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On beta and sigma convergence of Czech regions

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  • Mazurek, Jiří

Abstract

The aim of the article is to examine beta and sigma convergence of fourteen Czech regions during 1995-2009. Using real GDP per capita panel data from the Czech Statistical Office it was found that Czech regions σ-diverged 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 β-divergence 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.

Suggested Citation

  • Mazurek, Jiří, 2013. "On beta and sigma convergence of Czech regions," MPRA Paper 47940, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:47940
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    File URL: https://mpra.ub.uni-muenchen.de/47940/1/MPRA_paper_47940.pdf
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    References listed on IDEAS

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    5. Michele Boldrin & Fabio Canova, 2001. "Inequality and convergence in Europe's regions: reconsidering European regional policies," Economic Policy, CEPR;CES;MSH, vol. 16(32), pages 205-253, April.
    6. Paul Evans, 1997. "How Fast Do Economies Converge?," The Review of Economics and Statistics, MIT Press, vol. 79(2), pages 219-225, May.
    7. Evans, Paul & Karras, Georgios, 1996. "Convergence revisited," Journal of Monetary Economics, Elsevier, vol. 37(2-3), pages 249-265, April.
    8. Evans, Paul & Karras, Georgios, 1996. "Do Economies Converge? Evidence from a Panel of U.S. States," The Review of Economics and Statistics, MIT Press, vol. 78(3), pages 384-388, August.
    9. Quah, Danny T, 1997. "Empirics for Growth and Distribution: Stratification, Polarization, and Convergence Clubs," Journal of Economic Growth, Springer, vol. 2(1), pages 27-59, March.
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    Keywords

    β-convergence Czech Republic; Czech regions; divergence; GDP per capita; σ-convergence;

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