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Comparison of the economics of Nigeria and Indonesia from the 1990s until the present
Valovik, Valeryia ; Šaroch, Stanislav (advisor) ; Sejkora, Jiří (referee)
This diploma thesis deals with the comparison of the economics of Nigeria and Indonesia from the 1990s until the present. The aim of this paper is to determine strengths and weaknesses in their economies and the factors that influenced the past and continue to impact the economic development of Nigeria and Indonesia nowadays. Fulfillment of the aim is ensured by a comparison of the aspects of historical, social, cultural, political and economic developments. Special attention is given to the analysis of international trade between the two states and to the energy sector in the respective states. In the conclusion, a statistical analysis of the dependence of economic growth on oil prices was conducted.
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The sensitivity analysis of the change in oil price on Norwegian government budget in years 2005-2015
Yarova, Hanna ; Pekárek, Štěpán (advisor) ; Prokop, Jaromír (referee)
This study selectively surveys, unifies and extends the literature on the volatility of prices on commodity goods, in particular oil and its effect on the government budget of Norway in the period from 2005 until 2015. It employs an analytic framework that examines the sensitivity of the economical channels that connect the government budget of Norway to the offshore economy. Data was gathered from the reports provided by the Ministry of Finance, Statistics Norway and Norges Bank. Findings suggest that oil price is an important factor affecting the government revenues and expenditures and that from the assesses channels only the channel of Government Pension Fund Global in Norway is the least sensitive to fluctuation in the oil prices.
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The Impact of Oil Prices on Macroeconomic Indicators in Azerbaijan and Georgia
Karimov, Farhad ; Horváth, Roman (advisor) ; Kraicová, Lucie (referee)
Using a multivariate vector autoregression (VAR) approach, this paper investigates the relationships between oil price and macroeconomic indicators of closely interrelated developing economies of oil exporting Azerbaijan and oil importing Georgia based on monthly time series from January 2001 to November 2012. The model is estimated for each country separately and the results are object for comparison. The empirical evidence suggests that oil price has significant effects on macroeconomy in both countries. In particular, these effects are positive for all 3 macroeconomic variables on the example of Azerbaijan. On the example of Georgia, these effects are positive for GDP and inflation rate, and, negative for exchange rate. On the other hand, macroeconomic indicators of Azerbaijan fail to affect oil price level.
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Závislost na ropných výnosech, ceny ropy a měnové kurzy: analýza denních dat
Budkov, Roman ; Zouhar, Jan (advisor) ; Formánek, Tomáš (referee)
This paper studies the relationship between the oil prices and exchange rates of oil exporting countries, in terms of their dependence on oil rents. The study is based on data at the daily frequency over the period 2005-2015. In the first chapter, the data set and basic characteristics of the countries are described. The second chapter represents the econometric framework for the practical section. Applying a vector error correction model mainly produced controversial results. Analysis based on a GARCH approach found a positive relationship between the value of the currencies and the oil prices, although the link with the oil rents dependence is not sufficiently evident. The paper also supports stylized facts, such as a negative relationship between the U.S. dollar value and the oil prices.
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Which Factors Drive Growth of Demand for Passenger Air Travelling?
Ondrejová, Zuzana ; Chytilová, Helena (advisor) ; Vozárová, Pavla (referee)
Is GDP per capita one of the main drivers affecting demand for passenger air travelling? Based on the time series analysis conducted for North American and Middle Eastern region, we have not rejected hypothesis about positive impact of GDP per capita on demand for air travelling. The thesis also analyzes whether the effects observed are weaker for more developed and more saturated markets. The second hypothesis was rejected, as we have found that the effect of the GDP per capita was on average 10% stronger for the North American region than for the Middle Eastern region. Moreover, we have found that for both regions oil prices are the important driver of the passenger air travel demand.
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Fuel prices and their impact on road transport
KOTEK, Jiří
Development of road transportation in Czech republic was compared with driving fuels prices development by the simple statistic examination. In was discovered, that volume of transported goods is developing indenpendently on prices of petrol and diesel in each year during last ten years. This fact is explained by business enviroment of goods transportation. Companies are obligate to deliver the goods by contract apart of the price of fuels. Outputs of goods and personál transportation rising along with prices of fuels, which is caused by growth of economy in Czech republic leading do larger amount of possible contracts and oportunities. Statistic analysis therefor confirms the hypothesis stated above. Prices of driving fuels have no influence in growth neither the structure of vehikle park in Czech republic. The amount of vehicles rises steadily last ten years indenpendently on fuel prices development. Economy crysis only slows the rise down.
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