The Impact of EU Funds on Regional Economic Growth of the Czech
Republic

J 2019

The Impact of EU Funds on Regional Economic Growth of the Czech Republic

ŽÁČEK, Jan, Filip HRŮZA and Stanislav VOLČÍK

Basic information

Original name

The Impact of EU Funds on Regional Economic Growth of the Czech Republic

Authors

ŽÁČEK, Jan (203 Czech Republic, guarantor), Filip HRŮZA (203 Czech Republic, belonging to the institution) and Stanislav VOLČÍK (203 Czech Republic)

Edition

Czech Journal of Economics and Finance, Charles University, Faculty of Social Sciences, 2019, 0015-1920

Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50602 Public administration

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

URL

Impact factor

Impact factor: 0.625

RIV identification code

RIV/00216224:14560/19:00109197

Organization unit

Faculty of Economics and Administration

UT WoS

000459682900003

Keywords (in Czech)

ekonomická konvergence; hospodářský růst; EU fondy; regresní analýza

Keywords in English

economic convergence; economic growth; EU funds; regression analysis

Abstract

V originále

This research paper aims to estimate the impact of European Structural and Investment Funds (ESIF) on economic growth of the Czech Republic during the period 2004-2015 using panel data regression techniques. ESIF are instruments of European economic and social cohesion policies. The primary goal of these policies is to foster economic growth and convergence among the member states of the European Union through the reallocation of financial resources from ESIF. During 2004-2015, the Czech Republic was involved in three programming periods in which projects of an approximate value of 939 billion CZK were supported and implemented. The contribution from ESIF was approximately 757 billion CZK while 182 billion CZK were allocated from national resources. Besides the standard panel data regression techniques like pooled OLS or FE, a spatial panel data econometric method is employed. Evidence of this research shows a positive relationship between ESIF and economic growth of NUTS3 regions of the Czech Republic. Furthermore, the results also suggest economic convergence among NUTS3 regions of the Czech Republic.

Citovat

ŽÁČEK, Jan, Filip HRŮZA and Stanislav VOLČÍK. The Impact of EU Funds on Regional Economic Growth of the Czech Republic. Czech Journal of Economics and Finance. Charles University, Faculty of Social Sciences, 2019, vol. 69, No 1, p. 76-94. ISSN 0015-1920.

@article{1501437,
   author = {Žáček, Jan and Hrůza, Filip and Volčík, Stanislav},
   article_number = {1},
   keywords = {economic convergence; economic growth; EU funds; regression analysis},
   language = {eng},
   issn = {0015-1920},
   journal = {Czech Journal of Economics and Finance},
   title = {The Impact of EU Funds on Regional Economic Growth of the Czech Republic},
   url = {http://journal.fsv.cuni.cz/mag/article/show/id/1429},
   volume = {69},
   year = {2019}
}

TY  - JOUR
ID  - 1501437
AU  - Žáček, Jan - Hrůza, Filip - Volčík, Stanislav
PY  - 2019
TI  - The Impact of EU Funds on Regional Economic Growth of the Czech Republic
JF  - Czech Journal of Economics and Finance
VL  - 69
IS  - 1
SP  - 76-94
EP  - 76-94
PB  - Charles University, Faculty of Social Sciences
SN  - 00151920
KW  - economic convergence
KW  - economic growth
KW  - EU funds
KW  - regression analysis
UR  - http://journal.fsv.cuni.cz/mag/article/show/id/1429
L2  - http://journal.fsv.cuni.cz/mag/article/show/id/1429
N2  - This research paper aims to estimate the impact of European Structural and Investment Funds (ESIF) on economic growth of the Czech Republic during the period 2004-2015 using panel data regression techniques. ESIF are instruments of European economic and social cohesion policies. The primary goal of these policies is to foster economic growth and convergence among the member states of the European Union through the reallocation of financial resources from ESIF. During 2004-2015, the Czech Republic was involved in three programming periods in which projects of an approximate value of 939 billion CZK were supported and implemented. The contribution from ESIF was approximately 757 billion CZK while 182 billion CZK were allocated from national resources. Besides the standard panel data regression techniques like pooled OLS or FE, a spatial panel data econometric method is employed. Evidence of this research shows a positive relationship between ESIF and economic growth of NUTS3 regions of the Czech Republic. Furthermore, the results also suggest economic convergence among NUTS3 regions of the Czech Republic.
ER  -

ŽÁČEK, Jan, Filip HRŮZA and Stanislav VOLČÍK. The Impact of EU Funds on Regional Economic Growth of the Czech Republic. \textit{Czech Journal of Economics and Finance}. Charles University, Faculty of Social Sciences, 2019, vol.~69, No~1, p.~76-94. ISSN~0015-1920.

Detailed Information on Publication Record