Proceedings of the 43rd International Academic Conference, Lisbon

RESEARCH AND DEVELOPMENT CONTRIBUTION TO THE CZECH INDUSTRY BRANCH GROWTH

JENA ŠVARCOVÁ, LUCIE POVOLNÁ

Abstract:

GDP growth is one of the most closely watched macroeconomic aggregates. To predict its growth, it is very important to know the importance and development of individual structural components - this article has been focused on the Czech industry NACE C and its role for GDP growth in the Czech Republic. The research was mainly focused on the impact of research and development, as the revised methodology of the national accounts system in the Czech Republic has been pursuing this factor differently since 2014. For better outlook, the development has also been compared with the Visegrad countries, where the Czech Republic is a member. The years 2005 to 2016 were selected for the period under review, when the effects of the economic crisis were reflected. The end of the survey period has shown a boom in economic growth, so research has covered all the important phases of the business cycle.

Keywords: GDP growth, ESA 2010, Visegrad countries, Research and Development, NACE C Manufacturing

DOI: 10.20472/IAC.2018.043.046

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