Work detail

Evolution of Real Wealth of the Czech republic

Author: Bc. Jan Havelka
Year: 2015 - summer
Leaders: doc. Ing. Tomáš Cahlík CSc.
Work type: Bachelors
Language: Czech
Pages: 50
Awards and prizes:
Abstract: This thesis analyses the development of the inclusive Wealth of the Czech Republic and compares it
with twenty other countries. The thesis summarizes the knowledge of categorization of capital
assets, shadow prices and their impact on the productive base of a country. For an economy to
follow a sustainable development it has to provide at least the same amount of productive base for
future generations. The thesis assesses newly created Inclusive Wealth Index and analyses its
advantages and drawbacks. Furthermore, it describes used methodology and adjusts the index with
other factors that influence the inclusive Wealth of a country. Based on empirical research of data for
the Czech Republic and twenty more countries for years 1990 to 2008, stable growth of the Czech
Republic, caused by investing into human capital, was confirmed and the problems connected with
drawing down natural capital were highlighted. However, due to incompleteness of data and usage
of linear interpolation to estimate missing data, the results of the analysis need not be valid. This can
be tackled by including and comparing other indicators. On the other hand, used methodology has
proven to be useful and brought some beneficial conclusions and advices for the Czech Republic and
other countries.




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