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EU TRADE AGREEMENTS
PETROVÁ, Michaela
The diploma thesis deals with trade agreements that the EU concludes with third countries in order to remove tariff and non-tariff barriers to foreign trade. The theoretical part deals with the description of legislative documents that regulate the conclusion process of these agreements, where the EU member states are represented by the EU and act externally as a whole. The practical part dealt with the economic impacts of trade agreements with selected countries on the EU in comparison with its member state the Czech Republic. The impacts were assessed according to selected indicators, which focused mainly on the trade balance and employment. According to the studied literature, agreements have a higher impact on small economies and companies, as tariff and non-tariff measures are more difficult for them to overcome than for large corporations. The EU promotes global economic openness and seeks liberalization of the world market, but in recent years there have been increasing views on maintaining barriers, as some studies could jeopardize the competitiveness of the European market in certain commodities.
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The Causes of the Deterioration of Trade Relations Between the US and China During the Donald J. Trump Administration
Broda, David ; Hornát, Jan (advisor) ; Sehnálková, Jana (referee)
1 Abstract The thesis' main focus is Donald J. Trump's administration's trade policy towards People's Republic of China. Since taking office, Trump has been striving to turn the trade policy towards PRC into a more protectionist one. His argument is that China's economic prosperity is acquired through unfair trade practices, which damages the economy of USA. Since the beginning of 2018 up until the end of 2019, Trump imposed high tariffs on numerous Chinese goods and PRC does the same in return. The resulting tit-for-tat policies cause the deterioriation of the two countries' trade relations. The thesis searches for the main causes of Trump's trade policy towards PRC, which is in comparison with the two preceding presidential administratives more aggressive. The thesis' primary hypothesis assumes that the cause lies in the risk that the strengthening China poses on the US hegemonic role in the international order. The thesis confirms this hypothesis on the basis of the theory of relative gains, hegemonic stability and comparative advantage. The hypothesis is supported with examples concerning US economy, security, institutional power and legitimacy. 2 Title: The Causes of the Deterioration of Trade Relations Between the US and China During the Donald J. Trump Administration Author: David Broda
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Legal Aspects of Withdrawal from the EU
CHVÁTALOVÁ, Karolína
The thesis Legal Aspects of Withdrawal from the EU is divided into two parts. The theoretical part sums up the legislation of the withdrawal according to article 5O of the Lisbon Treaty. There is also an example of withdrawal from the EU before the article 50 has been even applied. The section dedicated to the practical results attained from the research was completed by analysing existing preferential agreements, which the UK has owing to EU, as any other member state. Then the same analysis has been carried out with existing preferential agreements, that the UK concluded with third countries. There has been done a forecast of the trade balance and its effect on GDP for the next two years according to the prediction of the Bank of England.
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The Impact of Devaluation through Price and Non-Price Competitiveness on Trade Balance
Celac, Mariana ; Mejstřík, Michal (advisor) ; Patáková, Magdalena (referee)
This thesis examines the relationship between the real exchange rate and trade balance in eight countries with different level of development for the period 1991- 2012. Using merely exchange rate to improve the trade balance refers to price- competitiveness and relies on the satisfaction of Marshall-Lerner condition. Additionally, we articulate the influence of other underlying factors, defined as "non- price competitiveness", proxied with capital stock variable. A Vector Error Correction Model, based on Johansen's Methodology was implemented in our two econometric specifications. The key findings of the classical trade model indicate that M-L condition is met in five countries and devaluation of domestic currency would improve their trade balance in long run. VECM results from second model, which extended the traditional imperfect substitutes framework to include non-price competitiveness factor, shows pronounced influence of product quality on trade balance, capital stock variable being significant in most of the cases. The results show that trade balance reacts to both changes in relative prices and product differentiation, thus non-price competitiveness factors must not be neglected by policy makers. Our findings also indicate the existence of J-curve pattern, as reflected by short-run...
