J 2023

Regional Development of Central European Countries in the Pre-COVID Period

MAJEROVÁ, Ingrid and Ainur ABDRAZAKOVA

Basic information

Original name

Regional Development of Central European Countries in the Pre-COVID Period

Authors

MAJEROVÁ, Ingrid and Ainur ABDRAZAKOVA

Edition

Eurasian Business and Economics Perspectives, Cham, Springer Verlag, 2023, 2364-5067

Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50202 Applied Economics, Econometrics

Country of publisher

Germany

Confidentiality degree

není předmětem státního či obchodního tajemství

Organization unit

School of Business Administration in Karvina

Keywords in English

Central European countries; Human development; Index of regional development; Min-max method; NUTS 2; Pairwise correlation

Tags

International impact, Reviewed

Links

CZ.02.1.01/0.0/0.0/17_049/0008452, research and development project.
Změněno: 20/12/2023 15:29, Dr. Ing. Ingrid Majerová

Abstract

V originále

Reducing regional disparities within the European Union is one of the main objectives of EU cohesion policy. One way to monitor the failure/success of the above policy is to compare certain indicators assessing the level of human development. For this purpose, the aim of the paper was to create a composite index at the regional level (IRD—Index of Regional Development) in some Central European countries (Czech Republic, Hungary, and Slovakia) in the years between two crises: the global crisis and the crisis caused by the COVID-19. This index was created from 12 socioeconomic indicators: three economic indicators, three indicators of education, three indicators of health, and three indicators of the living standard. Afterward, the min-max method was used to construct the above index of regional development. The same variable weights were used to calculate this Index. In order to eliminate their double counting, the Pearson correlation coefficient was used. The created indexes were compared in years 2010 and 2019. Based on the principles of cohesion policy, assumptions about reducing regional disparities were ascertained and confirmed in the monitored economies.