Browsing by Author "Hlaváček, Petr"
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- ItemEconomic and innovation adaptability of regions in the Czech Republic(Technická Univerzita v Liberci, 2013-08) Hlaváček, Petr; Ekonomická fakultaThe article is focused on assessment of regional adaptability in the Czech Republic and capability of regions to respond to changing economic environment where innovations and growth of the region's innovation potential plays important role. The research goal is analysis of development trajectories of regions in the Czech Republic and assessment of cohesion of economic changes with respect to the development processes in the fields of innovations. The development processes have been analysed on a group of macro-economic data (inflow of direct foreign investments, development of unemployment rate, development of population, development of gross wages, development of gross domestic product per capita) and indicators (growth of employment in R&D, increase of expenses for R&D, growth in number of innovation businesses and increase of university-degree persons) that analyze regional differences in the innovation potential at the level of regions of the Czech Republic. The data analysis revealed certain dependency among the regions of higher economic potential and innovation dynamics that supports ability of economically stronger regions to create better conditions for development and implementation of innovations. The research also confirmed differences in economic development between structurally impaired and economically undeveloped regions that adapt to economic changes slowly due to weaker economic potential while displaying lower dynamics of change to growth of the innovation potential.
- ItemThe Influence of Foreign Direct Investment and Public Incentives on the Socio-Economic Development of Regions: An Empirical Study from the Czech Republic(Technická Univerzita v Liberci, ) Hlaváček, Petr; Janáček, Julius; Ekonomická fakultaThis article investigates the impact of foreign direct investment, government financial incentives as well as science and research expenditures on different socio-economic development processes in the Czech Republic. These financial flows are important for economic growth of regions and constitute a substantial part of financial flows within national economies. We focus on the effect of these aspects on various indicators concerning the business environment, labor market, population growth and construction activity. The analysis is conducted using OLS regression models. Results indicate that it takes about two years for foreign direct investment to take effect and its influence is relevant for approximately 13 years. We found that foreign direct investment has a considerable influence on the number of small firms in the region, on the number of buildings permits in the region and on the value of residential estates. Our analysis further shows that government investment incentives have an impact on similar areas as foreign direct investment, which is in accordance with the general theory of the functioning of the economy. Science and research expenditures, on the other hand, seem not to have any effect in the first seven years after the expense has been realized. In this case, science and research expenditures show a longer time to respond as far as the studied indicators are concerned. The concrete effects of foreign direct investment and government financial incentives in terms of numerical values have been calculated using the structure of our models. The magnitude and reasons for these effects are discussed. The results of these calculations indicate that foreign direct investment and government investment incentives have significant positive effect on the development processes of regions but in specific areas only.