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Business cycle in Sweden, Switzerland and Poland during 2000-2015 and solving the recession phase
Hrúz, Dušan ; Czesaný, Slavoj (advisor) ; Dyba, Karel (referee)
The objective of master thesis is the examination of Swedish, Swiss and Polish business cycle in four key areas consisting of internal and external macroeconomic equilibrium, cyclical development indicators and financial stability during 2000-2015 period and analysis of fiscal and monetary policy with respect to anti-crisis measures. The pivotal hypothesis is that Sweden, Switzerland and Poland have managed to deal with Great Recession relatively better than other advanced economies. Theoretical section characterises chosen countries, explains fundamental terms and sets the research framework. The empirical part monitors business cycle by chosen indicators within internal and external equilibrium, cyclical development and financial stability, subsequently evaluates situation before the crisis outbreak and examines anti-crisis measures that have been taken. Empirical section is closed by SWOT which evaluates economic development during 2009-2015 period and serves as tool for main hypothesis verification.
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Context of macroeconomic development and energy sector in the Czech Republic and Austria in the period 2000 - 2012
Berka, Jan ; Czesaný, Slavoj (advisor) ; Ševčíková, Michaela (referee)
The aim of this diploma thesis is to verify a connection between macroeconomic development and energy sector. This connection is examined with the data from the Czech Republic and with the data from Austria, both in the years 2000 - 2012. The theoretical part describes energetics as a natural monopoly and a resource of externalities. It includes the theory of monitoring the business cycle and financial analysis of companies. The first half of the practical part compares macroeconomic development of the Czech Republic and the ČEZ group. The similar comparison is made with Austria and the Verbund company. Second half of the practical part explains how economic policies influence the Czech energetics. This impact is being studied in terms of legislation, regulations, monetary and fiscal policy. The practical part ends with rating and valuation of costs that arise from the main energy resources. The link between energetics and macroeconomic development was discovered and proved thanks to the doubled analysis used in the thesis.
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Crisis of the Swedish welfare state and its reforms in the 90s of the 20th century
Hes, Lukáš ; Vostrovská, Zdenka (advisor) ; Czesaný, Slavoj (referee)
This master thesis explores what were the causes of falling behind of the Swedish economy during the 70s and 80s of the 20th century. In addition, it deals with the reforms that Sweden has implemented during 90's. Theoretical input is engaged in development of economy and society and focuses on the period of the 30s, which was crucial for further development and in which laid the foundation for later growth. In the analytical part are explored the causes of the economic slowdown. This led to the gradual decline of economic level and a slump in international rankings. Analysis of the reforms carried out during the 90s of the 20th century provides guidance for all countries which want to optimize the allocation of resources in the economy and are trying to accelerate economic growth.
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Fisheries policy: Analysis of Economics policy in Fisheries for Economic Development in selected countries
Hudecová, Barbora ; Czesaný, Slavoj (advisor) ; Prudká, Šárka (referee)
The aim of thesis is to examine the impact of fisheries policy on sustainable growth of sources of fish stocks and the economic growth of three selected countries: New Zealand, Peru and Japan in time period since 1990 to 2013. The theoretical part defines basic concepts, strategies and policies. This section explains the right, wealth or culture based management models of fisheries. The practical part is focused on analysing influence of fisheries on economic growth and its indicators in the period of 1990 to 2013 for selected countries. This thesis analyses the situation of fisheries, including historical development, current situation and the importance of fishing in the selected economies. In this part the thesis presents investigation of the effectiveness of various policies and subsequently comments recommendations for improving the situation of fisheries in the future. The work is performed by using descriptive, comparative and factorial analysis and using data published by statistical offices, ministries of selected areas and international organizations such as FAO, UN and OECD.
