Economic and innovation adaptability of regions in the Czech Republic

The article is focused on assessment of regional adaptability in the Czech Republic and capability of regions to respond to changing economic environment where innovations and growth of the region's innovation potential plays important role. The research goal is analysis of development trajectories of regions in the Czech Republic and assessment of cohesion of economic changes with respect to the development processes in the fields of innovations. The development processes have been analysed on a group of macro-economic data (inflow of direct foreign investments, development of unemployment rate, development of population, development of gross wages, development of gross domestic product per capita) and indicators (growth of employment in R&D, increase of expenses for R&D, growth in number of innovation businesses and increase of university-degree persons) that analyze regional differences in the innovation potential at the level of regions of the Czech Republic. The data analysis revealed certain dependency among the regions of higher economic potential and innovation dynamics that supports ability of economically stronger regions to create better conditions for development and implementation of innovations. The research also confirmed differences in economic development between structurally impaired and economically undeveloped regions that adapt to economic changes slowly due to weaker economic potential while displaying lower dynamics of change to growth of the innovation potential