Thesis is dedicated to Bayesian Estimation of DSGE Models. Firstly, the history of DSGE modeling is outlined as well as development of this macroeconometric field in the Czech Republic and in the rest of the world. Secondly, the comprehensive DSGE framework is described in detail. It means that everyone is able to specify or estimate arbitrary DSGE model according to this framework. Thesis contains two empirical studies. The first study describes derivation of the New Keynesian DSGE Model and its estimation using Bayesian techniques. This model is estimated with three different Taylor rules and the best performing Taylor rule is identified using the technique called Bayesian comparison. The second study deals with development of the Small Open Economy Model with housing sector. This model is based on previous study which specifies this model as a closed economy model. I extended this model by open economy features and government sector. Czech Republic is generally considered as a small open economy and these extensions make this model more applicable to this economy. Model contains two types of households. The first type of consumers is able to access the capital markets and they can smooth consumption across time by buying or selling financial assets. These households follow the permanent income hypothesis (PIH). The other type of household uses rule of thumb (ROT) consumption, spending all their income to consumption. Other agents in this economy are specified in standard way. Outcomes of this study are mainly focused on behavior of house prices. More precisely, it means that all main outputs as Bayesian impulse response functions, Bayesian prediction and shock decomposition are focused mainly on this variable. At the end of this study one macro-prudential experiment is performed. This experiment comes up with answer on the following question: is the higher/lower Loan to Value (LTV) ratio better for the Czech Republic? This experiment is very conclusive and shows that level of LTV does not affect GDP. On the other hand, house prices are very sensitive to this LTV ratio. The recommendation for the Czech National Bank could be summarized as follows. In order to keep house prices less volatile implement rather lower LTV ratio than higher.

The thesis deals with Hong Kong in terms of logistics, economy and foreign trade. The main goal of the paper is to evaluate the current status of Hong Kong in international trade and transport. Partial objectives of the thesis include answering the question of logistics and infrastructure facilities sufficiency and analysing Hong Kong's status within the principle One Country, Two Systems. In terms of methodology, the thesis works with time comparison, relation analysis, root cause analysis and deduction. The paper is divided into four parts. The first one deals with logistics from the general and theoretical point of view. The second part focuses on Hong Kong economy development after 1997. In the third part, Hong Kong foreign trade development from 1980s until now is analysed and the last part deals with transport and logistics in Hong Kong.

The diploma thesis analyses the economy of Ukraine and its importance from the world economy perspective. The work strives to investigate what key economic areas of influence Ukraine has and how development of Ukraine can impact other countries. At the beginning, this thesis analysis the history of the Ukrainian economy, all its struggles and successes. Subsequently, this work defines why and how the current situation in Ukraine is important to the world. Mainly, relationship with the European Union is considered. The thesis is concluded with an overview of economic predictions and scenarios of future development announced by international organizations.

This masters thesis deals with the phenomena of corruption and its methods of measuring. The objective of this thesis was to fully analyze the problem of corruption, its types, causes and consequences. This work describes organizations that measure corruption and the methods of its measuring. Most of the methods are based on the soft data gained in opinion polls. That is why the aim of this thesis was to link Corruption Perception Index with the truly measurable data as world tax index and size of shadow economy. The main finding of the work is negative correlation between world tax index and CPI and positive correlation between size of shadow economy and CPI.

The diploma thesis aims to find out how the global economic crisis influenced the Italian economy. The thesis is divided into four chapters. The first chapter describes the process of the European monetary integration, where the role of Italy is emphasized. The second chapter deals with the specifics of the Italian economy which are put in historical context. The third chapter analyses the impacts of the crisis on the Italian economy. The last chapter is dedicated to anti-crisis policies taken by the Italian government. Furthermore, the current situation of the Italian economy is assessed.

