This diploma paper discusses the importance of implementation of capital into the system national accounts. The purpose of this work is an estimation of capital services for real data of the Czech Republic. Conducted its own calculation is first such comprehensive estimate of the capital services, which was made. The diploma paper is divided into three parts. In the first part there is a explaination of concept of capital services and the methods of estimation and possible ways of calculating the necessary data. In the second part there is already done my own calculations of estimate of capital services used the methodology recommended by the OECD, but subject to certain adjustments, which are better suited to national conditions. Due to the volume of data all the calculations are listed in the Annex. In the text work is illustrative example of one sector of economic activity and the economy as a whole. The last section deals with experimental estimates of impact of capital services on macroeconomic aggregates, particularly gross domestic product. Other possibilities obtained an estimate of capital services, it is possible to estimate multi-factor productivity. Capital services can be used to express the input of capital.

This thesis deals with the convergence of European economies in the context of the deepening global inequality in the world. The theoretical part discusses the concept of convergence and the basic theories of economic growth, explaining the convergence of economies to their steady state. This part also deals with global inequality. Different types of inequalities and methods of measurement are identified, with focus on external inequality measured by GDP per capita in purchasing power parity. The analytical part examines the development of gross domestic product of the analyzed economies. The regression analysis of beta convergence shows that the economies converge and that the inequality between them is decreasing. One part of the analytical section also clarifies the relationship between long-term growth and its determinants. The section is concluded with the regression analysis of dependence between the long-term growth and selected determinants. The analysis shows that the statistically significant main factors contributing to long-term growth in the analyzed economies are the level of investment, openness of the economy, and government capital expenditures. Foreign direct investment inflows are also an important determinant, but not statistically significant. On the other hand, long-term economic growth is negatively influenced by the rate of population growth.

The problematics of the environment has been underestimated in China for a long time. This country has been developing with incredible speed in the last three decades. The price for such growth is the current state of the environment in China. The thesis is divided into three chapters. The goal of this thesis is to evaluate the current state of the environment in China and the development of the stance of the Chinese government towards the protection of the environment in the new millennium. In connection with the economic growth is analysed the dependence on air pollution and Chinese GDP. Last but not least are offered possible solutions and perspectives of the future development of air pollution in China.

The aim of Master's thesis is to analyse the economic development of member states of Visegrad group and to provide subsequent comparison of observed indicators. The Czech Republic, Slovakia, Hungary and Poland are connected by common history and effort to overcome all difficulties of economic transformation and then start its economic development in conditions of market economy. The theoretical part explains and qualifies the selected macroeconomic indicators. Economic development is interpreted on basis of these indicators. These are gross domestic product and its components, inflation rate, unemployment rate, current account of balance of payment to GDP and public debt to GDP. Furthermore the theoretical part contains information relating to business cycle, the group V4 and starting economic conditions of the countries. The practical part firstly discusses the development of individual countries of V4 separately in particular periods. Detailed analysis of the financial management of all four countries is followed by the summarization of received information and comparison of economic development. The conclusion of practical part outlines the expected economic development in order to give an idea where the countries are heading to.

No description available.

This thesis aims to examine the economic effect in terms of real GDP at constant 2017 national prices (in mil. 2017 US$) of being a member in the European Union in the case of Sweden. The method used to answer the research question is mainly by the Synthetic Control Method. Difference-in-difference estimations were also conducted as a complement to compare the results between the two methods. Previous literature in the subject has for the most part received results indicating that a membership in the European Union contributes to an increase in certain economic growth aspects for the member countries. The economic theories about common markets points at that a common market can be both advantageous but also disadvantageous depending on the setting. Theories more closely related to the European Union present rather ambiguous answers to certain economic effects of a membership but in some cases, it seems to be possible to assume some positive economic effect from being a European Union-member. The results in this paper seem to be robust in the way that the effect on the real GDP at constant 2017 national prices (in mil. 2017 US$) in Sweden from its membership in the European Union is negative in all estimations that were made. However, none of the results were statistically significant so there is not enough evidence to say that the Swedish real GDP at constant 2017 national prices (in mil. 2017 US$) would have been different to the factual outcome if Sweden did not join the European Union in 1995.

