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Capital change caused by the influence of migration wave within the European Union in 2014 and 2015
Kratochvíl, Martin ; Vostrovská, Zdenka (advisor) ; Pícl, Michal (referee)
This thesis deals with the influence of waves of migration in the European Union in 2014 and 2015 to change the capital. Specifically, the one-time change of capital in terms of effective labor. This objective has been addressed in the Solow model by adopting the method of fixed effects. Panel data used for the calculation was collected from the database of the World Bank, Eurostat and the Organisation for Economic Co-operation and Development (OECD). Based on the obtained data it was not possible to demonstrate the influence current migration wave to the capital change effective labor because of the absence of data for the last two years. For this reason, efforts were made to verify some quantitative conclusions Solow model on the resultant data set. Based on the results obtained for the use of data, we can say that we managed to confirm some conclusions about the growth factors and the influence of individual variables Solow model. Another finding relates to the inability to examine the potential economic effects of the current migration wave to the absence of data in recent years.
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Nominal, real and structural convergence process of the Visegrad group countries to the euro area
Staník, Damián ; Mandel, Martin (advisor) ; Škop, Jiří (referee)
This diploma thesis has an ambition to evaluate the nominal, real and structural convergence process of the Visegrad group (also known as V4) countries to the euro area. It also discusses theoretical and methodological issues relating to this process. The first part of this paper deals with some theories which has just started to work with the concept of convergence and were imaginary springboard for the development of other theories. It analyses the Solow growth model that assume convergence between developed and developing countries. This chapter offers a general overview of real convergence measurement, which will be used by evaluation of convergence or divergence process in the V4 countries. We will not observe only the progress of real convergence. In the second part of this thesis we will also examine the nominal convergence trough the price level growth and development of inflation in comparison to the euro area. Next part focuses on identifying relationship between real and nominal convergence due to Balassa-Samuelson effect. The optimum currency area and selected structural parameters of the convergence process will be subject of the final part of this thesis, which will complete our observations of the real, nominal and structural convergence in the V4 countries.
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The Solow model and the empirics of economic growth
Macho, Ondřej ; Chytil, Zdeněk (advisor) ; Potužák, Pavel (referee)
The aim of this work is to accomplish an analysis of an economic growth of selected countries by using the Solow model. The main goal is to determine whether the current economic growth proceeds according to the Solow model and whether this model is a proper tool to analyze an economic growth. At first, theoretical assumptions and individual components of the model are described. The analysis itself is then achieved by sequential application of macroeconomics indicators of selected countries, which are divided into three groups according to its distinctive economical features, to three types of the Solow model (the basic Solow model, the human capital augmented Solow model, the human capital and technological know-how augmented Solow model). The application is implemented by the statistical-empirical software Gretl. At the end of the work, regarding mainly to results of the empirical testing, the augmented Solow model including the human capital and the technological know-how is established to be a proper tool to analyze an economics growth.
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