Economic context of european subsidies and their impact on regional economic disparities on the example of the Czech republic

Simple item page
dc.contributor.authorBrzáková, Kristýna
dc.contributor.authorKraft, Jiří
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2017-06-26
dc.date.available2017-06-26
dc.date.issued2017-06-15
dc.description.abstractThis paper presents the theoretical perspectives of economic trends in view on subsidies to investment and ask whether the allocated subsidy of ESI, specifically in the Czech Republic, are substantiated in these economic theories. This article aims to show the relationship between the amounts drawn from the selected operational program of ESI funds and per capita income level in various regions NUTS 3 during 2007-2015 in the Czech Republic. For the purpose of achieving the set goals time series analysis of variables and correlation analysis using Pearson correlation coefficient have been used. Time series data has been controlled by Durbin-Watson test of autocorrelation. Results of theoretical research brought a positive response that subsidies should positively affect the economic level of the population and should help lagging EU Member States and regions within those Member States in their economic growth. The results of empirical research showed that the correlation relationship of the amount of EU subsidies paid to the regions in the Czech Republic and the level of income cannot be clearly demonstrated. Significant correlation has been found in few of regions. However, in most cases dependence has not been demonstrated, thus, correlation between income level and amount of ESI funds from EU is not submitted. It can be concluded that in the short term, the level of per capita income in the region is getting closer to the most developed region of the City of Prague and therefore lagging regions of the country get economically closer. However, this fact cannot be clearly attributed to the amounts allocated through ESI subsidies in various regions of the Czech Republic.en
dc.formattext
dc.format.extent65-76 strancs
dc.identifier.doi10.15240/tul/001/2017-2-005
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/20842
dc.language.isoen
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisherTechnická Univerzita v Libercics
dc.publisher.abbreviationTUL
dc.relation.isbasedonAudit and Assurance Faculty. (2010). Framework document for accountants report on the utilization of subsidies. Chamber of auditors Czech Republic. Retrieved March 07, 2016 from http://www.kacr.cz/data/Metodika/Auditing/Dokument%20pro%20zprávy%20úč.znalců%20o%20čerpání%20dotací/ICAEW%20Technical%20Release%20AAF%2001%2010_anglický%20originál.pdf.
dc.relation.isbasedonBadinger, H. (2005). Growth Effects of Economic Integration: Evidence from the Member States. Review of World Economics / Weltwirtschaftliches Archiv, 141(1), 50-78. doi:10.1007/s10290-005-0015-y.
dc.relation.isbasedonBadinger, H. (2008). Technology- and investment-led growth effects of economic integration: a panel cointegration analysis for EU-15 (1960-2000). Applied Economics Letters, 15(7), 557-561. doi:10.1080/13504850600711669.
dc.relation.isbasedonBadinger, H., Müller, W., & Tondl, G. (2004). Regional Convergence in the European Union, 1985-1999: A Spatial Dynamic Panel Analysis. Regional Studies, 38(3), 241-253. doi:10.1080/003434042000211105.
dc.relation.isbasedonBailey, S. J. (2002). Public sector economics: Theory, policy and practice (2nd ed.). Basingstoke: Macmillan.
dc.relation.isbasedonBoldrin, M., & Canova, F. (2001). Inequality and Convergence in Europe's Regions: Reconsidering European Regional Policies. Economic Policy, 16(32), 205-253. doi:10.1111/1468-0327.00074.
dc.relation.isbasedonBouvet, F. (2010). EMU and the dynamics of regional per capita income inequality n Europe. Journal of Economic Inequality, 8(3), 323-344. doi:10.1007/s10888-010-9129-0.
dc.relation.isbasedonCzech Republic. (2000). Call. no. 218/2000 on budgetary rules and amending certain related laws dated 27 June 2000. §3 a). Retrieved March 20, 2016, from http://www.bezkorupce.cz/wp-content/uploads/2013/02/218_2000_Sb.pdf.
dc.relation.isbasedonCzech Statistical Office. (2014). Businesses in the Central-Bohemia Region in 2014. Retrieved January 29, 2016, from https://www.czso.cz/csu/xs/ekonomicke-subjekty-ve-stredoceskem-kraji-v-roce-2014.
dc.relation.isbasedonCzech Statistical Office. (2015). Public database. Retrieved December 29, 2015, from https://vdb.czso.cz/vdbvo2/faces/cs/index.jsf?page=home.
