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Czech economy during the transformation in comparison with Poland and Hungary
Špičková, Hana ; Breňová, Lubomíra (advisor) ; Nečadová, Marta (referee)
This thesis deals with the transition of centrally planned economic system to market system, namely in the Czech Republic, Poland and Hungary. In the theoretical part are approximated goals and phases ot transformation and transformation strategies. Furthermore, the Washington consensus, the circumstances of its origin, its content and what position occupied in transition economies. The practical part monitor the development of individual economies in the period from 1990 until 2004. Development is not captured only by macroeconomic indicators (GDP, inflation, unemployment), but also by events that these indicators have an impact. Conclusion is devoted to an overall summary and assessment of the transformation process in all three countries.
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The assessment of fiscal policy influence (specific cases)
Fara, Tomáš ; Dvořák, Pavel (advisor) ; Votava, Libor (referee)
This master thesis deals with the assessment of fiscal policy in the Czech Republic, Slovak Republic and the United States. The goal of this work is to evaluate the effect of fiscal expansion on the real economy and the country's debt. The first part deals with the theoretical definition of fiscal policy. The next section describes the main macroeconomic indicators of selected countries. The final section is devoted to assessing the effectiveness of specific fiscal stimulus and evaluating their impact on unemployment, the growth rate of GDP and public debt.
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The Impact of Foreign Investment on the Economic Development of Selected Countries in the CEE Region
Polívka, Martin ; Černá, Iveta (advisor) ; Kalínská, Emílie (referee)
The thesis examines the impact of incoming foreign direct investment on the economy of the Czech Republic, Slovakia, Hungary and Poland between 1993 and 2007 through the prism of three macroeconomic indicators: the gross domestic product, the rate of unemployment and exports. The thesis is structured into four chapters. In the first chapter, the term FDI is defined and categorized. The second chapter describes thoroughly direct and indirect impacts of FDI on the GDP, the rate of unemployment and exports of the host economy. The third chapter offers an analysis of FDI flowing into the Central Eastern European region and the four countries in question after 1989. A special emphasis is put on economic policy towards FDI, the sectors and regions which attracted it the most. The fourth chapter examines the impact of FDI on the above-mentioned three macroeconomic indicators in the Czech Republic, Slovakia, Hungary and Poland using a simple linear regression. The chapter closes with a few thoughts on the impacts of FDI in the long-run, especially taking into account the sectors foreign investors preferred the most in CEE.
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Business cycle in Slovakia 1993-2009
Lipka, Vladimír ; Czesaný, Slavoj (advisor) ; Halás, Vladimír (referee)
The thesis deals with monitoring and analysis of the economic cycle in Slovakia between 1993 - 2009. Its aim was to assess the impact of fiscal and monetary policies on the economic cycle. Both policies should cooperate with each other and create a favorable environment for economic development. The goal of the monetary policy should be securing currency stability. The fiscal policy should aim for stable development in public finance. The thesis consists of five parts, which intersect each other. The first part explains the theoretical foundations of the economic cycles. It is followed by a chapter, in which different Slovak economy phases of the economic cycle are analyzed, with the help of indicators of internal and external balance, demand and supply side of GDP and indicators of monetary conditions. Work also includes an assessment of Slovakia's entry into the EMU in terms of revenues and expenses. This part is also focused on the process of nominal and real convergence of the Slovak economy before adopting Euro. The penultimate part of this thesis deals with a comparison of business cycles of V4 countries. The conclusion is focused on forecasting the economic development of the Slovak economy in 2011.
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Analysis of gross domestic product of the Czech Republic
Matela, Michal ; Pavelka, Tomáš (advisor) ; Sirůček, Pavel (referee)
The aim of this thesis is to analyze the evolution of the total gross domestic product of the Czech Republic from 2004 to 2009. This is the planting of GDP in the broader macroeconomic context. The work is divided into two parts, theoretical and practical. The theoretical part aims to acquaint the reader closer to the macroeconomic analysis, gross domestic product with its definition, the basic concepts necessary to understand the whole issue and the practical part of the real factors influencing its evolution.
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The Impact of Terrorism on the U.S. Economy
Kupsová, Petra ; Neumann, Pavel (advisor) ; Antal, Jarolím (referee)
This bachelor paper evaluates the impact of terrorism on the U.S. economy. In the theoretical part the term terrorism is explained as well as its possible implications. In the next part different types of counter-terrorist measures are characterized together with their costs. In the practical part immediate damage caused by the terrorist attacks of September 11th 2001 is evaluated as well as the general macroeconomic consequences of terrorist attacks. Specific costs are demonstrated on the example of U.S.A.
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What is better than GDP for measuring business cycles?
Hnilica, Petr ; Svoboda, Miroslav (advisor) ; Jaklín, Jiří (referee)
This paper has the objective to examine the aggregates which would describe the economic activity during business cycles better than does GDP. GDP counts only final goods. GDP doesn't express the structure of production. GDP also does not cover changes in the prices of property which is during business cycle very affected. But paper doesn't give a clear answer. It rather explains problems and offers several options, because the right choice depends on the ability to obtain quality data. It presents Gross National Output by Mark Skousen and Gross National Produduct by George Reisman. They are focusing on the intermediates. In paper are presented new aggregates. Change in Wealth and Consumption which takes into account the wealth of the national accounts and The Aggregate of Divine Eye which is the sum of all transactions.
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