Analýza konvergenčních procesů v Číně

This thesis describes the analysis of real and nominal convergence determinants in China. Real convergence focuses on period 1982-2015 and nominal on years 1990-2016. Econometric model for real convergence is based on the Solow model and explores the influence of savings, population growth, investment in physical and human capital on economic growth. The regression shows statistical significance of investment in physical capital that has positive impact on economic growth. Econometric model for nominal convergence is searching for the influence of GDP, exports, imports and foreign investment on the changes in relative price levels in China and abroad. The model uses a comparative price level as explained variable and the regression shows the statistical significance of imports and exports on the levels of CPL. Raise in imported goods and services shows raise in the level of CPL. On the contrary, the rise in the level of exports shows a decrease in CPL. In the case of nominal convergency, the results might by under bias in the form of endogeneity.