EconPapers    
Economics at your fingertips  
 

Economic performance of the NUTS III Regions in the Czech Republic in the context of entrepreneurship subsidies from the EU Structural Funds

Jana Kolaříková (), Ondřej Dvouletý () and Petr Kolařík ()
Additional contact information
Jana Kolaříková: University of Economics, Prague, Faculty of Economics,Department of Regional Studies, Winston Churchill Sq. 4, 130 67 Prague 3, The Czech Republic
Ondřej Dvouletý: University of Economics, Prague, Faculty of Business Administration, Department of Entrepreneurship, Winston Churchill Sq. 4,130 67 Prague 3, The Czech Republic.
Petr Kolařík: University of Economics, Prague, Faculty of Economics, Department of Regional Studies, Winston Churchill Sq. 4, 130 67 Prague 3, The Czech Republic

Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, 2018, vol. 36, issue 1, 129-153

Abstract: Entrepreneurship is considered to be one of the essential factors of economic growth and entrepreneurship policy is considered to be a significant contributor to the regional economic development. The aim of the present paper is to determine whether the unemployment rate and the GDP per capita of the NUTS III regions in the Czech Republic are influenced by the amount of financial subsidies paid to businesses from the Operational Programme Enterprise and Innovation (OPEI). We employed regression analysis and Granger Causality testing in order to evaluate our Hypotheses. Results from the use of econometric models confirmed statistically significant positive impact of OPEI subsidies lagged by one year on the growth of NUTS III GDP per capita. However, we were unable to confirm statistically significant initial impact of OPEI subsidies on the growth of GDP per capita. The hypothesis assuming negative impact of OPEI subsidies on changes of regional unemployment rate was statistically confirmed both initially and with a lag of one year.

Keywords: Internet; ICT; e-sales; exports; service firms (search for similar items in EconPapers)
JEL-codes: F23 F14 O33 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.efri.uniri.hr/upload/Zbornik_1_2018_2v ... y-Kolarik-2018-1.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rfe:zbefri:v:36:y:2018:i:1:p:129-153

Access Statistics for this article

More articles in Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics from University of Rijeka, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Antica Sergovic ().

 
Page updated 2019-04-10
Handle: RePEc:rfe:zbefri:v:36:y:2018:i:1:p:129-153