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

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F12%3A%230001712" target="_blank" >RIV/47813059:19520/12:#0001712 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Comparison of Impacts of the Financial Crisis on the Czech Republic Regions by Cluster Analysis
Original language description
n 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 the Czech 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 = {Ustecky, Moravskoslezsky}, B = {Prague}, C = {Stredocesky, Plzensky, Karlovarsky}, D ={Kralovehradecky, Pardubicky, Vysocina, Olomoucky, Zlinsky} and E = {Jihocesky, Jihomoravsky, Liberecky}. 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 between
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
PROCEEDINGS OF THE 13TH INTERNATIONAL CONFERENCE ON FINANCE AND BANKING
ISBN
978-80-7248-753-0
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
229-237
Publisher name
Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné
Place of publication
Karviná
Event location
Ostrava
Event date
Jan 1, 2011
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000309369700023

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