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Research and Development Contribution to the Czech Industry Branch Growth

Author

Listed:
  • Jena ?varcová

    (Tomas Bata University in Zlín)

  • Lucie Povolná

    (Tomas Bata University in Zlín)

Abstract

GDP growth is one of the most closely watched macroeconomic aggregates. To predict its growth, it is very important to know the importance and development of individual structural components - this article has been focused on the Czech industry NACE C and its role for GDP growth in the Czech Republic. The research was mainly focused on the impact of research and development, as the revised methodology of the national accounts system in the Czech Republic has been pursuing this factor differently since 2014. For better outlook, the development has also been compared with the Visegrad countries, where the Czech Republic is a member. The years 2005 to 2016 were selected for the period under review, when the effects of the economic crisis were reflected. The end of the survey period has shown a boom in economic growth, so research has covered all the important phases of the business cycle.

Suggested Citation

  • Jena ?varcová & Lucie Povolná, 2018. "Research and Development Contribution to the Czech Industry Branch Growth," Proceedings of International Academic Conferences 7309926, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:7309926
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    File URL: https://iises.net/proceedings/43rd-international-academic-conference-lisbon/table-of-content/detail?cid=73&iid=046&rid=9926
    File Function: First version, 2018
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    More about this item

    Keywords

    GDP growth; ESA 2010; Visegrad countries; Research and Development; NACE C Manufacturing;
    All these keywords.

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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