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Explaining The EU Regional Economic Growth upon Regional- and Country- Level Achievements in Education

Author

Listed:
  • Monica RĂILEANU SZELES

    (Transylvania University of Brasov and Institute for Economic Forecasting)

  • Carmen ANTON

    (Transylvania University of Brasov)

  • Mirela BABA

    (Transylvania University of Brasov)

  • Steliana BUSUIOCEANU

    (Transylvania University of Brasov)

  • Adriana LITRĂ

    (Transylvania University of Brasov)

  • Titus SUCIU

    (Transylvania University of Brasov)

Abstract

This paper uses the methodological framework of multilevel mixed-effects models to shed light on the importance played by regional and country-level factors for the regional economic growth within the European Union (EU). In particular, factors in the area of education and Internet utilization are considered. Gradually, variance components models, random intercept models and random slope coefficient models are tested, and finally the random slope coefficient model is found to best fit our hierarchical dataset. The results indicate that at country level lower proportions of early school leavers, as well as higher expenditure on education and R&D, enhance regional growth. At regional level, higher achievements in education and higher rates of Internet usage are both associated with higher regional economic growth. The impact of education and Internet variables on the regional economic growth is generally found to be different across the New Member States and the Old Member States.

Suggested Citation

  • Monica RĂILEANU SZELES & Carmen ANTON & Mirela BABA & Steliana BUSUIOCEANU & Adriana LITRĂ & Titus SUCIU, 2019. "Explaining The EU Regional Economic Growth upon Regional- and Country- Level Achievements in Education," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 143-157, March.
    • Handle: RePEc:rjr:romjef:v::y:2019:i:1:p:143-157
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    More about this item

    Keywords

    regional economic growth; EU; education; ICT;
    All these keywords.

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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