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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2015

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

7

Strana od-do

477-483

Název nakladatele

IBIMA

Místo vydání

Amsterdam

Místo konání akce

Amsterdam

Datum konání akce

7. 5. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000360508700044