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
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DOI - Digital Object Identifier
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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
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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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
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e-ISSN
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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
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