Analýza konvergence České republiky k Evropské unii

Abstract

The thesis, based on the foundations of macroeconomic analysis, offers closer analysis of convergence and its analysis of theoretical and methodological point of view. The thesis provides specific look at how the Czech Republic is situated in assessing the state of convergence in comparison with other European Union countries and also the characteristics of the processes taking place in the Czech economy in its convergence with the advanced countries of the European Union. The thesis is divided into four chapters. The first chapter is devoted to theoretical and methodological background of economic convergence within the meaning of comparative economics, and are listed as well as theoretical approaches regarding the meaning and functioning of convergence Czech Republic in the context of European integration. The second chapter of the thesis is also a theoretical- methodological and deals with the definition of economic convergence in nominal and real convergence, not only in relation of Czech Republic to the European Union, but also in broader economic terms. The third chapter is application-authentication and apply theoretical and methodological foundations and approaches to specific conditions of nominal convergence criteria. In the third chapter is the question on how Czech Republic stands in comparison with other member states of the European Union, and it is possible to answer from different angles. The analysis of the achieved macroeconomic values shows that the biggest barrier for Czech Republic to the fulfillment of the Maastricht convergence criteria is the state of public finances, which would go better with a comprehensive and credible fiscal consolidation. Through the lens of real convergence, specifically in the order of the economic performance of individual member states, the Czech Republic in 2012, is at 17th place. Indicator of the price level shows, that the Czech Republic is at a higher level than before the global financial and economic crisis. In 2012, the Czech price level less than 70 % of the euro. In comparison with other countries can be stated that the measured correlation of economic activity in the Czech Republic can be rated as above average. Development of three-month interest rates in the Czech Republic practically copying the rates of the euro area since 2004 and in the long term are at a similar level. According to the latest data available there is a reduction of the interest rate differential. When analyzing the structural similarity of economies, I came to conclusion that the aggregate structure of the Czech economy doesn’t come close to the structure of the economies of the Member States of the European Union. Last watched real convergence criterion confirmed that the net position is one of the many benefits of membership of Czech Republic in the European Union. The final fourth chapter analyzes the participation of the Czech Republic in the process of economic policy coordination and evaluation of short positions and roles Czech Republic in the next steps of deepening European integration. The main questions of the thesis were verified using application - verification method that applies the theoretical and methodological foundations and approaches to specific conditions of nominal and real convergence.