|
|
Impact of International Trade upon Economic Performance in Europe
Jaroš, Radim
This study investigates the impact of international trade and its composition up-on economic performance in Europe. The study examines the links between trade intensity, intra-industry trade, and the cross-country correlation of business cy-cles. All the data used in the thesis were obtained from the Eurostat database. Quarterly data between the years 1996 and 2012 are used for the calculation of the rolling cross-country correlation of business cycles. Annual data for the peri-od 2000 - 2012 are used to study the relationships between trade and its compo-sition and the economic cycles. The studies findings are of use in the evaluation of the endogeneity of Optimum Currency Aareas criteria.
|
|
|
Vyhodnocení reálné a nominální konvergence ČR a vybraných států k eurozóně
Dufek, Josef
The main objective is to assess the current situation of real and nominal conver-gence Czech Republic and selected countries of the euro area average. In assessing the real convergence of the work focuses on measuring the synchronization of business cycles and structural convergence. Measuring the synchronization of bussines cycles is done in the spirit of the modern concept of OCA theory. When assessing structural convergence is assessed similarities development of sectoral structures and the intensity of intra-industry trade. In nominal convergence are critical Maastricht convergence criteria and the development of the index CPL. While the analysis of convergence shows a high business cycle synchronization and the convergence trend in most countries and developments in the field of structural convergence points to ongoing differences in industrial specialization among the surveyed countries, which could lead to an increased risk of asymmetric shock in case membership in a monetary union.
|
|
| |
|
|
Synchronization of the Business Cycle of Slovakia and the Eurozone through the Industrial Production between the Years 1999-2014
Lipovská, Monika ; Janíčko, Martin (advisor) ; Babin, Jan (referee)
The bachelor thesis treats the synchronization of the business cycle of Slovakia and the eurozone through the industrial production between the years 1999-2014. The aim of the thesis is to verify or to falsify the hypothesis whether there is a synchronization of the business cycles of chosen economies and subsequently characterize this synchronization. The thesis is divided into several parts that intersect themselves. The first one summarizes the actual state of knowledge in the area of the economic cycles. The second chapter offers summary analysis of the respective phases of the business cycle that the Slovak republic and the eurozone noted in their modern history. In the next part the mutual synchronization is empirically evaluated by the correlation coefficient of the cyclical component of time series of the industrial production index of the two selected economies and then the time series are divided into three periods which record the development of the synchronization of the cyclic fluctuations in time. Related to this, the delays of the Slovak economic cycle are tested in comparison with the European cycle. To check the synchronization, the suitable vector autoregressive model is selected and confirms the defined hypothesis and shows that not only does the Slovak economic cycle depend on the economic cycle of the eurozone, but it is developing in the same way and the Slovak economy is adjusting to the European one. At the end of the thesis the theoretical and simulated outputs are summed up in the short discussion.
|
|
|
Impact of International Trade upon Economic Performance in Europe
Jaroš, Radim
This study investigates the impact of international trade and its composition up-on economic performance in Europe. The study examines the links between trade intensity, intra-industry trade, and the cross-country correlation of business cy-cles. All the data used in the thesis were obtained from the Eurostat database. Quarterly data between the years 1996 and 2012 are used for the calculation of the rolling cross-country correlation of business cycles. Annual data for the peri-od 2000 - 2012 are used to study the relationships between trade and its compo-sition and the economic cycles. The studies findings are of use in the evaluation of the endogeneity of Optimum Currency Aareas criteria.
|
|
| |
guest ::
