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Effect of real exchange rate to productivity and trade of Kenyan tea industry
Mwangi, Speranza Njeri
The aim of this thesis was to understand the relationship between real exchange rates and tea productivity in Kenya. The study was anchored by the Keynesian model of open economies, the Gravity model, the Porters Competitive Model, the Solow Growth Model and the Heckscher-Ohlin model. The study focused on the period 1993 -2022. The study used time series data. The overall objective of the thesis was done through the evaluation of two specific objectives. The first specific objective was to determine the effect of the real exchange rate on the productivity of tea in Kenya. The independent variables included real effective exchange rate, precipitation, and degree of openness. It was found that the real effective exchange rate and the precipitation had a positive and statistically significant effect on productivity. The degree of openness was found to have a negative and statistically insignificant effect on productivity. The second objective of the study was to determine the effect of the exchange rate on the of Kenyan tea. The study established that the real effective exchange rate had a positive but statistically insignificant effect on the trade in Kenyan tea. The study established that the trade of competitor’s tea had a positive and statistically significant effect on trade in Kenyan tea. The study also established that relative prices had a negative and statistically significant effect on the trade in Kenyan tea. Based on the findings, it was recommended that the government of Kenya work to maintain the shilling at levels that stimulate productivity and enact measures to increase the quality and branding of Kenya tea to increase the international competitiveness of Kenyan tea.
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Komparace teorií Keynese, Akerlofa a Hayeka o životním elánu
Konderlová, Dominika
Comparison of the theories of Keynes, Akerlof and Hayek about the animal spirits. Bachelor thesis. Brno: Mendel University, 2016. This bachelor thesis is focused on finding connections between their animal spirits and the existence of the order in macroeconomics by various authors. The aim is to analyze and compare the attitude of John Maynard Keynes, George Arthur Akerlof, Friedrich August von Hayek and other relevant economists the problem of animal spirits. Work includes in particular views on two very different theories - theories of Keynes and Hayek. Furthermore, a comparison of these two theories and others theories that have evolved from Keynesianism. Attention is also paid to the views of selected contemporary economists on the issue of the financial crisis.
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Intra-industry trade v rozvojových zemích
Lambert, Kristián
Lambert, K. Intra-industry trade in developing countries. Brno: Mendel University in Brno, 2014. The thesis is focused on the examination of intra-industry trade in developing countries as a new pattern of trade behaviour and on the process of export diversification in the context of adjustment to relative prices. The study presents the review of literature on the subject of foreign trade of developing countries and different approaches are examined based on their attitudes to the theory of relative prices. The study also provide a literature review of the modern theory of international trade - intra-industry trade (IIT) as a higher stage of development than the theory of comparative advantage. The magnitude of IIT is then measured in the context of developing countries.
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