This thesis is aimed at cashless payments which have recently gained worldwide significance. Cash is being gradually phased-out by card transactions and mobile payments via non-bank provider of payment services. A question arises of what would happen if cash would disappear in its entirety and we would find ourselves in a "cashless society". This topic which at first glance appears to be utopian is the subject of this thesis. The first part compares the market of cashless payments in the Czech Republic and in northern Europe (which is amongst the most developed), in particular with regard to the use of cards and mobile payments. The second part is concerned with the phenomenon of shadow economy and the influence of cashless payments on its volume. Concrete recommendations for the Czech economy are also the part of this chapter. The final part hits the essence of the issue and deals with concrete pros and cons of going cashless. The chapter is systematically divided into three parts - security, cost-benefit analysis and legal aspects.

The diploma thesis deals with the motivation factors of a rightful tax return. The aim of the thesis was to identify influence of attitude, subjective norms and behavioural control on a truthfulness of a taxpayer when filling in the tax return. The first part of the thesis is aimed on definition of a tax evasion. Furthermore, this part deals with the causes of tax evasions as well as with ethical point of view on tax evasions in general. The second part of the thesis deals with the indicators of extent and evolution of tax evasions in the Czech Republic and in the European Union. The indicators of tax evasions are the following: shadow economy, tax gap of VAT, tax quota, corruption index and frequency of tax control. The third part includes the results of the questionnaire survey that was realised among the Czech entrepreneurs. The results show the cases of tax evasions that the entrepreneurs may have consider as rightful. Thereafter, using the chi-squared test, the analysis examined whether the attitude of the entrepreneurs towards the tax evasions is influenced by the factors as company seat, annual turnover or number of employees. In several cases, the research confirmed an existence of dependence between attitude of entrepreneurs towards tax evasions and the factors stated above.

The aim of this final thesis is the evaluation of the current situation in the area of sustainable development of tourism in Cyprus. The thesis is structured into several chapters. First of them describes the sustainable development in general, it presents beside other things the forms of so called gentle tourism and the principles and pillars it is based on. The second chapter describes the countrys geography, history, economical situation, environment and infrastructure. Another part presents Cyprus as a destination of tourism, with its attractiveness and differences related to the geopolitical situation. It also describes the incoming and domestic tourism. The last chapter analyses the permanent sustainability of tourism development in Cyprus. It contains also the final evaluation of the current situation based on the use of relevant indicators of sustainable development of tourism and the use of the created SWOT analysis.

Diploma thesis focuses on the social economy and social entrepreneurship. Its aim is to identify possible directions of further development of the social economy in the Czech Republic. The starting point for this work is the assumption that successful development of social entrepreneurship is dependent on access to financial resources, a good legislative definition and availability of the necessary information. The operational objective is to analyze the range of financial instruments available to social enterprises. The work is divided into several parts. The first chapter summarizes the historical development of the social economy in Western European countries and subsequently in the Czech Republic. The next chapter presents the approaches to the concept of social economy from the perspective of several European institutions. The chapter is also a case of good practice from Italy. The following chapter, in which are presented the main theoretical approaches to the social economy in the Czech Republic. In the analytical part of the work are first defined problem areas of social entrepreneurship, it is also stated range of financial instruments available to social enterprises and subsequently defined possible directions of further development of the social economy.

This thesis presents current business climate in Argentina. It aims to provide an overview of the investment environment and to extend previous studies by closer view on the energy industry. Its main findings are the following ones: Recent economic and political development rise concerns among policy makers and executives. Argentina applies strong interventionist policy and frequently interfere into the free market functioning. Among the most important issues are: foreign currency controls, manipulation of statistical results and noncompliance with its debt obligation. In various occasion expropriated private companies with aim of markets correction. The thesis also presents a case study of the Spanish company Repsol, whose investments in the Argentinean YPF were nationalized. According to my findings this act occurred under unconventional procedure and violated several laws and agreements. These policies resulted in the lower confidence among foreign investors. And despite that final figures for 2012 are still not available, there are various signs that the level of investment declines.