Mazurek, Jiří (2013): On beta and sigma convergence of Czech regions.

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Abstract
The aim of the article is to examine beta and sigma convergence of fourteen Czech regions during 19952009. Using real GDP per capita panel data from the Czech Statistical Office it was found that Czech regions σdiverged in the period and this divergence was accelerating in time regardless of whether the capital city Prague was included among regions or not. Also, statistically significant βdivergence was present during the same period. There are two main possible reasons for the divergence: inequalities in foreign and domestic investments as well as the accumulation of human and physical capital in the most attractive regions, while less competitive regions were left behind. Policy implications necessary to reverse the situation include government’s support of investments in poorer regions and also gaining more financial resources from European ESF and ERDF funds.
Item Type:  MPRA Paper 

Original Title:  On beta and sigma convergence of Czech regions 
English Title:  On beta and sigma convergence of Czech regions 
Language:  English 
Keywords:  βconvergence Czech Republic; Czech regions; divergence; GDP per capita; σconvergence 
Item ID:  47940 
Depositing User:  Jiri Mazurek 
Date Deposited:  02. Jul 2013 07:46 
Last Modified:  02. Jul 2013 08:45 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/47940 