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1

Business Research, Development, and Innovations in Economic Recession

100%
Mracek K.
Teorie vědy (Theory of Science)
|
2009
|
vol. 31
|
issue 3-4
263-294
EN
The article is devoted to the enterprise and state reactions against the impact of economic crisis on business R&D and innovation. It analyses strategic approaches and solution of enterprises during the crisis period with respect to ensuring competitiveness when the economy rebounds. There are used findings from surveys realised in the Czech Republic as well. The article is concluding with the context of general environment for business R&D by analysis of economic stimulus packages introduced by governments as measures in response to the crisis.
2

VPLYV EKONOMICKEJ RECESIE NA ŠTRUKTÚRNE ZMENY ZAMESTNANOSTI NA SLOVENSKU

86%
Morvay K.
Ekonomický časopis (Journal of Economics)
|
2010
|
vol. 58
|
issue 2
144-155
EN
This early appraisal of employment changes during recession deals with the role of self-employment and with the role of education level. The decline of employment during recession is far from an equable process. In the early stage of recession in Slovakia, along with downturn of employee number, the role of self-employment grew rapidly. This process was contradictory to tendencies in majority of EU countries. The impact of recession on labour force was diverse: the number of lower-educated employed persons fell substantially in the same time the number of tertiary educated employed persons grew (in spite of sharp GDP decline). This tendency was similar to employment restructuring in most EU countries, however in Slovakia it was more obvious. Both these tendencies are signs of creative destruction, but they are accompanied with serious risks for Slovak society.
3

MEASURING THE DYNAMICS OF CZECH REPUBLIC OUTPUT CONNECTEDNESS WITH THE GLOBAL ECONOMY

86%
Ogbuabor J. E.
Ekonomický časopis (Journal of Economics)
|
2019
|
vol. 67
|
issue 10
1070 – 1089
EN
Czech Republic is a Central European market economy that emerged following the peaceful dissolution of the former Czechoslovakia. It is an economy driven mainly by manufacturing, services and innovation, with a dynamic external sector. Its dependence on exports makes output growth vulnerable to shocks or contractions in external demand, thereby necessitating this study, which examines the dynamics of its output connectedness with the global economy from 1990Q1 to 2016Q4 using the Diebold and Yilmaz (2009) network approach. The results indicate that Czech’s output connectedness with the rest of the world is quite sizeable, with a total connectedness index of 82% over the above period. The results also show that EU member countries, especially Germany, exert the most dominant output influence on the Czech economy and therefore have the potential to spread output shocks to it, while Poland and Slovakia are most susceptible to output shocks emanating from the Czech economy. Furthermore, the role of the USA in the Czech economy increased remarkably after the 2012/2013 economic recession in the Czech Republic. These results suggest that the Czech economy is considerably open, deeply interconnected and sensitive to international output shocks such that policymakers in the Czech Republic must be constantly conscious of headwinds originating from the aforementioned sources.
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