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Banking sector, stock market development and economic growth in Zimbabwe : a multivariate causality frameworkDzikiti, Weston 02 1900 (has links)
The thesis examined the comprehensive causal relationship between the banking sector, stock market development and economic growth in a multi-variate framework using Zimbabwean time series data from 1988 to 2015. Three banking sector development proxies (total financial sector credit, banking credit to private sector and broad money M3) and three stock market development proxies (stock market capitalization, value traded and turnover ratio) were employed to estimate both long and short run relationships between banking sector, stock market and economic growth in Zimbabwe. The study employs the vector error correction model (VECM) as the main estimation technique and the autoregressive distributed lag (ARDL) approach as a robustness testing technique.
Results showed that in Zimbabwe a significant causal relationship from banking sector and stock market development to economic growth exists in the long run without any feedback effects. In the short run, however, a negative yet statistically significant causal relationship runs from economic growth to banking sector and stock market development in Zimbabwe. The study further concludes that there is a unidirectional causal relationship running from stock market development to banking sector development in Zimbabwe in both short and long run periods. Nonetheless this relationship between banking sector and stock markets has been found to be more significant in the short run than in the long run. The thesis adopts the complementary view and recommends for the spontaneity implementation of monetary policies as the economy grows. Monetary authorities should thus formulate policies to promote both banks and stock markets with corresponding growth in Zimbabwe’s economy. / Business Management / M. Com. (Business Management)
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The effect and impact of national and international law on foreign investment in South AfricaMhlongo, Lindelwa Beaulender 04 April 2018 (has links)
Foreign Direct Investment (FDI) is one of the factors that can influence the growth and development of the economy of a country, but on the other hand, it could have a negative effect if not regulated properly by the host country. States must ensure that FDI is properly regulated in the best interests of the country and the foreign investor itself. South Africa has reviewed its foreign investment legal framework and during this process, it terminated most of its bilateral investment treaties that previously regulated foreign investment in the country. In turn, it introduced the Protection of Protection of Investment Act that regulates both domestic and foreign investment. This study analyses the way in which national and international investment law affect FDI inflow and the economy of South Africa. The study also deals with the determinants of foreign investment in the host country and the extent to which they have an influence on the inflow of FDI. / Public, Constitutional and International Law / LL. M.
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DOPAD VÝVOJE EKONOMIKY V LETECH 2005 - 2012 NA POSTAVENÍ ZNEVÝHODNĚNÝCH SKUPIN OBYVATELSTVA NA ČESKÉM TRHU PRÁCE / Impact of economic development in 2005-2012 on the status disadvantaged groups on czech labour marketSvobodová, Lucie January 2013 (has links)
The paper examines the status of selected disadvantaged groups in the Czech labour market in 2005-2012. The main goal of this paper is to test the hypothesis that these disadvantaged groups respond to changes in Czech GDP more sensitive than the general unemployment rate. This thesis describes the development of general unemployment rate and selected disadvantaged groups in studied period. The main hypothesis is verified using regression analysis performed on the time series. Empirical investigation, realized in this work, confirm this hypothesis in a group of graduates and persons at age 15-24. For persons with disabilities and persons at age 50-74 failed to confirm the hypothesis.
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Ekonomika Rakouska a komparace s ČR / The economy of Austria and its comparison to the Czech RepublicNěmcová, Martina January 2014 (has links)
The aim of the thesis is to describe the economy of Austria from the perspective of basic macroeconomic indicators and their development from the early 1990s to the present. These indicators are compared with the selected countries, especially with Germany, the United States of America and the Czech Republic. As Austria is a small open economy, international trade and external economic balance are important topics to be mentioned. Austria is compared to the Czech Republic. Both countries are not only geographically close to each other, they also have a common history and cultural traditions. Therefore, a comparison of their pension systems, healthcare and ethnic compositions is included in this thesis.
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Komparace vývoje veřejných rozpočtů v jednotlivých politických cyklech od vzniku České republiky do roku 2015 / Comparation of development of public budgets at particular political cycles in Czech Republic since 1993 to 2015Křeček, Štěpán January 2015 (has links)
The paper provides a comprehensive overview of public budgets in the Czech Republic, focusing on government budgets. The thesis compares the development of fiscal policies in distinct political cycles in the modern era of the Czech Republic. This allows for the analysis of the influence of the fiscal policies on the development of distinct macroeconomic indicators which then makes possible the evaluation of the success of different approaches to budget making. The preparation of public budgets is a periodical activity which happens at all levels of public governance. Therefore, the paper thoroughly analyzes preceding budgets and attempts to reveal the errors make by our governments. A deductive method is used with these analyses and their comparisons to make the foundation for general principles which can be used for the improvement of the budget planning in the Czech Republic.
