On Regional Development of Czech Regions before and after the Great Recession

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F15%3A%230003579" target="_blank" >RIV/47813059:19520/15:#0003579 - 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
On Regional Development of Czech Regions before and after the Great Recession
Original language description
The aim of the article is to examine beta and sigma convergence of fourteen Czech regions during 1995-2013. With the use of real GDP per capita panel data from the Czech Statistical Office it was found that Czech regions sigma-diverged until 2008, when sigma-divergence attained its peak, and after 2008 insignificant sigma-convergence occurred. Nevertheless, the whole period 1995-2013 was characterized by statistically significant (at p = 0,001 level) sigma-divergence. On the other hand, there was not found statistically significant beta-divergence or beta-convergence during the same period. There are two main possible reasons for sigma-divergence: disparities in foreign direct investments flowing mainly to the capital city of Prague, and accumulation of human and physical capital in Prague and the most attractive regions, while less attractive (peripheral) regions were left behind. Policy implications necessary to reverse the situation include government support of investments in poore
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
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of The 25th International Business Information Management Association Conference
ISBN
978-0-9860419-4-5
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
477-483
Publisher name
IBIMA
Place of publication
Amsterdam
Event location
Amsterdam
Event date
May 7, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000360508700044

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