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Corruption and growth in developing countries
Lacroix, Jean ; Cahlík, Tomáš (advisor) ; Strielkowski, Wadim (referee)
Corruption is morally condemnable but what about its economical effect on the efficiency of on economy? Different transmission channels positively and negatively correlated with growth exist. The aim of this work is to catch the overall reality behind this impressively high number of transmission channels. Another task is to show the concrete consequences of corruption on a little economy like Haïti and what could be the consequences of the weaknesses induced by corruption. A presentation of the theoretical background is described together with the particularities of corruption in developing countries. A case study on Haïti, its infrastructure and the impact of corruption after the earthquake of 2010 will illustrate the theory. Last but not least, we present a model, where we analyze corruption as a determinant of growth in developing countries using data of 2011.
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Corruption and growth in developing countries
Lacroix, Jean ; Cahlík, Tomáš (advisor) ; Strielkowski, Wadim (referee)
Corruption is morally condemnable but what about its economical effect on the efficiency of on economy? Different transmission channels positively and negatively correlated with growth exist. The aim of this work is to catch the overall reality behind this impressively high number of transmission channels. Another task is to show the concrete consequences of corruption on a little economy like Haïti and what could be the consequences of the weaknesses induced by corruption. A presentation of the theoretical background is described together with the particularities of corruption in developing countries. A case study on Haïti, its infrastructure and the impact of corruption after the earthquake of 2010 will illustrate the theory. Last but not least, we present a model, where we analyze corruption as a determinant of growth in developing countries using data of 2011.
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Inflation targeting in an environment of deflationary pressures
Krupička, Josef ; Koderová, Jitka (advisor) ; Revenda, Zbyněk (referee)
This research paper on monetary policy focuses on strategy of inflation targeting and its modification in an environment of deflationary pressures. Focus of this paper is based on three main points that correspond to the content of individual chapters. The first point is a theoretical analysis of the main attributes of inflation targeting with emphasis on analysis of the functioning of the transmission channels. The second point is an analysis of implementation of this strategy in the Czech National Bank and in the Reserve Bank of New Zealand. In this point separate analysis was made of the development of inflation targeting and transformation of relationship between macroeconomic variables in transmission mechanism. The third point then debates the modification of monetary policy instruments in the context of inflation targeting adopted by the Czech National Bank, with an emphasis on the introduction of exchange rate commitment. Throughout the work are used simple methods for analysis with further emphasis on the actuality. The conclusion summarizes the findings and evaluates the modification of the inflation targeting strategy as a positive phenomenon in the context of evolution of monetary policy.
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Vliv korupce a demokracie na ekonomický růst
Rais, Jonáš ; Svoboda, Miroslav (advisor) ; Bartoň, Petr (referee)
This paper analyses the effects of corruption and democracy on economic growth. Corruption is found to have significant negative effect on growth. Substantial part of the corruptions' effect is caused through corruption's transmission channels. More precisely, corruption is found to negatively affect investments, schooling, trade openness and positively affect inflation and political instability. Those effects are somewhat dampened by corruption's negative impact on government spending. Furthermore, while democracy is found to have no direct impact on growth, corruption is found to be more detrimental to growth in countries with autocratic regimes rather than in democracies. Democracy thus has mitigative effect on corruption.
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