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Comparison of Impacts of the Financial Crisis on the Czech Republic Regions by Cluster Analysis

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F11%3A%230001543" target="_blank" >RIV/47813059:19520/11:#0001543 - isvavai.cz</a>

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    Comparison of Impacts of the Financial Crisis on the Czech Republic Regions by Cluster Analysis

  • Original language description

    In 2008 the Czech Republic´s economy fell into recession following the global financial crisis. Given unique socio-economic situation each Czech region suffered in a different way during the crisis. The aim of this article is to divide 14 regions of theCzech Republic into groups (clusters) with similar impacts of the financial crisis, where the impact of the financial crisis is defined as a (percentual) difference in selected macroeconomic indicators before and after the crisis. To solve the problem, cluster analysis via k-means clustering method was employed. Results showed regions formed following clusters: A = {Ústecký, Moravskoslezský}, B = {Prague}, C = {Středočeský, Plzeňský, Karlovarský}, D = {Královéhradecký, Pardubický, Vysočina, Olomoucký, Zlínský} and E = {Jihočeský, Jihomoravský, Liberecký}. Globally, regions in clusters A, B and E were less affected and regions in clusters C and D more affected by the crisis. Presented results can be used to stimulate collaboration betwe.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

    AH - Economics

  • OECD FORD branch

Result continuities

  • Project

  • Continuities

    I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Others

  • Publication year

    2011

  • Confidentiality

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

Data specific for result type

  • Article name in the collection

    Lessons Learned from the Financial Crisis-Proceedings of 13th International Conference on Finance and Banking

  • ISBN

    978-80-7248-708-0

  • ISSN

  • e-ISSN

  • Number of pages

    9

  • Pages from-to

    396-404

  • Publisher name

    Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné

  • Place of publication

    Karviná

  • Event location

    Ostrava

  • Event date

    Oct 12, 2011

  • Type of event by nationality

    EUR - Evropská akce

  • UT code for WoS article