L'objet de ce travail est d'analyser, du XIXe siècle à 2010, les déterminants politico-économiques du niveau des dépenses publiques, exprimé en pourcentage du PIB, pour les quatre principaux pays de l'Union européenne. (la France, l'Allemagne, l'Italie et le Royaume-Uni ; groupe que l'on notera « UE-04 »). Dans le chapitre 1, nous présentons les différentes mesures de la « taille de l'État », et mettons en évidence la croissance des dépenses publiques depuis le début du XIXe siècle. Nous recensons et testons les principaux modèles monofactoriels de détermination du niveau des dépenses publiques : loi de Wagner, modèle de développement de Rostow, effet de déplacement de Peacock et Wiseman, Granger-causalité entre dépenses et recettes, et interactions budgétaires internationales. Ces modèles ne peuvent expliquer que partiellement et superficiellement l'évolution séculaire des dépenses : ils sont trop simples pour appréhender la profonde complexité des processus. Les niveaux de dépenses publiques sont de plus en plus interdépendants, du fait de l'intensification du processus de globalisation. Ils varient de plus en plus de manière similaire : ce co-mouvement (ou cycle international) est probablement lié à l'émergence d'un « fédéralisme budgétaire européen » et à l'amplification de l'intégration. Enfin, ils ne semblent pas converger, du fait de la persistance de fortes et anciennes différences, notamment institutionnelles. Le chapitre 2 propose une première étude systématique des épisodes de baisse des dépenses publiques depuis le XIXe siècle. Après une recension de la littérature, nous procédons à une analyse quantitative. Le nombre d'années de hausse des dépenses est approximativement égal à celui des baisses. En revanche, l'intensité moyenne des hausses est supérieure à celle des baisses. Ces mouvements sont de plus en plus coordonnés entre les économies. La chronique politico-économique atteste que le PIB et les dépenses liées aux guerres constituent des facteurs fondamentaux, et que sur la période contemporaine les configurations institutionnelles et la volonté des dirigeants politiques exercent une influence essentielle. Enfin, les épisodes de baisse durable sont peu nombreux et sont généralement mis en œuvre lorsque la conjoncture économique est favorable, par des réductions opérées dans les trois grandes catégories de dépenses publiques : consommation, investissement et transferts. Dans le chapitre 3, nous effectuons une ample recension de la littérature sur les déterminants des dépenses publiques. Il existe plusieurs dizaines de facteurs potentiels. Les processus de détermination des dépenses publiques étant très complexes, le contenu interprétatif des modèles théoriques est limité. La littérature néglige deux éléments pourtant désormais fondamentaux : les interactions budgétaires entre les pays, et l'influence des institutions de l'Union européenne. Le creusement de la dette et la crise des finances publiques ont conduit à une homogénéisation des gouvernements : les décisions budgétaires sont désormais largement déconnectées du positionnement idéologique des dirigeants ainsi que du niveau de soutien dont ils disposent. Une analyse économétrique en panel des déterminants des catégories de dépenses publiques sur la période 1992-2010 pour l'UE-04 indique que la croissance du PIB agit de manière significativement négative. Les autres variables politico-économiques traditionnelles peinent à expliquer les évolutions des dépenses. Un panel dynamique permet d'apprécier le rôle joué par la variable dépendante retardée. Pour le total des dépenses publiques, il existe une force de rappel, pour laquelle les transferts jouent un rôle prépondérant. / The purpose of this thesis is to analyze, from the 19th century to 2010, the politico-economic determinants of the public expenditures level, expressed in percentage of GDP, of the four major European countries. (France, Germany, Italy, and United Kingdom; group that will be abbreviated "UE-04") In Chapter 1, a presentation of the various measures of the "size of government" is undertaken, and the increase of public expenditures since the 19th century is highlighted. The most important monofactorial models determining public expenditures are reviewed and tested: Wagner's law, Rostow's development model, Peacock and Wiseman's Displacement effect, Granger causality between expenditures and receipts, and international budgetary interactions. These models can only explain partially and superficially the long-term evolution of expenditures: they are too simple to grasp the deep complexity of the determination processes. Public expenditures levels are more and more interdependent, because of the intensification of the globalization process. The levels vary more and more in a similar way: this comovement (or international cycle) is probably linked to the emergence of a "European budgetary federalism" and to the expansion of the integration. Finally, they do not seem to converge, because of the persistence of strong and old differences, especially institutional ones. Chapter 2 is a first systematic analysis of the episodes of the public expenditures' reduction from the 19th century. The literature is reviewed, and a quantitative analysis is carried out. The number of years of increase is approximately equal to the number of years of reduction. Nonetheless, the average intensity of increases is greater than the average intensity of reductions. These movements are more and more coordinated across economies. The politico-economic chronicles establishes that GDP and war-related expenditures are fundamental factors, and that in the contemporary period the institutional configurations and the will of the political leaders exert a major influence. Finally, there are few episodes of sustainable reduction. They are generally implemented when the overall economic situation is favorable, and cuts are then employed in the three major categories of public expenditures: consumption, investment, and transfers. In Chapter 3, the abundant literature related to the determinants of public expenditures is reviewed. There are several dozens of potential factors. The determination process of the public expenditures is very complex, and thus the interpretive content of theoretical models is rather limited. The literature disregards two elements that are henceforth fundamental: the budgetary interactions between countries, and the influence of the institutions of the European Union. The growing public debt and the public finance crisis have led to a homogenization of governments: budgetary decisions are henceforth largely unrelated to the ideological orientation of political leaders, as well as to the level of popularity that these leaders enjoy. An econometric analysis of panel data is performed to study the determinants of the main categories of public expenditures on the period 1992-2010 for the UE-04. GDP growth's impact is significantly negative. The other traditional politico-economic variables barely explain the evolution of public expenditures. The role played by the lagged dependent variable is estimated using a dynamic panel. There is a restoring force for the total of public expenditures, for which the transfers play a paramount role.

