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  • In 2008 the Czech Republic´s economy fell into recession following the global financial crisis. Given unique socio-economic situation each Czech region suffered in a different way during the crisis. The aim of this article is to divide 14 regions of the Czech Republic into groups (clusters) with similar impacts of the financial crisis, where the impact of the financial crisis is defined as a (percentual) difference in selected macroeconomic indicators before and after the crisis. To solve the problem, cluster analysis via k-means clustering method was employed. Results showed regions formed following clusters: A = {Ústecký, Moravskoslezský}, B = {Prague}, C = {Středočeský, Plzeňský, Karlovarský}, D = {Královéhradecký, Pardubický, Vysočina, Olomoucký, Zlínský} and E = {Jihočeský, Jihomoravský, Liberecký}. Globally, regions in clusters A, B and E were less affected and regions in clusters C and D more affected by the crisis. Presented results can be used to stimulate collaboration betwe.
  • In 2008 the Czech Republic´s economy fell into recession following the global financial crisis. Given unique socio-economic situation each Czech region suffered in a different way during the crisis. The aim of this article is to divide 14 regions of the Czech Republic into groups (clusters) with similar impacts of the financial crisis, where the impact of the financial crisis is defined as a (percentual) difference in selected macroeconomic indicators before and after the crisis. To solve the problem, cluster analysis via k-means clustering method was employed. Results showed regions formed following clusters: A = {Ústecký, Moravskoslezský}, B = {Prague}, C = {Středočeský, Plzeňský, Karlovarský}, D = {Královéhradecký, Pardubický, Vysočina, Olomoucký, Zlínský} and E = {Jihočeský, Jihomoravský, Liberecký}. Globally, regions in clusters A, B and E were less affected and regions in clusters C and D more affected by the crisis. Presented results can be used to stimulate collaboration betwe. (en)
Title
  • Comparison of Impacts of the Financial Crisis on the Czech Republic Regions by Cluster Analysis
  • Comparison of Impacts of the Financial Crisis on the Czech Republic Regions by Cluster Analysis (en)
skos:prefLabel
  • Comparison of Impacts of the Financial Crisis on the Czech Republic Regions by Cluster Analysis
  • Comparison of Impacts of the Financial Crisis on the Czech Republic Regions by Cluster Analysis (en)
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  • RIV/47813059:19520/11:#0001543!RIV12-MSM-19520___
http://linked.open...avai/riv/aktivita
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  • I
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http://linked.open...aciTvurceVysledku
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  • 191154
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  • RIV/47813059:19520/11:#0001543
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  • Cluster analysis, Czech regions, Czech Republic, financial crisis impacts. (en)
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  • [389634FE19B2]
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  • Ostrava
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  • Karviná
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  • Lessons Learned from the Financial Crisis-Proceedings of 13th International Conference on Finance and Banking
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http://linked.open...cetTvurcuVysledku
http://linked.open...UplatneniVysledku
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  • Mazurek, Jiří
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  • Slezská univerzita v Opavě. Obchodně podnikatelská fakulta v Karviné
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  • 978-80-7248-708-0
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  • 19520
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