The aim of master thesis is finding answers to the question, if inhabitants of western Europe are happier than inhabitants of eastern Europe. I want to compare standards of living in these regions based on the indexes of living standards. Further I want find out, if the happiness is measurable. Europe during the economic crisis has shown that GDP of countries slowed down, but is this economic indicator showing happiness of nations? Does it present satisfaction and well-being of the population? Can we identify some relation or dependence between GDP and happiness of the population? What are the indicators that are able to answer this question? A substantial part of my work will be comparison of the individual indexes of living standards and I will specify, what means standard of living and what are the components. In the practical part I want to compare reality in different areas of human life, which is related to the standard of living and to compare these data between the nations in western Europe and eastern Europe.

The aim of this master's thesis is to get familier with problematic and concepts of econometrics (GDP, investment, usage and others). We see into used data mainly their characters and expectations and we discuss possibilities of frequention and time-frequention analysis of these data by Fourier and Wavelet transform. Data of quarter development of gross domestic product in Czech Republic, EU and USA will be analysed by the help of programm MATLAB. Data will be filtered by three ekonomic filters: Hodrick-Prescott, Baxter-King and Christiano-Fitzgerald filters. The aim is to find cyclic elements in developments of GDPs and to suggest an optimal type of analysis.

Determinants, economic growth, models of economic growth, foreign direct investment, openness, international trade, GDP