A Modern Industrial Policy for the Czech Republic: Optimizing the Structure of Production

Simple item page
dc.contributor.authorMarkaki, Mariacs
dc.contributor.authorPapadakis, Stelioscs
dc.contributor.authorPutnová, Annacs
dc.coverage.issue23cs
dc.coverage.volume9cs
dc.date.accessioned2021-12-07T11:54:02Z
dc.date.available2021-12-07T11:54:02Z
dc.date.issued2021-10-30cs
dc.description.abstractThe decreased demand for new vehicles will put pressure on the economy of the Czech Republic, a country deeply integrated into global value chains, as part of global vehicle production. The aim of this research was to define an appropriate industrial policy for the Czech Republic that will ensure that the country maintains its competitive position in the global market. A constrained optimization model was built, based on input–output analysis, to determine the optimal value-added structure and the intersectoral structure of the Czech economy for the country to retain its exporting character. The optimization problem was solved by using a particle swarm optimization algorithm. The results suggest that the optimal industrial policy plan for the country is the structural transformation of production, mainly targeting the development of technologically advanced sectors of manufacturing (such as: chemicals and chemical products; basic pharmaceutical products; computer, electronic, and optical products; electrical equipment; and machinery and equipment). The suggested restructuring process increased the domestic value-added in gross exports as a share of total exports by 6.77%, creating optimal production capabilities for the economy. The Czech Republic appears to have the potential for the implementation of an industrial policy, avoiding the increasingly vulnerable motor-vehicle sector.en
dc.formattextcs
dc.format.extent1-20cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationMathematics. 2021, vol. 9, issue 23, p. 1-20.en
dc.identifier.doi10.3390/math9233095cs
dc.identifier.issn2227-7390cs
dc.identifier.other175102cs
dc.identifier.urihttp://hdl.handle.net/11012/203085
dc.language.isoencs
dc.publisherMDPIcs
dc.relation.ispartofMathematicscs
dc.relation.urihttps://www.mdpi.com/2227-7390/9/23/3095cs
dc.rightsCreative Commons Attribution 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/2227-7390/cs
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/cs
dc.subjectstructural transformationen
dc.subjectinput–output analysisen
dc.subjectindustrial policyen
dc.subjectparticle swarm optimizationen
dc.subjectnature-inspired computingen
dc.subjectevolutionary computationen
dc.titleA Modern Industrial Policy for the Czech Republic: Optimizing the Structure of Productionen
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-175102en
sync.item.dbtypeVAVen
sync.item.insts2022.02.23 12:53:50en
sync.item.modts2022.02.23 12:15:11en
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Ústav managementucs
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
mathematics0903095v2.pdf
Size:
1.15 MB
Format:
Adobe Portable Document Format
Description:
mathematics0903095v2.pdf
Download
Collections
Ústav managementu