanislav (referee)
The aim of this Bachelor thesis is to compare causes, impacts and solutions of hyperinflation in the world. Hyperinflation is the one of three types of inflation which is characterized by a three or more-digit number. This situation affected many countries all over the world, but the thesis focuses on 4 worst cases in history. First, it explains theoretical background of mechanisms of hyperinflation and lists all countries hit by hyperinflation. Then, it analyses the 4 worst cases in history, including at the first place Hungary, then Zimbabwe, Yugoslavia and Germany. In the practical part of the thesis,
I clearly illustrated the division of causes of hyperinflations to political and war, and summarized the most important and interesting facts concerning world hyperinflations. To conclude, I made the final evaluation.
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Fulfilling EU Convergence Criteria by the Czech Republic
Vrba, Václav ; Hrdlička, Pavel (advisor) ; Burian, Stanislav (referee)
The bachelor thesis deals fulfilment of convergence criteria by the Czech Republic. These criteria must be observed in a long-term period to enter to monetary union and adopt euro as a new national currency of the Czech Republic. The thesis is divided into three parts. In the first part is chronological description of European integration, new common currency euro and institutions associated with euro. Shows scenario of the Czech republic for euro adoption. In second part is description of Convergence (Maastricht) criteria in details. Last part deals with analyze of fulfillment these criteria by the Czech Republic. In conclusion is to find a summary of key facts and knowledge mentioned in the thesis. And also evaluation if the Czech Republick is ready to integrate to the Economic and Monetary Union.
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The Comparison of Development of Slovak and Czech Economy
Svobodová, Eliška ; Svoboda, Roman (advisor) ; Michal, Michal (referee)
The diploma thesis deals with the comparison of the development of Slovakian and Czech economy. These countries which together in 1992 are made of a unitary state. The work is focused on their separate economic growth, between the years 1993 - 2015. The theoretical part explains the essence of the various macroeconomic indicators. This part also captures monetary policy which is related to the next chapter - Conditions for having the euro. The main part of the work is to valorize the economic development in the given timeframe. In the begining it is focused on the Czech economy and consequently on the Slovak economy. In tables and graphs for each indicator shown to highest or smallest fluctuations. Included are also the reasons why a given drop / rise occurred. Based on already acquired and calculated data occurs in the next section to compare to the two countries. Economic comparison of these countries are shown in the graph, for each of the macroeconomic indicators. The last part deals with the using the euro in the Slovakian Republic. From the already processeded data are compared to the economic situation that was before and after joining the eurozone. It also identifieds the reasons why the Czech Republic still doesnt have euro. The work even points to the possible impact on the Czech economy after the fulfillment of all convergence criteria.
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Fiscal Policy and its Importance in Development of Economy
Erdenebat, Temuulen ; Brčák, Josef (advisor) ; Milan Robin, Milan Robin (referee)
This diploma thesis deals with the theme of fiscal policy and its importance on Czech economy from 2005 to 2015. In some parts, according to data availability, the author is trying to bring the latest information from year 2016 and predict the development of the economy in the near future. The thesis is divided into two parts, theoretical and practical part.
The theoretical part is focused more broadly on economic policy, formulates its wearers, determines its goals and tools, which are used for achieving the goals. It distinguishes between different types of economic policy. In the next chapter the phases, types and causes of the economic cycle are defined. The implementation of economic policies from two different points of view is also clarified. In the following chapter the author focuses on the main topic of fiscal policy and analogically defines its objectives, instruments and types. Subsequently, the budgetary system of the Czech Republic is analyzed. Separate chapter is devoted to the state budget. The main revenues, expenditures and overall balance are described. Lastly, the process of drawing up the state budget is explained in detail.
The analytical part follows the development of macroeconomic indicators such as gross domestic product, inflation and unemployment in the Czech Republic in the previously mentioned period. Then the development and structure of revenues and expenditures of the state budget are analyzed. Based on the final balance, a resolution for the problematics of Czech state debt is solved. In each chapter of the practical part is an attempt to analyse fiscal policy and its importance on certain developments. The results are compared with selected countries of EU 28.
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The Analysis of the Relationship between Inflation and Unemployment in the UK in the Second Half of the 20th Century
Veverka, Jaroslav ; Mirvald, Michal (advisor) ; Rod, Aleš (referee)
The main goal of this thesis is to analyse the mutual relationship between the inflation rate and the rate of unemployment in the United Kingdom on quarterly based data 1962-1967. At first this thesis introduces papers and empirical studies of some important authors who formed the concept of Phillips curve. Furthermore, there are described also studies which criticize this macroeconomic concept. Within the regression analysis is researched the mutual relationship with aid of the linear, hyperbolical and the logarithmic regression model. The result of this thesis has confirmed the mutual inverse relationship between the inflation rate and the rate of unemployment in the analysed period of time which implies the existence of the Samuelson-Solow modification of the Phillips curve in the United Kingdom in 1962-1967.
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