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The impact of the EU ETS in the Czech Republic
Tomášková, Lenka ; Ščasný, Milan (advisor) ; Janda, Karel (referee)
This thesis examines the environmental effect of the European Union Emissions Trading Scheme (EU ETS) in the Czech Republic. Specifically, the impact of the EU ETS on CO2 emissions, carbon-fuel intensity and carbon intensity of production (measured by revenues) is analysed on installation-level financial, environmental and energy data throughout all three phases of the EU ETS over 2005 - 2019. The difference-in-differences approach with propensity score matching is used to infer the causal effect of the regulation. We find no effect of the EU ETS on carbon emissions and carbon intensities in the Czech Republic. This finding holds for various model specifications and different approaches we utilised. In the end, we discuss possible reasons why the EU ETS might not lead to any significant effect in the Czech Republic. JEL Classification O13, F18, Q54, Q58, H23, D22 Keywords EU ETS, environmental regulation, propen- sity score matching, difference-in-differences, the Czech Republic Title The impact of the EU ETS in the Czech Repub- lic
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Envirnomental impact of household consumption
Mach, Radomír ; Ščasný, Milan (advisor) ; Šauer, Petr (referee) ; Musil, Petr (referee)
The main goal of this dissertation thesis is to quantify the environmental burden associated with household consumption in the Czech Republic. Emissions of three groups of gases were selected to express the burden on the environment, namely emissions causing climate change, acidification and the formation of photosmog. These emissions arise from the consumption of fuels in households, and they are usually referred to as direct household emissions. Or they arise in the production and distribution of goods and services, and they are usually referred to as indirect household emissions. Although indirect emissions come from combustion in energy production and other industrial processes and agricultural activities, not from households, they are a consequence of household demand for final products. Therefore, such emissions are considered to be a consequence of household consumption. The resulting emission values are given for the average household and households divided into expenditure deciles. Emissions increase with expenditure per household member in total consumption and in individual consumption groups across all deciles. In the case of climate change-related emissions, more than half come from heating (41%) and electricity (21%). For acidification, heating (31%) and food (24%) are the dominant...
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Three essays in Development Economics
Valíčková, Petra ; Cahlík, Tomáš (advisor) ; Janda, Karel (referee) ; Ščasný, Milan (referee) ; Nicolas, Claire (referee)
This dissertation thesis touches on some important aspects of development, including financial development and improved access to reliable energy sources, regional integration and expanded opportunities for trade. This thesis was written to help guide policy reforms especially in developing countries to expand sources of growth and put countries on track to better meet their long-term development goals, including a better and more sustainable future for everyone. This dissertation consists of three papers. In the first paper I investigate the empirical evidence on the relationship between financial development and economic growth. In doing so, I assessed over 270 studies for their potential inclusion in a meta-analysis. From those studies that contained an empirical estimate of the finance growth relationship, I compiled 1,334 coefficients and coded study characteristics for each. Taking the reported estimates together, I find a positive link between financial development and economic growth, but with widely varying individual estimates. By applying a multi-variate meta-regression, I explain the variation in reported results, stemming not only from differences in research design (by authors addressing or ignoring potential endogeneity issues) but also from real drivers (different regional and time...
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Enviromentální analýza nákladů a přínosů Určení společenské časové diskontní míry
Štěpaníková, Šárka ; Ščasný, Milan (advisor) ; Gregor, Martin (referee)
Diploma thesis covers the field of risk management that companies need to deal with when trading on open account. Basis for this research is the question, whether credit risk management positively influences health of a company and whether credit insurance is effective tool when protecting against credit risk. The subject is firstly discussed in the context of current economic crisis and its impact on entrepreneurial environment, companies' payment behaviour and the volume of insolvencies. Further there are characterized types of credit risk, outlined risk management methods and compared selected instruments used for credit risk protection. Attention is devoted particularly to trade credit insurance. Finally effectiveness and actual usefulness of credit insurance is evaluated on selected models and a case study. Presented case study demonstrates a real life insurance contract and quantifies the cost saving resulting from risk protection through trade credit insurance. Keywords: economic crisis, payment behaviour, insolvency, risk management, trade credit insurance
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Factors influencing the transport mode decision - case of the Czech Republic
Preclíková, Michaela ; Ščasný, Milan (advisor) ; Hanus, Luboš (referee)
The thesis describes shares of use of transport modes to reach different activities and analyses influence of socio-demographic variables on a choice of transport mode for commuting to work in the Czech Republic. Data from the INHERIT survey are used for the analysis. Factors which influence the transport mode decision were identified using the multinomial logit model. Results show that men, people with higher income and households with at least one child are significantly more likely to commute to work by car than women, people who earn less money and households without children. Living in large cities decreases the likelihood of using car for work trips and increases likelihood of travelling by public transport.
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