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Analýza konjunkturálních průzkumů / Analysis of the Business Cycle SurveysBallarinová, Marie January 2012 (has links)
The aim of this diploma thesis is to describe the problematic of business cycle and consumer surveys and represent their current development and usage. The secondary objective is to link economical and statistical bonds of business cycle surveys. First, the work describes the basic definition of business cycle surveys and their users. Further it is graphically and theoretically evaluating the current development of particular confidence indicators and their sub-questions. Subsequently is in frame of the current economic development compared development of leading indicators with the development of gross domestic product (calculated using the production method) using the HP filter. In the last part of the work are modeled one-dimensional ARIMA time series models of branch confidence indicators. Result of the work is business cycle surveys analysis in terms of basic economical and statistical ties. Completed work should serve as a material to understand business cycle survey and their importance in frame of economy development.
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Produto interno bruto ajustado ambientalmente para Amazônia legal brasileira: uma análise de matriz de insumo-produto e matriz de contabilidade social / Environmental gross domestic product for Brazilian Legal Amazon: an analysis of input-output matrix and social accounting matrix.Andrea Castelo Branco Brasileiro 13 November 2012 (has links)
The purpose of this work was to present and apply an analytical tool to the flows of goods and income between economic agents and the environment that allows us to calculate the Environmental Gross Domestic Product (EGDP) for Brazilian Legal Amazon. In order to achieve this goal the Environmental Social Accounting Matrix (ESAM) was developed. The model was developed from the traditional Social Accounting Matrix, the Environmental Input-Output Analysis Models, and from the United Nations handbook on the System of Integrated Environmental and Economic Accountings. The EGDP was calculated from the Environmental Input-Output Analysis, since the unavailability of data did not allow the application of the model of ESAM. The flows between the economy and the environment considered were the emissions of green house gases (depreciation of natural capital) and the investment needed to return the air to the same quality it had before being polluted. The results showed that the inclusion of depreciation of natural capital in the Gross Domestic Product (GDP) and in the added value (AV) calculation for each industry of the Brazilian Legal Amazon Region diminished the AV significantly in the industries of cattle (235%), soybean (77%), and other activities of livestock and agricultural (24%). In the Rest of Brazil, the industries with the highest impact of depreciation of natural capital on AV were soybean (30%), cattle (15%) and sugarcane (13%). The total EGDP of the Brazilian Legal Amazon Region was 15% smaller than its total GDP, whereas this difference for the rest of Brazil was 1%. Considering that the GDP is a component of economic wellbeing, the results show a significant reduction in economic wellbeing due to green house gas emissions released into the air by economic activities, mainly due to land use changes. The Environmental Social Accounting Matrix Model is a useful tool to help decision makers since it offers an analytical instrument for economic behavior and the impacts of economic activities on the environment. / The purpose of this work was to present and apply an analytical tool to the flows of goods and income between economic agents and the environment that allows us to calculate the Environmental Gross Domestic Product (EGDP) for Brazilian Legal Amazon. In order to achieve this goal the Environmental Social Accounting Matrix (ESAM) was developed. The model was developed from the traditional Social Accounting Matrix, the Environmental Input-Output Analysis Models, and from the United Nations handbook on the System of Integrated Environmental and Economic Accountings. The EGDP was calculated from the Environmental Input-Output Analysis, since the unavailability of data did not allow the application of the model of ESAM. The flows between the economy and the environment considered were the emissions of green house gases (depreciation of natural capital) and the investment needed to return the air to the same quality it had before being polluted. The results showed that the inclusion of depreciation of natural capital in the Gross Domestic Product (GDP) and in the added value (AV) calculation for each industry of the Brazilian Legal Amazon Region diminished the AV significantly in the industries of cattle (235%), soybean (77%), and other activities of livestock and agricultural (24%). In the Rest of Brazil, the industries with the highest impact of depreciation of natural capital on AV were soybean (30%), cattle (15%) and sugarcane (13%). The total EGDP of the Brazilian Legal Amazon Region was 15% smaller than its total GDP, whereas this difference for the rest of Brazil was 1%. Considering that the GDP is a component of economic wellbeing, the results show a significant reduction in economic wellbeing due to green house gas emissions released into the air by economic activities, mainly due to land use changes. The Environmental Social Accounting Matrix Model is a useful tool to help decision makers since it offers an analytical instrument for economic behavior and the impacts of economic activities on the environment.
