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The Property Rights Security Is Important: How Exactly?
Flanderová, Tereza ; Schwarz, Jiří (advisor) ; Jánský, Ivo (referee)
This thesis focuses on the impact of institutional quality in a particular country on various firm characteristics on a sample of developing economies from the Central and Eastern Europe and Asia. In the first part we review the existing literature on the topic and formulate our two countervailing theoretical hypotheses, both of which use the transaction costs approach and predict different strategic behavior of the firms. In the empirical part we employ seven firm characteristics as response variables to determine the prevailing institutional influence on them, using microeconomic data from the World Bank's Business Environment and Enterprise Performance Survey (BEEPS) and corresponding institutional indices from the Worldwide Governance Indicators dataset. We find that in poor institutional environments, firms often engage in strategic behavior that allows them to minimize transaction costs imposed upon them so that they merge more activities together and become generally bigger.
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Analysis of the trends, contexts and perspectives of the macroeconomic development of China in 1990 - 2014
Topor, Jiří ; Czesaný, Slavoj (advisor) ; Ševčíková, Michaela (referee)
The purpose of this diploma thesis is the analysis of macroeconomic development of China in 1990 - 2014 in four key economic areas: economic performance, financial sector, labor market and internal and external equilibrium. The main hypothesis is that China is not threatened by a hard-landing in the next few years. The theoretical part explains the basic terms and defines the research framework. In the empirical part is conducted the analysis of the selected indicators in that framework, consisting of internal and external equilibrium, labor market and demographic trends, financial sector, fiscal and monetary policies and additional growth factors. The result of the empirical part is the construction of a SWOT matrix. At the end there are proposed the recommendations for setting the future economic policy in China.
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BRIC: the way to deepening, intensifying and extending cooperation
Wiesner, Jakub ; De Castro, Tereza (advisor) ; Jedlinský, Jakub (referee)
The goal of the Bachelor's thesis on the topic "BRIC: the way to deepening, intensifying and extending cooperation" is to present essential information about this group, to aim at the analysis of the mutual collaboration among the countries of BRIC and to outline the possibilities of the development. The following chapters are focused on potential prospective of this group being enlarged by some other developing countries with rapidly emerging markets and economics. Economic results of the countries of BRIC are being compared with the greatest economics of the world represented by the Unites States of America, European Union and Countries of G7. In the conclusion I take into consideration the issue whether the group BRIC might become in the future the economic leader of the world.
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