|
|
The Elasticity of Demand for Gasoline: Evidence from the Czech Republic
Lacko, Radoslav ; Polák, Petr (advisor) ; Žáček, Jan (referee)
Charles University Faculty of Social Sciences Institute of Economic Studies MASTER'S THESIS The Elasticity of Demand for Gasoline: Evidence from the Czech Republic Author: Bc. Radoslav Lacko Supervisor: Mgr. Petr Polák MSc. Academic Year: 2018/2019 Abstract Studying the price responsiveness of the fuel demand is popular topic among researchers. The price elasticity is used for predicting future tax revenues, or fuel consumption under various situations. This thesis focuses on elasticity estimation for the Czech Republic using high frequency evidence. We use the process of data mining to get the Czech evidence. Observed elasticity differs by the data aggregation level. Estimated long-run elasticity range between −0.38 and −0.68 for gasoline users and between −0.43 and −0.54 for diesel users. Much lower elasticity was estimated in the short-run that confirms economic theory. JEL Classification C51, C55, L71, Q43 Keywords elasticity, fuel, Czech Republic, microdata Author's e-mail rl.lacko@gmail.com Supervisor's e-mail polakpet@gmail.com
|
|
|
Analysis of schema.org utilization
Káva, Ján ; Svátek, Vojtěch (advisor) ; Mynarz, Jindřich (referee)
The bachelor thesis is about utilization of semantic model schema.org. The theoretical part provides an analysis of using schema.org with data standards Microdata, RDFa and JSON-LD. Furthermore the theoretical part is describing search engine optimization and posibilities of schema.org in its improving. In the practical part there is an analysis of utilization of schema.org in data formats Microdata, RDFa and JSON-LD, based on data extracted from a web crawl in October 2016.
|
|
|
Stress Testing the Private Household Sector Using Microdata
Galuščák, Kamil ; Hlaváč, Petr ; Jakubík, Petr
We develop a methodology for identifying financially distressed households and use it for testing the responses to shocks to the unemployment rate, the interest rate and prices of essential expenditure in the Czech Republic. We extend the approach of Johansson and Persson (2006) for Sweden and Albacete and Fessler (2010) for Austria to allow for full labour market transitions between employment and unemployment, and, due to data availability, to account for heads and spouses within households. This improvement may lead to a higher response of household distress incidence due to the unemployment rate shock than in both Sweden and Austria, while the effects due to the interest rate shock are of similar size as in Austria. We illustrate the use of our approach for stress testing households’ ability to pay their debts using macroeconomic scenarios from the CNB’s official forecast and from the CNB’s Financial Stability Report. The results highlight the importance of using micro-level datasets in the analysis of household distress incidence, as the impact of shocks is more pronounced among lower-income households.
Fulltext:  PDF
|
guest ::