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Management stavebních investic regionů / Management of construction investments in the regionsVaňková, Lucie Unknown Date (has links)
The doctoral thesis deals with the management of regions construction investments. The aim of the doctoral thesis is to monitor the efficiency of the regions of the Czech Republic, which is pursue by gross domestic product indicator and investment activities that are held in the regions. Investment activity is observed in detailed breakdowns on the projects of civil engineering and transport infrastructure. Very important source of construction activity in recent years have become the European funds. Therefore the thesis observe the dependence of the projects on EU financial support. The main outcome of this doctoral thesis is to identify a possible link between the performance of individual regions of the Czech Republic and investment activities occurring here.
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“Accumulation by Dispossession” by the Global Extractive Industry: The Case of CanadaKinuthia, Wanyee 13 November 2013 (has links)
This thesis draws on David Harvey’s concept of “accumulation by dispossession” and an international political economy (IPE) approach centred on the institutional arrangements and power structures that privilege certain actors and values, in order to critique current capitalist practices of primitive accumulation by the global corporate extractive industry. The thesis examines how accumulation by dispossession by the global extractive industry is facilitated by the “free entry” or “free mining” principle. It does so by focusing on Canada as a leader in the global extractive industry and the spread of this country’s mining laws to other countries – in other words, the transnationalisation of norms in the global extractive industry – so as to maintain a consistent and familiar operating environment for Canadian extractive companies. The transnationalisation of norms is further promoted by key international institutions such as the World Bank, which is also the world’s largest development lender and also plays a key role in shaping the regulations that govern natural resource extraction. The thesis briefly investigates some Canadian examples of resource extraction projects, in order to demonstrate the weaknesses of Canadian mining laws, particularly the lack of protection of landowners’ rights under the free entry system and the subsequent need for “free, prior and informed consent” (FPIC). The thesis also considers some of the challenges to the adoption and implementation of the right to FPIC. These challenges include embedded institutional structures like the free entry mining system, international political economy (IPE) as shaped by international institutions and powerful corporations, as well as concerns regarding ‘local’ power structures or the legitimacy of representatives of communities affected by extractive projects. The thesis concludes that in order for Canada to be truly recognized as a leader in the global extractive industry, it must establish legal norms domestically to ensure that Canadian mining companies and residents can be held accountable when there is evidence of environmental and/or human rights violations associated with the activities of Canadian mining companies abroad. The thesis also concludes that Canada needs to address underlying structural issues such as the free entry mining system and implement FPIC, in order to curb “accumulation by dispossession” by the extractive industry, both domestically and abroad.
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“Accumulation by Dispossession” by the Global Extractive Industry: The Case of CanadaKinuthia, Wanyee January 2013 (has links)
This thesis draws on David Harvey’s concept of “accumulation by dispossession” and an international political economy (IPE) approach centred on the institutional arrangements and power structures that privilege certain actors and values, in order to critique current capitalist practices of primitive accumulation by the global corporate extractive industry. The thesis examines how accumulation by dispossession by the global extractive industry is facilitated by the “free entry” or “free mining” principle. It does so by focusing on Canada as a leader in the global extractive industry and the spread of this country’s mining laws to other countries – in other words, the transnationalisation of norms in the global extractive industry – so as to maintain a consistent and familiar operating environment for Canadian extractive companies. The transnationalisation of norms is further promoted by key international institutions such as the World Bank, which is also the world’s largest development lender and also plays a key role in shaping the regulations that govern natural resource extraction. The thesis briefly investigates some Canadian examples of resource extraction projects, in order to demonstrate the weaknesses of Canadian mining laws, particularly the lack of protection of landowners’ rights under the free entry system and the subsequent need for “free, prior and informed consent” (FPIC). The thesis also considers some of the challenges to the adoption and implementation of the right to FPIC. These challenges include embedded institutional structures like the free entry mining system, international political economy (IPE) as shaped by international institutions and powerful corporations, as well as concerns regarding ‘local’ power structures or the legitimacy of representatives of communities affected by extractive projects. The thesis concludes that in order for Canada to be truly recognized as a leader in the global extractive industry, it must establish legal norms domestically to ensure that Canadian mining companies and residents can be held accountable when there is evidence of environmental and/or human rights violations associated with the activities of Canadian mining companies abroad. The thesis also concludes that Canada needs to address underlying structural issues such as the free entry mining system and implement FPIC, in order to curb “accumulation by dispossession” by the extractive industry, both domestically and abroad.
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