Determinants of Industrialization in sub-Saharan Africa and Possibilities for their Development
Sub-Saharan economies need structural changes that would enhance their productivity, increase economic growth and development. In this regard, industrialization plays a key role. Using regression analysis, the aim of this dissertation thesis is to identify main factors (determinants) of industrialization in sub-Saharan Africa. The results indicate that infrastructure and economy size (measured by population size) represent main determinants of industrialization in the region. The thesis also deals with possibilities for development of those determinants. Case study of infrastructure development in Mauritius emphasizes privatization, cooperation with external subjects etc. Negative consequences of small
Analysis of specific instruments applied in the financial management of TNC with a focus on transfer pricing
Transfer pricing plays a crucial role in the financial management of TNC as it significantly influences revenues and costs allocation among affiliates of TNC that are located in countries with different tax regimes, interest rates, political situation and economic environment. Recently, transfer pricing is scrutinized in respect of tax minimisation strategies adopted by TNC which raises various conflicts of interest with tax authorities in some countries of their presence. The main objective of the dissertation thesis is to provide a comprehensive empirical study on international transfer pricing in the Czech Republic from the perspectives of both taxpayer and the tax authority..
René Fernando Lara Cervantes
Assessment of Policy Changes of the Impacts of Urbanization, Economic Growth and Decentralization of Water Services with Regard to Water Quality in Mexico
The thesis studies the case of water quality in Mexico as a crucial factor to prevent water scarcity. This is an important issue for Mexico since more than half of its territory is arid or semi-arid; moreover, the most productive regions are located in areas with significant water resources stress. In this regard, the current situation of water scarcity is studied from the changes in water management derived from the evolution of institutions in the country. The institutional changes were analyzed mostly in the transition from a centralized water supply and sanitation services with strong state intervention to the decentralization of such services that were transferred to municipalities. Decentralization was addressed by analyzing the performance of water supply and sanitation services in urban areas that are expected to continue growing in the near future.
Speculation on oil markets and its impact on commodity’s price
This study aims to analyse the precrisis period on the oil markets with a primary objective of assessing the role of speculation in the commodity’s price development and its volatility. First it depicts the rapidly increasing speculative activity on the futures market together with the parallel oil price surge. The speculation is initially proxied by non-commercial traders’ positions and subsequently quantified by Working’s T-index. The paper then uses speculative traders’ positions and both spot and futures prices to test for Granger causality within the framework of VAR models. For the sake of consistency it also evaluates causal links between speculation and inventories level. Further the study investigates the speculation impact on volatility of oil prices by employing various approaches in volatility quantification including GARCH models. Contrary to expectations we find that the speculatio’s impact on both prices and their volatility is rather insignificant. In the last chapter we therefore seek for an explanation of the oil price developments by examining the market fundamentals. The interaction of supply and demand finally gives substantial evidence for understanding the price developments in the precrisis period.