dc.relation.isbasedonCzechInvest. (2015). OP PI grant statistics. Retrieved December 29, 2015, from http://eaccount.czechinvest.org/Statistiky/StatistikaCerpaniDotaci.aspx.
dc.relation.isbasedonDelgado-Rodríguez, M. J., & Álvarez-Ayuso, I. (2008). Economic Growth and Convergence of EU Member States: An Empirical Investigation. Review of Development Economics, 12(3), 486-497. doi:10.1111/j.1467-9361.2008.00440.x.
dc.relation.isbasedonDesli, E. (2009). Convergence and efficiency: Evidence from the EU-15. Journal of Post Keynesian Economics, 31(3), 403-430.
dc.relation.isbasedonEl-Agraa, A. M. (2013). The European Union: Economics and policies (9th ed.). Cambridge: Cambridge University Press.
dc.relation.isbasedonEuropean Coal and Steel Community. (1951). Treaty establishing the European Coal and Steel Community. Retrieved December 17, 2015, from http://www.euroskop.cz/gallery/2/753-smlouva_o_esuo.pdf.
dc.relation.isbasedonEuropean Union. (2012). Consolidated Version of Treaty on the Functioning of European Union. Retrieved October 02, 2015, from http://eur-lex.europa.eu/legal-content/CS/TXT/PDF/?uri=CELEX:12012E/TXT&from=CS.
dc.relation.isbasedonEuropean Union. (2015). How is the EU budget used? Retrieved October 5, 2015, from http://europa.eu/about-eu/basic-information/money/expenditure/index_cs.htm.
dc.relation.isbasedonHenrekson, M., Torstensson, J., & Torstensson, R. (1997). Growth effects of European integration. European Economic Review, 41(8), 1537-1557. doi:10.1016/S0014-2921(97)00063-9.
dc.relation.isbasedonHindls, R., & Hronová, S. (2007). Statistika pro ekonomy. Prague: Professional Publishing.
dc.relation.isbasedonJones, E., Menon, A., & Weatherill, S. (2012). The Oxford handbook of the European Union. Oxford: Oxford University Press.
dc.relation.isbasedonLandau, D. (1995). The contribution of the European Common Market to the growth of its member countries: An empirical test. Weltwirtschaftliches Archiv, 131(4), 774-782. doi:10.1007/BF02707941.
dc.relation.isbasedonLee, J. (1992). International Trade, Distortions and Long-Run Economic Growth [IMF Working Papers, 92(90)]. doi:10.2307/3867316.
dc.relation.isbasedonLeonardi, R. (2006). Cohesion in the European Union. Regional Studies, 40(2), 155-166. doi:10.1080/00343400600600462.
dc.relation.isbasedonLucas, R. E. (1988). On the Mechanics of Economic Development. Journal of Monetary Economics, 22(1), 3-42. doi:10.1016/0304-3932(88)90168-7.
dc.relation.isbasedonLucas, R. E. (2009). Ideas and Growth. Economica, 76(301), 1-19. doi:10.1111/j.1468-0335.2008.00748.x.
dc.relation.isbasedonMacDonald, J. M. (1994). Does Import Competition Force Efficient Production? Review of Economics and Statistics, 76(4), 721-727. doi:10.2307/2109773.
dc.relation.isbasedonMacháček, J., Silovská, H., Říhová, G., & Jílek, P. (2013). Regionální mulitplikační efekt jako indikátor lokálního rozvoje. E&M Ekonomie a Management, 16(3), 20-33.
dc.relation.isbasedonMartinčík, D., & Šlehoferová, M. (2014). Competitiveness and Convergence of Czech Regions: Persistence of Discrepancies. E&M Ekonomie a Management, 17(2), 14-33. doi:10.15240/tul/001/2014-2-002.
dc.relation.isbasedonMartinčík, D. (2002). Grants in the Theory of the Firm. E&M Ekonomie a Management, 5(4), 21-24.
dc.relation.isbasedonMaudos, J., Pastor, M. J., & Serrano, L. (1999). Economic Integration, Efficiency and Economic Growth: The European Union Experience. Applied Economics Letters, 6(6), 389-392. doi:10.1080/135048599353159.