Baigiamajame magistro darbe yra nagrinėjamas Baltijos šalių – Lietuvos, Latvijos ir Estijos BVP, jo kitimo tendencijos bei pagrindiniai makroekonomikos rodikliai – galutinio vartojimo išlaidos, prekių ir paslaugų importas bei eksportas, investicijos, užimtųjų darbo rinkoje skaičius bei BVP defliatorius. Išnagrinėti šių rodiklių apibrėžimai bei ekonominė prasmė, taip pat apžvelgta sukaupta mokslininkų patirtis modeliuojant juos. Siekiant išsiaiškinti ryšius tarp šių rodiklių atlikta koreliacijų bei Grangerio priežastingumo analizė. Modeliuojant, visų pirma, rasti ilgalaikiai sąryšiai tarp kintamųjų, o po to kiekvienai šaliai specifikuotas paklaidų korekcijos modelis bei įvertintas šio modelio tikslumas. Išnagrinėjus praktinius ir teorinius aspektus, pateikiamos baigiamojo darbo išvados ir pasiūlymai. Darbą sudaro 5 dalys: įvadas, analitinė - metodinė dalis, tiriamoji dalis, išvados ir pasiūlymai, literatūros sąrašas. Darbo apimtis – 112 p. teksto be priedų, 60 iliustr., 35 lent., 28 bibliografiniai šaltiniai. Atskirai pridedami darbo priedai. / The gross domestic product of the Baltic States – Lithuania, Latvia and Estonia, has been examined in the master thesis. Trends of the GDP and the main macroeconomic indicators – gross final consumption expenditure, imports and exports of goods and services, investment, labor force and GDP deflator have been analyzed. The definitions of these indicators and an economic sense, as well as researchers' experience in modeling, have been examined. In order to establish the relationship between these variables, analysis of the correlation and Granger causality test has been performed. In particular, modeling started with the finding of the long – term relationship between selected indicators. After that the error correction model has been specified and the accuracy of this model has been estimated. After the examination of the practical and theoretical aspects, the conclusions and recommendations have been presented. Structure: introduction, analytical – methodical part, research part, conclusions and suggestions, references. Thesis consists of: 112 p. text without appendixes, 60 pictures, 35 tables, 28 bibliographical entries. Appendixes included.

