Detail práce

Asymmetric developments in the EU: Is the Lucas Paradox behind?

Autor: Mgr. Jaroslav Štěpán,
Rok: 2019 - letní
Vedoucí: PhDr. Jaromír Baxa Ph.D.
Konzultant:
Typ práce: Diplomová
Ekonomická teorie
Jazyk: Anglicky
Stránky: 116
Ocenění:
Odkaz:
Abstrakt: Development in European Union is showing that even despite high amount of effort in
economic integration, differences in cross-country development are still at play. Indications
about Lucas Paradox can be observed, due to inefficient flow of capital. Aim of this study is to
quantify, whether this Lucas paradox is present in EU and how it contributes to convergence or
divergence between countries. Comparison of panel VAR impulse-response functions is used
for evaluation. Results suggests, that Lucas paradox can be identified between Euro area vs
non-Euro area countries and Euro area core vs periphery. Furthermore, capital misallocation
regarding these four groups prevents possible short-term economic convergence.

Partneři

Deloitte

Sponzoři

CRIF
McKinsey
Patria Finance