Determinants of Regional Entrepreneurial Activity in the Czech Republic
The following study is focused on analysis of registered businesses in the 14 regions of the Czech Republic during the period of years 1995-2013. The aim of the study was to quantify factors that affect entrepreneurial activity expressed as rate of registered businesses per capita. Based on the p...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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University of Finance and Administration
2016-07-01
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| Series: | ACTA VŠFS |
| Subjects: | |
| Online Access: | https://is.vsfs.cz/auth/repo/5260/Dvoulety_Mares_ACTA_2016_1.pdf |
| _version_ | 1818097186497363968 |
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| author | Ondřej Dvouletý Jan Mareš |
| author_facet | Ondřej Dvouletý Jan Mareš |
| author_sort | Ondřej Dvouletý |
| collection | DOAJ |
| description | The following study is focused on analysis of registered businesses in the 14 regions of
the Czech Republic during the period of years 1995-2013. The aim of the study was to
quantify factors that affect entrepreneurial activity expressed as rate of registered businesses
per capita. Based on the previous empirical studies, the determinants were selected
and hypothesis stated. Formed hypothesis investigated positive impact of GDP per
capita, unemployment rate and R&D institutions on rate of registered business activity.
To evaluate them, data were obtained from the Czech Statistical Office and formed into
dataset. Firstly, panel regressions estimated with fixed effects method were employed and
secondly, Granger causality tests to evaluate the relationship between entrepreneurial
activity and GDP per capita were used. Regression estimates proved positive relationship
between entrepreneurial activity in Czech regions and GDP per capita, unemployment
rate and support activities of R&D institutions. Positive impact was also confirmed
for population density, average age, share of tertiary educated population and real R&D
expenditures. Testing Granger causality proved dual causality between entrepreneurial
activity and GDP per capita confirming that GDP per capita as good predictor of economic
development of Czech regions. Finally, economic growth motivates Czech individuals to
enter entrepreneurial activity. |
| first_indexed | 2024-12-10T23:16:31Z |
| format | Article |
| id | doaj.art-6bce7317233043ccb1ebf4783b87fb36 |
| institution | Directory Open Access Journal |
| issn | 1802-792X 1802-7946 |
| language | English |
| last_indexed | 2024-12-10T23:16:31Z |
| publishDate | 2016-07-01 |
| publisher | University of Finance and Administration |
| record_format | Article |
| series | ACTA VŠFS |
| spelling | doaj.art-6bce7317233043ccb1ebf4783b87fb362022-12-22T01:29:50ZengUniversity of Finance and AdministrationACTA VŠFS1802-792X1802-79462016-07-011013145Determinants of Regional Entrepreneurial Activity in the Czech RepublicOndřej Dvouletý0Jan Mareš1University of Economics in PragueUniversity of Economics in PragueThe following study is focused on analysis of registered businesses in the 14 regions of the Czech Republic during the period of years 1995-2013. The aim of the study was to quantify factors that affect entrepreneurial activity expressed as rate of registered businesses per capita. Based on the previous empirical studies, the determinants were selected and hypothesis stated. Formed hypothesis investigated positive impact of GDP per capita, unemployment rate and R&D institutions on rate of registered business activity. To evaluate them, data were obtained from the Czech Statistical Office and formed into dataset. Firstly, panel regressions estimated with fixed effects method were employed and secondly, Granger causality tests to evaluate the relationship between entrepreneurial activity and GDP per capita were used. Regression estimates proved positive relationship between entrepreneurial activity in Czech regions and GDP per capita, unemployment rate and support activities of R&D institutions. Positive impact was also confirmed for population density, average age, share of tertiary educated population and real R&D expenditures. Testing Granger causality proved dual causality between entrepreneurial activity and GDP per capita confirming that GDP per capita as good predictor of economic development of Czech regions. Finally, economic growth motivates Czech individuals to enter entrepreneurial activity.https://is.vsfs.cz/auth/repo/5260/Dvoulety_Mares_ACTA_2016_1.pdfdeterminants of entrepreneurshipregional entrepreneurial activityregistered businessGDP per capitaunemploymentR&D institutionsthe Czech Republic |
| spellingShingle | Ondřej Dvouletý Jan Mareš Determinants of Regional Entrepreneurial Activity in the Czech Republic ACTA VŠFS determinants of entrepreneurship regional entrepreneurial activity registered business GDP per capita unemployment R&D institutions the Czech Republic |
| title | Determinants of Regional Entrepreneurial Activity in the Czech Republic |
| title_full | Determinants of Regional Entrepreneurial Activity in the Czech Republic |
| title_fullStr | Determinants of Regional Entrepreneurial Activity in the Czech Republic |
| title_full_unstemmed | Determinants of Regional Entrepreneurial Activity in the Czech Republic |
| title_short | Determinants of Regional Entrepreneurial Activity in the Czech Republic |
| title_sort | determinants of regional entrepreneurial activity in the czech republic |
| topic | determinants of entrepreneurship regional entrepreneurial activity registered business GDP per capita unemployment R&D institutions the Czech Republic |
| url | https://is.vsfs.cz/auth/repo/5260/Dvoulety_Mares_ACTA_2016_1.pdf |
| work_keys_str_mv | AT ondrejdvoulety determinantsofregionalentrepreneurialactivityintheczechrepublic AT janmares determinantsofregionalentrepreneurialactivityintheczechrepublic |