dc.relation.isbasedonMinistry of Regional Development of the Czech Republic. (2007). National Strategic Reference Framework. Retrieved February 18, 2016, from http://www.strukturalni-fondy.cz/getmedia/c81992d9-a5a7-4382-a859-a7ec13e9d654/Narodni-strategicky-referencni-ramec-CJ-cervenec.
dc.relation.isbasedonMinistry of Regional Development of the Czech Republic. (2014). Partnership Agreement for the Programming Period 2014-2020. Retrieved February 18, 2016, from http://www.strukturalni-fondy.cz/getmedia/6231de90-b818-4bf7-9d07-232e41da9567/Dohoda-o-partnerstvi_schvalena-EK-26-8-2014.pdf?ext=.pdf.
dc.relation.isbasedonMinistry of Regional Development of the Czech Republic. (2015a). Strukturální-fondy.cz. Brief overview of the drawing. Retrieved November 15, 2015, from http://www.strukturalni-fondy.cz/getmedia/9216a6b8-8bdf-402d-9621-035ffe673bec/Strucny-prehled-cerpani_2015_03.pdf?ext=.pdf.
dc.relation.isbasedonMinistry of Regional Development of the Czech Republic. (2015b). Programming period 2007-2013. Retrieved October 30, 2015, from http://www.strukturalni-fondy.cz/cs/Fondy-EU/Programove-obdobi-2007-2013.
dc.relation.isbasedonMusgrave, R. A. (1959). The Theory of Public Finance. The Economic Journal, 69(276), 766-770.
dc.relation.isbasedonNevima, J., & Melecký, L. (2011). Analýza beta-konvergence regionů zemí visegrádské čtyřky prostřednictvím nelineárního regresního modelu. Acta Academica Karviniensia, 2011(3), 43-57.
dc.relation.isbasedonPastor, J. M., & Serrano, L. (2012). European Integration and Inequality among Countries: A Lifecycle Income Analysis. Review of International Economics, 20(1), 186-199. doi:10.1111/j.1467-9396.2011.00998.x.
dc.relation.isbasedonPuga, D. (2002). European Regional Policies in the Light of Recent Location Theories. Journal of Economic Geography 2(4), 373-406.
dc.relation.isbasedonRomer, P. (1986). Increasing Returns and Long-Run Growth. Journal of Political Economy, 94(5), 1002-1037.
dc.relation.isbasedonRubini, L. (2010). The Definition of Subsidy and State Aid: WTO and EC in comparative perspective. Oxford: Oxford University Press.
dc.relation.isbasedonSapir, A., Aghion, P., Bertola, G., Hellwig, M., Pisani-Ferry, J., Rosati, D., Vinals, J., & Wallace, J. (2004). An Agenda for a Growing Europe: The Sapir Report. Oxford: Oxford University Press.
dc.relation.isbasedonŠipikal, M., Pisár, P., & Labudová, V. (2013). Are subsidies really needed? The case of EU regional policy in the Czech and Slovak Republic. E&M Ekonomie a Management, 16(4), 30-41.
dc.relation.isbasedonSolow, R. M. (1956). A Contribution to the Theory of Economic Growth. Quarterly Journal of Economics, 70(1), 65-94.
dc.relation.isbasedonTorstensson, R. M. (1999). Growth, knowledge transfer and European integration. Applied Economics, 31(1), 97-106.
dc.relation.isbasedonWorld Trade Organization. (2006). World Trade Report. Defining Subsidies. Retrieved October 04, 2015, from https://www.wto.org/english/res_e/booksp_e/anrep_e/wtr06-2b_e.pdf.
dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectEU fundsen
dc.subjectsubsidyen
dc.subjectEuropean convergenceen
dc.subjectregional disparitiesen
dc.subjectEuropean Unionen
dc.subject.classificationH25
dc.subject.classificationR11
dc.subject.classificationJ31
dc.titleEconomic context of european subsidies and their impact on regional economic disparities on the example of the Czech republicen
dc.typeArticleen
local.accessopen
local.citation.epage76
local.citation.spage65
local.facultyFaculty of Economics
local.fulltextyes
local.identifier.publikace4291
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue2
local.relation.volume20
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
EM_2_2017_05.pdf
Size:
1.32 MB
Format:
Adobe Portable Document Format
Description:
Článek
Download
Collections
Číslo 2