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Endogenous Growth Model, Distance to Frontier, and Labour Market Institutions
Šoltés, Michal ; Baxa, Jaromír (advisor) ; Kopečná, Vědunka (referee)
This thesis studies the effect of generosity of unemployment insurance on economic growth. More generous unemployment insurance is argued to cause an increase in unemployment on the one hand and better job match quality on the other. Our model shows that in the developed countries, there may be some level of unemployment insurance which ensures that the productivity gain offsets the loss due to higher unemployment. On the contrary, in the developing countries, any level of unemployment insurance was revealed to harm economic growth. Moreover, we present strong evidence in favour of a positive effect of unemployment insurance on the aggregate productivity growth. Key words: Unemployment Insurance, Distance to Frontier, Endogenous Growth Model, Technology Growth, Economic Growth
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The costs anf benefits of a patent regime
Třísková, Julie ; Potužák, Pavel (advisor) ; Hurník, Jaromír (referee)
This thesis deals with patents and their impact on innovative activity. Patents represent some kind of regulation of a free market which should improve market failures and create incentives for innovation activity. This stimulation should be then reflected in the growth of technologies. The relation between patenting and productivity which represents the growth of technologies is analyzed on panel data comprising of Finland, Denmark, Italy, Great Britain and the Netherlands. The analysis is undertaken on the industry level, namely on chemical industry, as firms in this industry consider patents as being an efficient form of invention protection. The outcomes of my analysis imply a difference between short term and long term relation between patents and productivity. Patents do not seem to influence productivity immediately, they seem to have a negative impact in the long run though.
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