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The Convergence Process of the Czech Republic to the Federal Republic of Germany in the years 1993-2015
Křížek, David ; Vostrovská, Zdenka (advisor) ; Ševčíková, Michaela (referee)
This diploma thesis is focuses on the Czech Republic's convergence to the Federal Republic of Germany. Both nominal and real convergences on selected indicators for the period from 1993 to 2015 are examined. Firstly, a part of the convergence of the issue, its theoretical concepts and the concepts that can be used to explore this process are devoted. The necessary political, historical and economic contexts are provided which enable the Czech Republic to position itself in relation to the Federal Republic of Germany. Subsequently, the thesis deals directly with analysis of time series. Nominal convergence is judged by the Maastricht criteria, namely the harmonized index of consumer prices and the value of long-term interest rates. Real convergence is then analyzed using the GDP indicator. The last part of this work is focused on testing beta and sigma convergence hypothesis. It is thus proven that the Czech Republic's convergence towards the Federal Republic is ongoing, but it is strongly influenced by economic cycles and other shocks to the national economy.
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Air Transport in the European Union 1990 to 2014- example of successful liberalization?
Křížek, David ; Ševčíková, Michaela (advisor) ; Chmelová, Pavla (referee)
In the early 90s of the 20th century the process of liberalization of air transport in the European Union has been fully launched. These efforts should have brought the stiff and burdened market into the new millennium because as the globalized world was grew, there has been a need for an an efficient air transportation. This study is retrospectively going through the process of liberalization as it really happened, and because of the time space we can evaluate its success or failure. Introductory chapters deal with a brief history with an emphasis on the legislative process of liberalization, explaining important concepts and theoretical basis. Subsequently attention in other chapters devoted to the years 1990- 2014 and based on the data analysis is comprised of the answer to the main hypothesis of work. The main objective, and so hypothesis, is therefore to answer the question whether the process of deregulation of the air transport segment was truly successful. To do so it was necessary to analyze lots of data, topics and studies. Thanks to these analyses, this work is able to show in detail the whole process of liberalization from the beginning until now. It is therefore possible to formulate a conclusion that the process of liberalization has been successful and that it has significantly changed the whole market. It has become more attractive for demand, the supply and the overall significance of air transport has increased. However, despite the initial high expectations, the entire process is very slow and almost until the new millennium no significant results were observed. There are still great challenges and unfinished process in the presence, to which plenty of attention needs to be paid.
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