Ekonometrický test vlivu přijetí eura na české a německé exporty: analýza nákladů a výnosů plynoucích z členství v eurozóně
| Thesis title in Czech: | Ekonometrický test vlivu přijetí eura na české a německé exporty: analýza nákladů a výnosů plynoucích z členství v eurozóně |
|---|---|
| Thesis title in English: | Econometric test of euro adoption impact on German and Czech exports: the costs and benefits of Eurozone membership in the trade sector |
| Key words: | Euro, models of trade |
| English key words: | Euro, models of trade |
| Academic year of topic announcement: | 2010/2011 |
| Thesis type: | diploma thesis |
| Thesis language: | čeština |
| Department: | Institute of Economic Studies (23-IES) |
| Supervisor: | doc. Ing. Vladimír Benáček, CSc. |
| Author: | hidden - assigned by the advisor |
| Date of registration: | 09.01.2012 |
| Date of assignment: | 09.01.2012 |
| Date and time of defence: | 02.02.2012 00:00 |
| Venue of defence: | Opletalova 26 |
| Date of electronic submission: | 09.01.2012 |
| Date of proceeded defence: | 02.02.2012 |
| Opponents: | PhDr. Mgr. Michael Princ |
| Guidelines |
| The implementation of benefits resulting from euro adoption depends on the ability of the new member country operate without the independent monetary policy. That`s why it is important the coordination of the business cycles vis- ?-via the paradigm of OCA
According to Frankel and Rose (1998), it is exactly the increased trade integration (caused by common currency) which should increase the correlation of the business cycles. I would like to verify, whether the common currency really increases the trade integration (increases export) and in case of Czech Republic quantify the potential benefits followed by higher amount exports after euro adoption. I will also consider the inflow of foreign direct investments in case of euro adoption. The data will be collected from Eurostat, European Commission, the World Bank, IMF, Geobytes, Heritage Foundation and WTO. |
| References |
| [1] Anderson, J. E. (1979): A Theoretical Foundation for the Gravity
Equation, American Economic Review, 69 (1), March, 106-116. [2] Baldwin, R. (2006): The Euro‘s Trade Effects. Frankfurkt, ECB Working Paper Series no. 594. [3] Baldwin, R., Taglioni, D. (2006): Gravity for dummies and dummies for gravity equations, NBER Working Paper 12516, National Bureau of Economic Research. [4] Baldwin, R., Wyplosz, C. (2006): The Economics of European Integration, McGraw-Hill Education. [5] Babecká Kucharcuková, O., Babecký, J., Raiser, M. (2010): A Gravity Approach to Modelling International Trade in South-Eastern Europe and the Commonwealth of Independent States: The Role of Geography, Policy and Institutions, CNB Working Paper 4/2010 |
| Preliminary scope of work |
| 1. Verify whether the European Monetary Union fulfills the Optimum currency area criterion ? correlation of the business cycles of the particular members.
2. Verify significant positive impacts of the euro on trade flows between the EMU member states ? i.e. the impact of euro on trade creation, which enhances the GDP. 3. Verify if euro enhances the trade after entering the EMU by means of gravity modelling. |
| Preliminary scope of work in English |
| 1. Verify whether the European Monetary Union fulfills the Optimum currency area criterion ? correlation of the business cycles of the particular members.
2. Verify significant positive impacts of the euro on trade flows between the EMU member states ? i.e. the impact of euro on trade creation, which enhances the GDP. 3. Verify if euro enhances the trade after entering the EMU by means of gravity modelling. 4. Verify significant positive impacts of the euro on foreign direct investments inflow. |