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New Approach to determining the economic potential of rural area on the example of the South Bohemian region of The Czech Republic

Author

Listed:
  • Petra Pártlová

    (Institute of Technology and Business in České Budějovice, Czech Republic)

  • Zuzana Dvořáková Líšková

    (University of South Bohemia, Czech Republic)

  • Miroslav Felcan

    (Academy of the Police Force in Bratislava, Slovakia)

  • Jarmila Straková

    (Institute of Technology and Business in České Budějovice, Czech Republic)

  • Jan Váchal

    (Institute of Technology and Business in České Budějovice, Czech Republic)

  • Jozef Polomský

    (Institute of Technology and Business in České Budějovice, Czech Republic)

Abstract

The paper discusses a new approach to determining the economic potential of rural area on the example of the region of South Bohemia in the Czech Republic. The approach is based on a comprehensive economic model, consisting of four sub-models (SM). Such aggregate model is used as the basis for the analysis of regional economic potential. The SMs were defined by the Progressivity Index of the Economic Structure, Trend of the Economic Structure Index, Business Activity Rate and Recreation and Tourism Index. The mathematical-statistical method of Stepwise backward analysis was used as an analytical tool. During this stage, the data database from Ekotoxa was used. Practically, the first two SMs named were verified. Furthermore, the implementation of the results was designed and tested by the researchers. Two research objectives were fulfilled, namely the construction of summary and partial models, and the suitability of the analytical method tested are verified. Practical knowledge to deal with the situation in the region of South Bohemia was also obtained. The positively influencing factors for the economic potential of the region include the trend of increasing the number of people with university education, public transport services on weekdays, nursery facilities and population density. Negative factors include the natives and availability of secondary schools with the Maturita exam and landscape fragmentation. Within the mathematical modelling, it is possible to simulate the positive and negative response of additional inputs to the tested factors.

Suggested Citation

  • Petra Pártlová & Zuzana Dvořáková Líšková & Miroslav Felcan & Jarmila Straková & Jan Váchal & Jozef Polomský, 2020. "New Approach to determining the economic potential of rural area on the example of the South Bohemian region of The Czech Republic," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 914-931, December.
    • Handle: RePEc:ssi:jouesi:v:8:y:2020:i:2:p:914-931
    DOI: 10.9770/jesi.2020.8.2(55)
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    Citations

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    Cited by:

    1. Khrushch Nila & Forkun Iryna & Kravchyk Yurii & Bordanova Lyudmila & Chenash Volodymyr, 2022. "Trends and Patterns of the Impact of the Economic Potential Implementation on the Development of Regions in the Conditions of the Creative Economy Formation," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 44(2), pages 159-166, June.
    2. Petra Pártlová & Kristína Korená & Jan Váchal, 2022. "Projecting Sustainable Systems of Economy by Means of Ecological Optimization," Energies, MDPI, vol. 15(22), pages 1-13, November.

    More about this item

    Keywords

    economic potential; rural space; stepwise backward analysis; summary economic model; sub-model;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General

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