Bibliographic note Papoušek Radan. Gravity model and efficiency of trade between China and EU countries: Visegrad group, Germany, Austria. Praha 2017. 87 p. Master's thesis (Mgr.) Charles University in Prague, Faculty of Social Sciences, Institute of Eco- nomic Studies. Supervisor: doc. Ing. Vladimír Benáček CSc. Character count: 115 210 Abstract The thesis analyzes bilateral trade between China and Visegrad group (V4), Austria, and Germany. I use panel data of 23 countries across 1995-2015 to esti- mate gravity model. I compare the countries among themselves (time-series view) and analyze the development of the crucial variables employed in the model (cross- sectional view). Further, I estimate efficiency scores based on stochastic frontier analysis (SFA). Connecting the findings from all three perspectives provides com- prehensive picture of the trade relations of the given countries with China. The thesis reveals that accession to EU was beneficial for trade between V4 and China. Global value chains (GVCs) also help to intensify the trade exchange between the European countries and China. I find that Austria and Germany exhibit higher effi- ciency scores for their exports mainly due to better positions in global value chains. V4's trade balance with China is very sensitive to the decisions of the international...

Foreign Direct Investment (FDI) are regarded as the most effective form of international capital flows. The term FDI is often used in conjunction with globalisation, liberalisation and internacionalisation of the world economy. This paper deals with analysis of development of FDI in Visegrad countries (V4) after eastern enlargement of the EU, especially development of geographical and structural trends. The main analysis comes out of an analysis of business environment in individual Visegrad countries. Last but not least, the paper deals with FDI effects concerning not only positive aspects of FDI but also negative aspects connected with the FDI inflows in V4 which are arising currently as a consequence of global financial and economic crisis.

The aim of the thesis is to reveal the relation between business cycle and the number of transactions considering mergers and acquisitions. For this purpose the appropriate macroeconomics indicators have been chosen. The base hypothesis, which stands for the procyclical development of transactions, was examined by regression analysis of panel dataset containing quarterly based data from The Visegrad Group countries in the period from 2000 to 2014. The ordinary least square method together with robust estimation of standard deviation provided the confirmation about positive relation of the quarter change of GDP as the main explanatory variable and the number of transactions. Nevertheless, more robust findings appeared in case of significance of stock markets and public debt. The positive relation of the stock price was proven to be in accordance with the behavioral theory. The increase in transaction activity is capitalized through the profit from the sold of overprized stocks. Unexpected result about positive relation of public debt required the specification of assumption about the lower preference of smooth consumption of The Visegrad group households.

This thesis deals with the Visegrad Group (V4) as on of the cooperating coalitions in the European Union (EU). Then, a deeper analysis of one common topic of V4 in EU is provided - analysis of V4 activities in the framework of Eastern Partnership. Therefore the aim of the thesis is to analyse concrete actions of V4 within the policy of Eastern Partnership and choose those that contribute the most to the development of Eastern Partnership.

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.

The diploma thesis is focused on Visegrad Group citizens' trust in nonprofit organizations. Public trust in nonprofit organization is crucial for functioning of nonprofit organizations in society and for their societal status. The diploma thesis discusses trust in postcommunist countries which is generally considered weak due to their past. The purpose of the diploma thesis is to find out if diffences in trust in nonprofit organization of V4 countries citizens exist with regard to educatiion and age of citizens. The first and also thereotical part of the thesis consists of theoretical concepts of civil society, nonprofit organization and relevant types of trust. Empirical part of the thesis consists of methodology, analytical steps, intepretation, results and conclusion. In order to test the two hypotheses based on expected relation between trust in nonprofit organization, age and education the ordinal regression was used as a research method which led to a discovery of statistically significant relation between variables. Key words: civil society, nonprofit organization, trust in nonprofit organization, Visegrad Group

Do investors make bad decisions following the clock change? If so, there would be traces of such anomaly in market data. In this thesis, we investigate these traces focusing on the stock markets of the Visegrad Group, known to be pre- vailingly illiquid. We combine the most recent financial data with the ARIMA- GARCH framework while employing brand-new Bayesian techniques. Using several robustness checks, we show that such e ect cannot be traced in these markets. While we do not claim to challenge the seminal works in this field, we do support the evidence that the e ects of daylight saving policy do not pertain to less liquid markets. JEL Classification C11, G12, G14, G41 Keywords daylight saving time, market anomaly, Visegrad Group, Bayesian analysis Title Daylight Saving Time and Stock Market Re- turns: Evidence from the Visegrad Group

Diploma thesis deals with the development of external economic balance (particularly balance of payments) of Visegrad Countries in the years 2008-2010. The first chapter introduces the theory of the external economic balance. The second chapter describes the development of balance of payments of of Visegrad Countries in the years 2008-2010, common elements and differences between particular countries, basic trends, and the development during the given period of time.

The aim of this thesis is to describe economic trends in countries of the Visegrad Group between 2000 and 2009 and to analyze their economic relations with the EU. The description and analysis are based on Eurostat statistics. Economic indicators which are monitored in this thesis and statistical methods used are defined in the first chapter. The second chapter contains a description of the Visegrad Group and ist member states. The third chapter analyzes similarity of basic internal balance indicators' changes in the countries of Visegrad Group and in EU member states. The fourth chapter deals with the territorial structure of trade of the Visegrad Group. The final chapter is devoted to the geographic origin of foreign direct investment inflows in the Visegrad countries.

Wage inequality is a well-established phenomenon of contemporary labour markets both in the United States and Europe, frequently discussed in the contemporary labour economics literature. In the following paper, based on harmonised data of the EU-SILC database, a semi parametric technique of quantile regression has been applied together with the traditional OLS method in order to estimate the impact of returns to education on wages in the Visegrad Group countries, namely the Czech Republic, Poland, Hungary and Slovakia. The main aim of the analysis is to examine the returns to education in these countries in order to observe differences appearing across them as well as within selected groups formed according to both the highest level of education attained and a number of years spent in a paid work (experience).