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The Impact of Structural Funds and Cohesion Fund on Convergence: The Case of Slovak Districts
Kotrč, Michal ; Šťastná, Lenka (advisor) ; Cahlík, Tomáš (referee)
Do Structural Funds and Cohesion Fund contribute to the improvement of economic performance across Slovak districts? In order to answer the question this thesis explores the impact of EU funds invested within specific operational programmes over the programming periods 2007-2013 and 2014-2020 on the decrease in unemployment rate and on the increase in real wage and employment rate. Besides the standard panel data regression technique we also apply a spatial autoregressive model due to the presence of spillover effects between regions. This thesis thus goes beyond the existing literature on the evaluation of the impact of EU funds in Slovakia as it incorporates spatial effects in the analysis. In comparison with the results of the baseline fixed effects model, the estimated impact of EU funds in the spatial autoregressive model is smaller and in certain cases even negative. Hence the results raise doubts about the efficiency of EU funds. Furthermore, after including the spatial effects we find that the existence and significance of the economic convergence across Slovakia depends not only on the chosen economic indicator but also on the specification of regional units.
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Convergence process of the Czech economy to the Eurozone
Klimková, Lucie ; Vostrovská, Zdenka (advisor) ; Ševčíková, Michaela (referee)
This bachelor thesis is focused on the czech economic convergence towards eurozone countries and specifying the current degree of convergence. The theoretical part contains brief definition of real and nominal convergence in the view of standart economic literature. The practical part describes a progress, current degree and relation between nominal and real convergences. Main indicators are recognized in the connection with both processes. Those indicators accelerate and decelerate the convergence process. The main goal of my work is to define an effective economic policy based on recognized indicators.
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Horizontalni a vertikalni obchod v ramci odvetvi mezi novymi a stavajicimi clenskymi zememi EU - implikace pro konvergenci
Hromadová, Jana ; Klosová, Anna (advisor) ; Nowak, Jean Jack (referee)
The main aim of this dissertation is to provide evidence on the development of bilateral trade relations related to manufacturing industry between Hungary, the Czech Republic, Slovakia, Poland, Slovenia, Estonia, Lithuania and Latvia and the old Member States of the EU (EU 15/EU 25) through focus on the intra-industry trade phenomenon during the period delimited by years 1995, 1999, 2004 and 2007. Based on data from Eurostat Easy Comext database classified according to the Standard International Trade Classification (Rev.3), Grubel-Lloyd indices are computed at the level of 3-digit and 1-digit manufacturing industries (SITC 5, 6, 7, 8) and thereafter aggregate to the level of manufacturing sector as a whole (SITC 5 - 8). Consequently, Greenaway, Hine and Milner methodology is used for disentangling intra-industry trade into its horizontal and vertical components (the latter being further separated into low quality vertical intra-industry trade and high quality vertical intra-industry trade) on the basis of unit value indices. The results show that the share of intra-industry trade in total trade between the countries in focus is increasing during the complete period in all countries and all sectors with SITC 6, 7 and 8 clearly inclining to intra-industry specialization. Altogether, the predominant specialization in high quality vertical IIT is presented, implying so far only slowly advancing convergence steps of the new Member States towards the path of the initial Members of the EU.
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The andantages and disadvantages of joining the EMU for the Czech republic
Tůmová, Daniela ; Brůna, Karel (advisor) ; Petrušová, Martina (referee)
The aim of this bachelor thesis is to discuss whether the Czech Republic is well prepared or not to join The European Economic and Monetary Union. It also describes the advantages and disadvantages connected with membership in The EMU. At the beginning it describes The European Economic and Monetary Union and the process of its formation. It also pays attention to the Maastricht criteria. Their performance is necessary for becoming a member of the EMU. It deals with economic convergence between the Czech Republic and other members of the EMU. Another topic of this work is the current performance of the Maastricht criteria by the Czech Republic. .In the last chapter it focuses on the current economic situation in the Czech Republic and the current economic convergence to the EMU. Finally this work evaluates that in these days the Czech Republic is not ready to join the European Economic and Monetary Union.
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Nominal and real convergence between the Czech Republic and the euro area
Salaj, Petr ; Brůna, Karel (advisor)
The aim of this bachelor thesis is to discuss how well the Czech economy is prepared to enter the eurozone. It first briefly describes the conception and development of the European Economic and Monetary Union, the Maastricht criteria and the economic convergence criteria. It further considers the potential advantages and disadvantages offered to the Czech Republic from EMU membership, and then judges the Czech Republic's fulfilment of the Maastricht criteria. The last chapter focuses on the current economic convergence between the Czech Republic and the euro area. Finally the work evaluates the position of the Czech economy and concludes that in the short term the Czech Republic is not ready to adopt the Euro.
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