Econometric test of euro adoption impact on German and Czech exports. The costs or benefits of Eurozone non-membership in the trade sector.
|Author:||Mgr. Mirka Hyžíková|
|Year:||2012 - winter|
|Leaders:|| doc. Ing. Vladimír Benáček CSc.
|Work type:|| EEI & EP
|Awards and prizes:|
|Abstract:||The purpose of this study is to find the influence of common currency on the
international trade development. The study deals with the Rose effect, which
says, that the currency unions increase trade by more than 200%.
This thesis designes an extended gravity model of international trade where the
economic characteristics of countries are combined with institutional and policy
factors of trade, such as the EU common policies, impacts of the Euro or trade
agreements and other factors, which lowers the transaction costs of trade, such as
the quality of infrastructure. The thesis also deals with the data structure influence
on the results of the estimation of gravity models and shows the problem which
is not in common literature noted.
Compared to the common research, this thesis focus in detail only on Czech
and German exports.