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Czechoslovak-Argentinian Economic Relations in the years 1945-1989 in the material of Czech archives
Kupka, Jiří ; Opatrný, Josef (advisor) ; Křížová, Markéta (referee)
This thesis aims to present and analyse economic relations between Czechoslovakia and Argentina in the years 1945-1989 (i.e. a period that almost precisely coincides with the duration of the Cold War. The work focuses on a historical analysis of primary sources and archival documents of the Czechoslovak Federal Ministries of Foreign Affairs and Foreign Trade. This material was selected in light of the rarity of secondary literature devoted to this area. To a certain extent, this is a pioneering work, especially given the fact that the archives of the Federal Ministry of Foreign Trade have not yet been declassified and still enjoy only limited usage (processing) in a single publication. One primary function of foreign trade with the Latin American countries (with the obvious exception of Cuba) was to foster good relations between South America and Czechoslovakia during the Cold War. The study of this use of trade as a foreign policy instrument can provide useful lessons about pragmatic considerations to be borne in mind when designing foreign policy as a whole. The thesis presents new findings on the topic and attempts what may constitute the most comprehensive attempt to address economic relations between the aforementioned countries within a defined period.
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Assessment of shifts of environmental pressure among countires and regions by means of material flow indicators
Maric, Andrija ; Kovanda, Jan (advisor) ; Třebický, Viktor (referee)
World regions are becoming more connected by every day and as a consequence of that dependence rises among states. The states become specialised in production of certain type of the product, services etc. Subsequently they turn to be even more dependent. One does not need to go further back then real-estate crisis in USA that spilled over worldwide. The world is turn out to be "smaller place". America and Europe are exploiting raw material less and less and become dependant on the import of those from around the world. Former exploitation and production became ballast to the environment [environment burdens]. One day factories and mines were closed or reorganised to different production activity and doing so reduced burden to the environment. The consumption of the product remained or was increased even more. In other words, some one else is producing that product. The production shifted among states moving the environment burdens with it. The aim of this document is to provide an overview of impacts relevant to the use of metals zinc, aluminium, nickel, iron and tin; quantification of physical import and export and calculation of international trade balance of before mentioned metals and analysis of six ores. Those aims are supposed to assist us on answering questions to which extent Czech...
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Forecasting Exchange Rates: A VAR Analysis
Mida, Jaroslav ; Horváth, Roman (advisor) ; Ivanková, Kristýna (referee)
This thesis aims to out-of-sample forecast the USD/EUR exchange rate using four macroeconomic variables, namely ination, interest rate, unemployment rate and industrial production index. The model applied is the vector autoregressive model. We use monthly data for a period of 2002-2011 and use the data from 2012 in order to compare the forecast accuracy with the random walk, which is believed to outperform many models when forecasting for a short-time horizon, such as one year. We found out that the vector autogressive model beat the random walk in the period of one and three months, which was surprising. In the longer horizon of six, nine and twelve months, random walk, as expected, heavily outperformed vector autogressive model. The reasoning behind this could be that there was no clear trend in the USD/EUR exchange rate during this period.
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Nowcasting the Czech Trade Balance
Babecká Kucharčuková, Oxana ; Brůha, Jan
The Working Paper Series of the Czech National Bank (CNB) is intended to disseminate the results of the CNB’s research projects as well as the other research activities of both the staff of the CNB and collaborating outside contributors, including invited speakers. The Series aims to present original research contributions relevant to central banks. It is refereed internationally. The referee process is managed by the CNB Research Department. The working papers are circulated to stimulate discussion. The views expressed are those of the authors and do not necessarily reflect the official views of the CNB.
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Foreign Trade between the Czech Republic and the Republic of Algeria
DAVÍDKOVÁ, Kateřina
The topic of the bachelor's thesis is foreign trade between the Czech Republic and Algeria. The aim of the thesis is to assess the foreign trade between Czech and Algerian Republic and to define the principal development trends. The first, theoretical, part of the thesis deals with giving a basic definition of foreign trade's theory. Second, practical, part is devoted not only to analysing Czech and Algerian foreign trade but also to mutual foreign trade including development trends and factors influencing their cooperation.
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