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Dopad finančních prostředků EU na konvergenci příjmů: případ zemí střední Evropy
Kim, Joo Hyun ; Slaný, Martin (advisor) ; Chytilová, Helena (referee)
The aim of the paper is to examine the convergence hypothesis as well as whether EU funds positively influence income convergence. Four countries of Central European countries are chosen: Czech Republic, Hungary, Poland, and Slovakia, to be compared to EU15 over the period of 1993 to 2015. The original hypothesis states that Poland should show the fastest speed of income convergence; Czech Republic should exhibit the lowest speed according to the convergence hypothesis. Moreover, it is assumed that EU funds have positive influences on income convergence. In order to test the hypothesis, beta convergence and sigma convergence are utilized by running regression models in STATA. The convergence hypothesis is correctly confirmed with the data from the regression models. Furthermore, it is proved that the EU funds brought positive impacts on income convergence based on changes in the income gap in the period of 1993 to 2015. So, EU funds have contributed to the process of income convergence between the four countries towards EU15.
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Real Economic Convergence of the Czech Republic and Germany
Kuc, Matěj ; Dědek, Oldřich (advisor) ; Luňáčková, Petra (referee)
Citizens of the Czech Republic do not view Germany solely as their biggest trade partner, but also as a benchmark of advanced economy in Western Europe. This is the status that the Czech Republic would like to achieve. Comparison with Germany is more relevant than with the average of the European Union. In this paper, I search for answers to frequently asked questions such as whether the Czech Republic is catching up to Germany's level or how long it would take to do so. In the theoretical part of the thesis, I explain the convergence theory using the neoclassical growth model. I focus on the determinants of economic growth as well as the steady state position. Next, I discuss the arguments brought forward by the critics of the neoclassical growth model. The pros and cons of distinct types of convergence are explained in this work, and results of some influential convergence analyses are mentioned. In the empirical part of my thesis, I estimate beta and sigma convergence of the gross domestic product among the regions of both countries between years 1995 and 2009. Cross-sectional and panel data models were used for the estimation of the convergence coefficient. The results of my analysis are then confronted with the theory.
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