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Foreign direct investment impact on selected macroeconomic indicators of the economy of the Czech Republic from 1993 to 2013
Švec, Petr ; Czesaný, Slavoj (advisor) ; Zamrazilová, Eva (referee)
Subject of this diploma thesis is to provide an overview of economic theories on why companies tend to invest at foreign markets directly and thus to determine the foreign direct investment (FDI) itself. Covered areas include a foreign direct investment typology, motivation to invest, localisation factors, attractiveness and measurement of a host country business environment. Various types of FDI, methodology and forms of FDI statistical coverage analysis is included in the thesis. Three frameworks influencing all the segments of the FDI are covered in depth. These include the foreign policy factors, domestic policy factors and a process of economic transformation in the Czech Republic. Corresponding analytics map a development between a FDI and selected macroeconomic indicators of the Czech Republic. The analysis shows that foreign investment has a certain influence over selected macroeconomic indicators, however it is not always possible to quantify it as well as to predict its trend. On the other side it is often difficult to prove an influence of macroeconomic development on intensity of the FDI inflow to the Czech Republic. Keywords: foreign investment, determinants of the foreign direct investment inflow, foreign direct investment macroeconomic indicators
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Analysis of the position of persons with disability in the labor market in the years 2000 - 2014
Kolářová, Michaela ; Czesaný, Slavoj (advisor) ; Brabec, Petr (referee)
This thesis deals with a position of persons with disability (PWD) in the labor market from the perspective of these individuals. Based on the data obtained by questionnaire survey was conducted SWOT analysis which shows that PWD do not perceive negatively their own position on labor market. However, there is always something to improve, whether by themselves or in the surroundings in which they move. Furthermore, this thesis analyzes the impact of legislative measures to promote the employment of people with disabilities in 2000 - 2014. Based on the data obtained by the Czech Statistical Office was conducted regression analysis of three models. Estimates of econometric models support the hypothesis that higher unemployment in the case of persons without a disability employment is declining persons with disabilities. Further, it failed to confirm the hypothesis that the impact of legislative changes to promote employment for persons with disabilities has a positive effect on the employment of these persons. The last hypothesis that says that these legislative changes have no impact on the unemployment rate of persons without a disability was confirmed.
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The analysis of causes of the youth unemployment (15-24 age class) in European Union in years 2000-2015
Šulai, Michal ; Czesaný, Slavoj (advisor) ; Bartůsková, Lucia (referee)
The aim of this thesis was to analyze main causes of youth unemployment in countries of European Union. In order to assess main determinants of this negative phenomenon, an econometric model based on panel data was constructed. Source dataset, containing mainly Eurostat data, covers EU-28 countries in the 2000-2014 period. Results of a regression inclined that youth unemployment is effected mainly by overall economic development. Youth unemployment is more sensitive for economic downturns than unemployment in an adult age class. The model also suggested that cuts in payroll taxes and deregulation in the minimum wage legislation could have positive effect on youth employment. Based on the literature, reforms toward more practical and effective education system with elements of dual apprenticeship, could be also a positive step in tackling youth unemployment. However, an econometric-based proof of this hypothesis was not found.
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ANALYSIS OF IMPACTS OF BUSINESS CYCLES ON AUTOMOTIVE INDUSTRY IN YEARS 1993-2013 IN THE CZECH REPUBLIC
Ďoubal, Jakub ; Ševčík, Miroslav (advisor) ; Czesaný, Slavoj (referee)
The aim of this thesis is to analyse the impacts of business cycles on individual segments of the automotive industry in the last 23 years in the Czech Republic. The areas analysed are sales and production of cars. Attention is also paid to the downstream industry of parts producers. The theoretical part deals with the theoretical approaches of the business cycle, basic methods of measurement cycles and, furthermore, theories related to the automotive industry. The analysis in the practical part is developed on this theoretical basis. The analytical section is divided in three parts according to three full cycles that went through the analysed time period. What was most apparent was the difference of every cycle. It is from this difference that the different impact of cycle on analysed indicators in each period comes. However, it is evident that the automotive industry is behaving procyclically. Most of the indicators are weakly or moderately cyclical, based on the correlation coefficient.
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Composite leading index and its role in the analysis of the business cycle in the Czech republic between 1993-2015
Hornová, Michaela ; Czesaný, Slavoj (advisor) ; Štěpánek, Pavel (referee)
The main topic of my thesis is the problem of monitoring business cycles. Composite leading indicators are one of the options, how to make this monitoring. In my thesis I am going inside of the process of construction of composite leading indicator. I am comparing the methods of OECD, Eurostat and Conference Board. Special attention is dedicated to the methods of czech institutions as well. These methods are still being evolved and improved, which makes the analysis more difficult. Together with all the information about business cycle and economic policy in Czech republic between 1993-2015. I am judgeing the functionality of leading indicators for the monitoring of business cycle. Method of my analysis is SWOT analysis so the result of this thesis is mentioning of the strengths, weaknesses, opportunities and threaths of the making and application of composite leading indicators.
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Analysis of the trends, contexts and perspectives of the macroeconomic development of China in 1990 - 2014
Topor, Jiří ; Czesaný, Slavoj (advisor) ; Ševčíková, Michaela (referee)
The purpose of this diploma thesis is the analysis of macroeconomic development of China in 1990 - 2014 in four key economic areas: economic performance, financial sector, labor market and internal and external equilibrium. The main hypothesis is that China is not threatened by a hard-landing in the next few years. The theoretical part explains the basic terms and defines the research framework. In the empirical part is conducted the analysis of the selected indicators in that framework, consisting of internal and external equilibrium, labor market and demographic trends, financial sector, fiscal and monetary policies and additional growth factors. The result of the empirical part is the construction of a SWOT matrix. At the end there are proposed the recommendations for setting the future economic policy in China.
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