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.
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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
Original language English
Type of outcome Article in a journal
Field of Study 50602 Public administration
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
WWW 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
Tags International impact, Reviewed
Changed by Changed by: Mgr. Daniela Marcollová, učo 111148. Changed: 31/3/2020 10:04.
Abstract
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.
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