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Determinants of the average daily rate of Peer-to-peer accommodation in the Czech Republic
Řežábek, Pavel ; Pavlíček, Jaroslav (advisor) ; Schwarz, Jiří (referee)
This thesis investigates which characteristics of peer-to-peer accommodation affect its average daily rate. The study utilizes a unique dataset created with data on all accommodation offers in the Czech Republic, made directly from data downloaded from airbnb.com, which is the largest platform presenting short-term rentals outside hotels. The information about amenities and reviews of individual properties offering accommodation are firstly categorized. The effects of each such category together with information about size and location on the average daily rate are then investigated using the ordinary least squares method. The following parameters are found to have have the most significant effect on the average daily rate: location in Prague, the maximum number of occupants, hotel-type equipment, and luxury amenities.
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Labor share of Czech Republic in years 1993–2015
Souček, Ondřej ; Kubelková, Karina (advisor) ; Řežábek, Pavel (referee)
Labor share in the neoclassical context is perceived as a share of the labor income in GDP. A very basic way to compute the labour share simply entails dividing compensation of employees by gross value added. After a series studies and the rise of neoclassical economics, the assumption of labor share stability over time was introduced. With the publication of Kaldor's theory of growth, the assumption of labor share stability became a generally accepted fact. The aim of this thesis is to answer the question on how the labor share and its individual characteristics evolved in the Czech Republic in the years 1993-2015 and whether its average level and the overall trend in this period corresponds to the neoclassical labor share theories.
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Impacts of the United Kingdom's withdrawal from the European Union to the financial sector
Bartošková, Karolína ; Ševčíková, Michaela (advisor) ; Řežábek, Pavel (referee)
The aim of the diploma thesis is to evaluate consequences of the United Kingdom withdrawal from the European Union to financial sector and provide different view of the issue than studied analysis carried out so far. The thesis proves the size, broad structure and unique position of the British financial sector in Europe and the world. Theoretical part focuses on the historical perspective, to the explanation of how the financial system works, last but not least to the crucial regulatory norms and sector participants. Based on real and specific data, practical part explains the scope of financial sector, its significance and analyses the UK role in the approval process of specific regulatory standards. Lobbying is denoted as an effective way of influencing standards towards national interests. In conclusion, thesis provides an overview of UK losses and benefits after Brexit, including a proposal for modification the practical operation of the financial system and pay attention to problematic areas. It is demonstrated that Britain for its scale of the financial sector has been long-term influencing European regulation of the sector and despite withdrawal from European Union likely remain a global financial centre.
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Relation between central bank independence and accountability at the example of quantitative easing of the ECB and the Fed in 2005 - 2016
Pýchová, Jitka ; Ševčík, Miroslav (advisor) ; Řežábek, Pavel (referee)
The thesis deals with relation between central bank independence and accountability. The relation is examined on example of quantitative easing implemented in the period 2005 - 2016 by the European central bank and the Federal Reserve System. From the theoretical and practical point of view the thesis proves that the relation between central bank independence and accountability are influenced by the specification of targets of monetary policy to a great extent. The thesis also proves that the specific definition of both central bank independence and accountability influenced the characteristics of quantitative resp. credit easing. Moreover, such monetary policy can potentially endanger the independence of both central banks in many ways. Thus, the implementation of quantitative easing itself and its potential consequences evidences that the contemporary conception of central bank independence and accountability is insufficient and needs to be reviewed.
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Automotive and its influence on the economy of the Czech Republic during 1996 - 2015
Kolařík, Matěj ; Zeman, Martin (advisor) ; Řežábek, Pavel (referee)
The bachelor thesis deals with position of automotive at the czech market in the period of 1996 - 2015 and thus with implications of cricis for such a traditional and essential sector of economy. The existing economic approaches related to this industry are introduced in the theoretical part, whereas its influence on the economy by macroeconomic indicators is examined in the practical part. A situation and a development of the automotive are so analysed on the basis of the GDP, export, wages amount, rate of unemployment, investments and as well compared with final automobile producers and a supply chain. Moreover, obtained conclusions lead to the description of both strengths and weaknesses, and opportunities and threats discussing a future potential progress. These results account for a source of suggestions and recommendations, which should point at an automotive sustainable development and an elimination of an impact of economic recessions. The aim of the thesis is to compose and evaluate the automotive development and current position at the representative macroeconomic indicators.
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Importance of Guarantee funds in Microfinance
Němečková, Dagmar ; Procházka, Pavel (advisor) ; Řežábek, Pavel (referee)
Microbusiness is recognized as an important tool for economic growth especially in less developed countries. It is supposed that a lack of access to capital is one of the most prominent constraints of microentepreneurs. To address this limitation, many forms of loan guarantee programs have been established. This paper examines what demands are placed on an effective guarantee structure in this field and how these aims are accomplished by the current guarantee funds. In conclusion, the access to capital is getting better recently in these countries. Guarantee funds have been growing, however, their importance is not so significant yet. Guarantee funds have a potential to draw an attention of investors to microlending but the cost of these schemes seems to be too high.
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Analysis of the influence of minimum wage on unemployment and its development in the Czech republic and in the chosen countries of European union in 2000 - 2015
Schwabová, Petra ; Loužek, Marek (advisor) ; Řežábek, Pavel (referee)
This thesis analyzes minimum wage, its development, determination and influence on increasing or decreasing of employment in the Czech rebublic and in the other countries of European union. It starts with determination of theoretical background of minimum wage, economical models that deals with the impact of minimum wage on employment and czech and foreign papers concerning relevant topic. In the analytical part, the thesis concerns characteristics of the system of minimum wages in particular countries of European union and their comparison. In the last part of the thesis, econometrical model was done. The aim was to find out if any of determined variables have impact on total unemployment rate in the Czech republic. Model was performed with statistical data from 2000 to 2015. The impact of some variables was proved, for example number of university graduates that have negative influence on total employment in the Czech republic.
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Analysis of Potential Consenquences of Toll Implication for Vehicles under 3,5 Tonnes in the Czech Republic
Srnka, Jan ; Vostrovská, Zdenka (advisor) ; Řežábek, Pavel (referee)
The Master Thesis is focused on potential consequences of toll implication for vehicles under 3,5 tonnes. The main goal of this paper is to evaluate these consequences and propose a recommendation to the government whether to imply the toll or not. Quantitative research methods in a form of questionnaire were used in order to estimate the potential consequences of 0,4 CZK per km toll for vehicles under 3,5 tonnes. Moreover, was analysed the publicly accessible data of transportation, car accidents and deaths on roads in case of the Czech Republic. Theoretical part is focused on the currently used system on highways, the history of highways, system used in European countries and aspects of cost-benefit analysis. Three frequently used highways were examined in the practical part of this paper. A numerous of calculations were used in order to quantify all possible costs of toll implication. Toll implication costs and additional costs that arise due to avoiding expensive highways by some drivers represented the main aim of these calculations. Conclusion of this paper sums up key points of this paper and points out possible negative consequences of toll implication.
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