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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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].

Název v anglickém jazyce

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

Popis výsledku anglicky

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].

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

50203 - Industrial relations

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název periodika

ACC Journal

ISSN

2571-0613

e-ISSN

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Svazek periodika

—

Číslo periodika v rámci svazku

29(2)

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

14

Strana od-do

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Kód UT WoS článku

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EID výsledku v databázi Scopus

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