THE ECONOMIC EFFECTS OF INVESTMENTS IN ROAD INFRASTRUCTURE IN CZECH REPUBLIC

The goal of given paper is to research the economic impact of road infrastructure investment in Czech Republic. The concentration is given on the effects for each from fourteen regions of both local investments and investments in other regions. We estimate by using econometric models for each of the fourteen regions, and using regression and correlation analysis-we suppose that investment in road infrastructures are and were robust tools to increase not only economics power and growth in defined regions. The important fact is that investment in road infrastructure can be useful at the total (aggregate) level and at the same time for each of the fourteen regions individually. They can generates multiplication effects that fundamentally exceed the opening investment. Therefore, typical trade-off effects do not exist either in the short and the long-term. Typical trade-off effects can be found in the field of economic effects and monetary effects. The negative monetary effects, connected with investments, take part and influence economics results by budgetary consequences. The results of this paper are part of wider research project related with impacts of infrastructure on regional growth and development.