Submitted by David Vicentin (davidvicentin@gmail.com) on 2015-02-10T03:26:59Z No. of bitstreams: 1 MPFE_VicentinD_CrescimentoLP_150209v2.pdf: 2861471 bytes, checksum: 7e24a753b428421ca829197d0e83e64c (MD5) / Rejected by Renata de Souza Nascimento (renata.souza@fgv.br), reason: Prezado David, boa tarde Seu trabalho foi rejeitado, por não estar dentro dos padrões das normas da ABNT. Segue abaixo, o que deve ser corrigido: 1 - Onde consta o nome da FGV, retirar o acento agudo da palavra Getulio. 2 - Na capa, seu nome deve estar em letra maiúscula, conforme consta na contra capa. 3 - A numeração das páginas, devem estar no canto direito do trabalho e não ao meio, como consta. Aguardo a correção. Att Renata on 2015-02-10T15:24:35Z (GMT) / Submitted by David Vicentin (davidvicentin@gmail.com) on 2015-02-10T16:36:33Z No. of bitstreams: 1 MPFE_VicentinD_CrescimentoLP_150209v3.pdf: 2859463 bytes, checksum: f33e1685c6283af90b0fe1b59b4f54b0 (MD5) / Approved for entry into archive by Renata de Souza Nascimento (renata.souza@fgv.br) on 2015-02-10T16:57:43Z (GMT) No. of bitstreams: 1 MPFE_VicentinD_CrescimentoLP_150209v3.pdf: 2859463 bytes, checksum: f33e1685c6283af90b0fe1b59b4f54b0 (MD5) / Made available in DSpace on 2015-02-10T17:05:31Z (GMT). No. of bitstreams: 1 MPFE_VicentinD_CrescimentoLP_150209v3.pdf: 2859463 bytes, checksum: f33e1685c6283af90b0fe1b59b4f54b0 (MD5) Previous issue date: 2015-02 / This paper objective is to do a survey about long term economic. It considers different model types and evaluate the relation of government with long term economic growth. Chapter 1 presents an introduction about modern growth theory and factors which were identified and impact in GDP per capita growth. Chapters 2 and 3 presents The Solow-Swan Model (with exogenous savings rate) and the Ramsey Model (optimization of consumption) are evaluated. Chapter 4 focus in different types of production function that are capable to generate or limit wealth creation. Chapter 5 presents production functions considering government as an explaining variable. Chapter 6, models are developed considering taxes and transfers with the objective to evaluate the impact in dynamic system equations. Chapter 7 GDP per capita, government per capita spending, capital per capita from Germany, Brazil, China, Denmark, United States of America and France to identify the factors participation in economic growth. / O presente trabalho tem como objetivo realizar um ensaio sobre crescimento econômico de longo prazo considerando diferentes tipos de modelos e avaliar a relação do governo com o crescimento de longo prazo. No Capítulo 1 é feita uma introdução sobre a teoria do crescimento moderno e quais os fatores foram identificados como capazes de contribuir para o crescimento do PIB per capita. Nos Capítulos 2 e 3 são apresentados os modelos de crescimento econômico de longo prazo de Solow-Swan (com taxa de poupança exógena) e o modelo de Ramsey (com otimização do consumo). O Capítulo 4 foca os diferentes tipos de função produção capazes de gerar ou restringir a criação de riquezas. O Capítulo 5 traz as funções produção contemplando o governo como variável explicativa. No capítulo 6 são desenvolvidas análises de modelos contemplando arrecadação de impostos e transferências a fim de se avaliar o impacto nas equações dinâmicas do sistema. No capítulo 7, são utilizados dados de PIB per capita, gastos per capita do governo e capital per capita de Alemanha, Brasil, China, Dinamarca, Estados Unidos e França para identificar a participação destes fatores no crescimento econômico.

The aim of this masters thesis is to propound a complex treatise about the Gross Domestic Product of the Czech Republic between the years 2010 and 2015, with focus on growth dynamics, effect of GDP components according to the expenditure approach and the income approach, international comparison and relation to other economic measures. The thesis aspires to present and interpret the analysed data and put them into socio-economic context. Data for the analysis were retrieved from the National Accounts System, the methodology then emanates from the macroeconomic theory and statistical tools. While years after the financial crisis were characterized by a mild growth, years 2012 and 2013 were a recessional period after which came a sharp growth. Determinants of this development were mainly the situation on the world markets, expansionary monetary policy and anticipations of future development. From the items constituting GDP in the expenditure approach the gross capital formation had the main influence, in the income approach it was the net operating surplus. The economic development of the Czech Republic was relatively closely correlated with the development of the European Union during the analysed period. A significant negative correlation between the value of GDP and unemployment rate also existed, as well as a less significant negative correlation between the value of GDP and inflation rate, however the latter relation was not consistent.