THE EFFECT OF THE COVID-19 PANDEMIC ON ECONOMIC GROWTH AND R&D SPENDING IN CZECHIA, GERMANY, AND POLAND

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46747885%3A24310%2F23%3A00012193" target="_blank" >RIV/46747885:24310/23:00012193 - isvavai.cz</a>

Result on the web

<a href="https://www.researchgate.net/publication/378908516_The_Effect_of_the_COVID-19_Pandemic_on_Economic_Growth_and_RD_Spending_in_Czechia_Germany_and_Poland" target="_blank" >https://www.researchgate.net/publication/378908516_The_Effect_of_the_COVID-19_Pandemic_on_Economic_Growth_and_RD_Spending_in_Czechia_Germany_and_Poland</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.2478/acc-2023-0003" target="_blank" >10.2478/acc-2023-0003</a>

Result language

angličtina

Original language name

THE EFFECT OF THE COVID-19 PANDEMIC ON ECONOMIC GROWTH AND R&D SPENDING IN CZECHIA, GERMANY, AND POLAND

Original language description

The article investigates the impact of the COVID-19 pandemic on economic growth,specifically focusing on research and development (R&D) expenditures in the CzechRepublic, Germany, and Poland. The analysis spans the periods preceding, during, andfollowing the pandemic. The central objective of the article is to examine whether thepandemic, considering the implemented restrictions and associated financial aid, influencedthe economic growth trajectory and the allocation of resources to research and development inthe aforementioned Central European countries. The research utilizes time series data from2011 to 2022, sourced from Eurostat, to track the evolution of Gross Domestic Product (GDP)and Gross Expenditure on Research and Development (GERD). Key indicators under scrutinyincluded GDP, GERD, and R&D intensity GERD as a percentage of GDP. A chain indexwas constructed to facilitate not only cross-country comparisons of these indicators but alsoan examination of year-to-year changes and an analysis of the growth rate of the GERDindicator. The research findings reveal that that COVID-19 really affected not only thedevelopment of the monitored economies but also the R&D area; however, it was not thesame in all the monitored countries. The impact of the pandemic can be seen in the decline inGDP in all three countries in 2020, but GERD decreased in only two of them the CzechRepublic and Germany. Poland experienced a significant increase in research anddevelopment funding in real terms. Both indicators (GDP and GERD) immediately resumedtheir growth in 2021 in all analyzed countries. From that it can be concluded that the impactof the COVID-19 pandemic on the GDP and GERD of the Czech Republic, Germany andPoland was not of a long-term nature. (18) (PDF) The Effect of the COVID-19 Pandemic on Economic Growth and R&D Spending in Czechia, Germany, and Poland. Available from: https://www.researchgate.net/publication/378908516_The_Effect_of_the_COVID-19_Pandemic_on_Economic_Growth_and_RD_Spending_in_Czechia_Germany_and_Poland [accessed Mar 15 2024].

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

CEP classification

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OECD FORD branch

50203 - Industrial relations

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

ACC Journal

ISSN

2571-0613

e-ISSN

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Volume of the periodical

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Issue of the periodical within the volume

29(2)

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

14

Pages from-to

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UT code for WoS article

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EID of the result in the Scopus database

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