Spatial Pattern of Subsidies from the Structural Funds: The Case of Czech Municipalities
|Autor:||Mgr. Magda Pumprlová|
|Rok:||2018 - zimní|
|Vedoucí:|| PhDr. Lenka Šťastná Ph.D.
|Typ práce:|| Diplomová
Finance, finanční trhy a bankovnictví
|Abstrakt:||The thesis aims to uncover spatial patterns of subsidies from the European
Union funds while focusing on the 2007–2013 programming period in the Czech
Republic. We take into account demographic, economic and political characteristics
of municipalities with the extended power to determine their relevance
on the size of the obtained subsidy. Furthermore, subsidies may be clustered
in the space due to some common regional characteristics that cannot be easily
measured, or due to cooperation/competitiveness of the municipalities.
Our results from the models estimated by the Ordinary Least Squares suggest
that municipality’s population, the number of businesses, the debt of previous
periods, and the mayor’s affiliation to the political party are significant
in explaining the size of the subsidy. Based on following tests, Moran’s I and
Lagrange Multiplier test, we incorporate the spatial models estimated by the
Maximum Likelihood Estimator. We find that the subsidies managed by the
regional council disperse across the given region, indicating a hidden common
characteristic or regional council’s endogenous interventions.