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The Domestic value added of Czech exports, its increasing and the role of the state in this process
Král, Ondřej ; Hnát, Pavel (advisor) ; Neumann, Pavel (referee)
This thesis deals with the topic of The Domestic value added of Czech exports, its increasing and the role of the state in this process. The main focus is on the low domestic value added of the crucial Czech export industries that represent the core of the Czech economy. We examine the data based on TiVA methodology which is the joint OECD-WTO initiative coping with changing global trade relations. It captures not only the domestic value added but also the origin of the foreign value added embedded in domestic exports. In this context, we critically examine the low level of territorial diversification of Czech exports and outdated policies in these areas. According to the outcomes of the analysis, the Czech economy is pursuing the path from the status of a transition economy that follows foreign markets to an innovation-driven economy that shapes industries, creates new ones and specializes on activities with high value added in GVCs. The Czech Republic can become one of these innovative economies only if it reviews its comparative advantages and adopts sound policies.
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Gravity model for Czech Republic - Test of the effects of indirect trade
Wlazel, Marek ; Semerák, Vilém (advisor) ; Havránek, Tomáš (referee)
The aim of this thesis is to incorporate the effects of the indirect trade into the gravity model for Czech Republic. Using data from the recently released OECD-WTO TiVA database, a panel of 56 countries in 5 years between 1995 and 2009 is constructed. The traditional approach of estimating the log- linear form of the equation is questioned and in line with current academic research, the Poisson Pseudo Maximum Likelihood method is applied. The empirical analysis does not reveal any unambiguous effect of adjusting the gross exports for their foreign content; it rather confirms that Czech ex- ports are significantly driven by the demand for German exports and finds that they are the higher the greater is the share of services value added. Furthermore, it is found that the destination of Czech exports is not signif- icantly determined by target country's participation in global value chains. JEL Classification C13, C23, C67, F14, F60 Keywords gravity model, indirect trade, trade in value added, Czech Republic, Poisson regression, panel data Author's e-mail marek.wlazel@gmail.com Supervisor's e-mail vsemerak@yahoo.com
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Obchod Číny z hlediska přidané hodnoty
Mun, Sofiia ; Hnát, Pavel (advisor) ; Jedlinský, Jakub (referee)
The aim of this thesis is to provide an explanation of the trade in value added concept and to illustrate differences between the new and conventional approaches to trade statistics with particular reference to China. With the investigation of why it has become important to measure trade in value added terms, the thesis gives an overview of the OECD-WTO Trade in Value Added (TiVa) database.
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