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Is import of goods from european countries to Czech republic more or less influenced by changes in nominal and real exchange rates than in non european countries?
Vereš, Jan ; Stroukal, Dominik (advisor) ; Slaný, Martin (referee)
This bachelor thesis analyses the connection between import of goods from foreign countries to Czech Republic and the exchange rate changes. The initial hypothesis of this paper is to prove that the depreciation of domestic currency has positive influence on balance of trade balance. For this purpose there is eight econometric models which were created by using time series from years 2003 to 2016. These models are divided in pairs among four chosen countries. For each country two models were created that follow the development of trade balance between Czech Republic and one of the countries in two different time frames. All the models always use the real effective exchange rate, growth rate of GDP for Czech Republic and growth rate of GDP for one of the countries as explanatory variable. It is connected with the second task of this thesis, which is the analysis of the differences in the behaviour of the models that belong to the countries which are members of the EU and these that are not. The aim is to find out whether the existence of tariffs on imported goods from countries out of the EU causes visible differences in the behaviour of the variables that were included in the models. Based on the outcomes of all eight models the main hypothesis has been proved right for three out of four countries. In the models for Germany, China and France the relation of real exchange rate and trade balance came out as positive in long term, in short term the outcome was ambiguous. The second question of this thesis has been answered, but its added value is questionable. The final models for each state do show some noticeable differences and they can be used to determine if the influence of the change of exchange rates on trade balance is smaller or bigger in the countries where tariffs are used. On the other hand, from the results we can learn that the sample of only four countries is insufficient for the deduction of any conclusions.
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Development of interest rates in the mortgage market in the Czech Republic between 2006-2016
Ditrichová, Gabriela ; Strejček, Ivo (advisor) ; Klement, Josef (referee)
This bachelor's thesis is focused on the development of interest rates in the mortgage market in the Czech Republic in the decade between 2006 and 2016. A strong economic growth between 2006 and 2007, which had positive effects in the mortgage loan market, was followed by a deep slump in the form of global financial crisis unleashed by speculations in the real estate market in the U.S. The main aim of the work is based on the development of mortgage interest rates and the significant factors that affect their amount - to verify or disprove the hypothesis that interest rates respond to changes of these factors. The results confirm the hypothesis only in certain areas. The influence of changes of interest rates has been proven in the case of inflation and discount rates by usage of the econometric model. Factors that have not shown a significant direct influence of interest rates may have an indirect influence on their change.
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Migration to selected EU countries: Labor market integration
Kaclíková, Roberta ; Šaroch, Stanislav (advisor) ; Němcová, Ingeborg (referee)
The aim of this master thesis is to analyse the labor market of European Union and its certain countries in relation to the immigration with the backgound of various social welfare models. The paper is analysing the topic of labor market of European Union, integration of immigrants on this market, with focus on economies and labour markets of Sweden, United Kingdom and Germany as countries with high level of immigration that are representing three different social welfare models, such as Nordic model, Liberal model and Conservative model. The main objective of this thesis is the analysis of labor markets in selected countries of the European Union in relation to immigration and their subsequent comparison using the background of different social welfare models. The result is the evaluation of effectivness of the various social models based on statistical data, acquired knowledge and performed comparisons. The thesis is divided into four chapters and contains 13 tables and 8 charts.
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Exchange rate policy of People's Bank of China under pressure of yuan internationalization
Randl, Tomáš ; Hnát, Pavel (advisor) ; Jedlinský, Jakub (referee)
Chinese economy has reached its export limits and is located in an era of transformation process into new economic model based on domestic consumption and sector of services. Under pressure from foreign entities which require internationalization of yuan as an implementation of free floating exhange rate regime, China must deal with number of problems arising from the process of economic transformation. This thesis examines possible solutions to current problems from the perspective of exchange rate policy of the People's Bank of China.
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Government simulation game
Dekánek, Matúš ; Zajíček, Ondřej (advisor) ; Zavoral, Filip (referee)
The aim of this work is to design and implement a model of state`s economy and to use it in a game. The virtual world contains centers of production, which can be full of various productions. These buy raw materials and sell their products earning a profit. The model is designed to be very flexible and allows broad setting possibilities. A player should be able to gain profit and major market share trough proper investments and adjusting parameters of his production capacities. There is also a simple computer opponent in the game, to compete with for the market share. The game has GUI, the model as such is independent on the user interface. The program was implemented using a multi-platform open-source library wxWidgets for c++, it can therefore run both on linux and Windows OS.
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The business models of IT startups based on sharing economy
Šimon, Petr ; Matuštík, Ondřej (advisor) ; Srpová, Jitka (referee)
The aim of this master thesis is to analyze the present condition of sharing economy and design a critical success factors model on a IT startups which operate as a transportation network companies. The result is finally validated on few representative businesses. The problem is solved by the modified qualitative critical success factors method whose author is John F. Rockart. The gained factors were finally used in the causal model which is based on the principles of system dynamics. The outcomes of this thesis are enabling to understand the relations which are hidden behind success of transportation network companies in the area of sharing economy. The information can be useful not only for startups but also for academic sphere and possible investors.
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The Analysis of Impact of Regulations: A Dynamic Input-Output Model Approach
Šafr, Karel ; Sixta, Jaroslav (advisor) ; Pertold, Filip (referee)
This diploma thesis discusses utilization of dynamic Input-Output models as a basis for decision-making for policy makers. The first part is focused on theoretical derivation of the basic dynamic models. This part is followed by a practical application of the presented models, which proposes a method of deriving the matrix of capital and it facilitates the construction of data sources. The results show that the dynamic models are usable, but it is necessary to take into consideration their structural constraints and data limits. Data applied for 2009 show that the economic crisis has led to a 6% decline in GVA growth rates.
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Fluid grate design and optimalization in the function aspect point of view and economy of production
Voráč, Petr ; Vondál, Jiří (referee) ; Nekvasil, Richard (advisor)
The Master´s thesis deals with the fluid layer, with types of fluidized layer and with problems which can be solve during design of new fluidized beds. The aim was find the fluidized grid, which is the best form economical and technological point of view. In this work are compared three fluidized grids. The first was part of submission. Next two additional types were then proposed by the author of thesis. Proposals grids are discussed in detail from the design phase, through the modeling and subsequent simulation part in a computer program. The results of simulation are pressure losses. Which are compared with the recommended interval values. Afterward these tested beds are put through technical and economic analysis. The result is grade which is met both requirements.
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Analysis of the determinants of unemployment in the Czech Republic, focusing on the influence of characteristics of the region
Čechová, Gabriela ; Brožová, Dagmar (advisor) ; Svoboda, Miroslav (referee)
This thesis deals with the analysis of equilibrium and disequilibrium factors that have impact on the unemployment rates in the regions of the Czech Republic. Panel data from the 1993 to 20012 period were used in the analysis.One of the main factors of the differences in the unemployment rate between the regions is the proportion of people aged from 15 to 29 years in the population. The increase of one percentage point in this ratio causes an increase in the unemployment rate in the respective region of 2.5 %. Another important factor that was revealed in the analysis was the proportion of high school graduates among the population. With the increase of one percentage point in this factor, the unemployment rate falls by 7.3 %. The regions were divided into two groups based on their unemployment rate for the purpose of an extended model. The results suggest that the unemployment rate in the regions with higher unemployment rates is more influenced by the sectoral composition of the economy than in those with lower unemployment rates. In these regions it is the regional amenities that play the key role.
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