Creative destruction in Czech economy

By using statistical methods and methods of macroeconomic analysis it has been proved that Schumpeter's theory of the creative destruction works not only as a theoretical model but it holds true even in real economics. With these methods it has been proved that during the currency and economic crisis in the 1997 and following the creative destruction was present in Czech economy and that it has changed the economy to be more effective and more productive than it was before which has helped to reach steeper growth rate afterwards. This means that the crisis through the creative destruction in fact has improved a condition of the whole Czech economy. Such an improvement has been also proved by an international comparison with the economy of the Slovak republic where the creative destruction didn't act so much due to an absence of economic crisis