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Production shifting from China to Vietnam: Implications for Global Value Chains
Maderová, Karolína ; Semerák, Vilém (advisor) ; Vacek, Pavel (referee)
This thesis analyzes the importance of China within the global economy and assesses the potential of Vietnam to serve as its replacement, or at least for some industries. Using the network analysis and the hypothetical extraction method (HEM), the most influential sectors of the Chinese economy were identified and an increasing trend of reliance of the Westen countries on China's supply and demand was found. Next, using the trade decomposition method, the participation in GVC for Vietnam and China was calculated. Although Vietnam is increasing its participation and other countries are increasing their demand for inputs from Vietnam, based on the available data, it was not possible to determine whether these changes could mean that Vietnam can replace China in the future. JEL Classification C67, D57, F18, F52 Keywords Input-output model, HEM, network analysis, GVC Title Production shifting from China to Vietnam: Implications for Global Value Chains
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Impact of the FTA between EU and South Korea on the Czech Republic
Maderová, Karolína ; Semerák, Vilém (advisor) ; Hayat, Arshad (referee)
In this thesis we study the effect of Free Trade Agreement (FTA) between European Union and South Korea, especially on the Czech Republic. To do so, we use gravity model. We specify three different gravity equations, each with a different set of fixed effects, and apply two estimation methods on them: Fixed Effects and Poisson Pseudo Maximum Likelihood. Apart from this, we also use traditional indicators (Herfindahl and RCA indices) to assess the changes in trade. The results of the gravity model estimations suggest that the FTA did not have a significant impact on the bilateral trade. However, trade diversification analysis using the Herfindahl index and comparative advantage analysis using the RCA index both indicate that the bilateral trade between the Czech Republic and South Korea improved with the FTA in place.
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