Acta Univ. Agric. Silvic. Mendelianae Brun. 2012, 60(7), 289-298 | DOI: 10.11118/actaun201260070289

Macroeconomic implication of the floods - a case study for the regions of the Czech Republic

Jana Soukopová, Lenka Furová
Katedra veřejné ekonomie, Ekonomicko-správní fakulta Masarykovy univerzity, Lipová 41a, 602 00 Brno, Česká republika

Floods are natural events with extensive impact on property and life of affected people. They significantly came in 1997 into the life of Czech society and since then has caused damage almost 172 billion CZK. The paper focuses on the assessment of impact of floods from 1997 to 2010 on economic level of each region. The impact is assessed on basis of development of the basic macroeconomic indicators such as GDP and economic level of regions, change in fixed capital formation, sales of industrial products and unemployment. The basic idea is to show how much floods have influenced region's economy and if it depends more on the amount of flood damages or nature of damage (structure within infrastructure). 13 regions of the Czech Republic except Prague were chosen for the analysis. Prague was excluded from the analysis because of its specific status (capital city and the region) and economic conditions among regions in the Czech Republic (higher GDP per capita than the national average).

Keywords: natural disaster, floods, macroeconomic impact, regions, damage

Received: August 31, 2012; Published: July 2, 2013  Show citation

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Soukopová, J., & Furová, L. (2012). Macroeconomic implication of the floods - a case study for the regions of the Czech Republic. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 60(7), 289-298. doi: 10.11118/actaun201260070289
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