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A Generalized Model of Regional Economic Growth in the European Union

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  • Petrakos, George

    ()
    (University of Thessaly, School of Engineering, Department of Planning and Regional Development)

  • Dimitris, Kallioras

    ()
    (University of Thessaly, School of Engineering, Department of Planning and Regional Development)

  • Ageliki, Anagnostou

    ()
    (University of Thessaly, School of Engineering, Department of Planning and Regional Development)

Abstract

Understanding the forces driving regional growth in the EU is a major challenge for theory and policy. The opening of national borders, together with the rapid technological and scientific progress, has exposed regional economies to an extremely competitive, free-market, integrated economic environment, affecting their patterns of development. EU regions should, thus, be understood not only as national, geographic and administrative sub-divisions, but also as integral parts of the EU economic space. The paper develops a generalized econometric model for the investigation of the determinants of regional economic growth in 249 EU NUTS II regions, for the period 1990-2003. The model provides critical insight with important implications for theory and policy.

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Bibliographic Info

Paper provided by Economic and Social Research Institute (ESRI) in its series Papers with number DYNREG12.

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Length: 25 pages
Date of creation: 2007
Date of revision:
Handle: RePEc:esr:wpaper:dynreg12

Note: DYNREG Research Project – Dynamic Regions in a Knowledge-Driven Global Economy: Lessons and Policy Implications for the European Union
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Keywords: DYNREG; regional economic growth; EU regions;

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References

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Cited by:
  1. Richard Sellner & Wolfgang Polasek, 2011. "Does Globalization a ffect Regional Growth? Evidence for NUTS-2 Regions in EU-27," ERSA conference papers ersa11p819, European Regional Science Association.
  2. Silvia Vignetti & Emanuela Sirtori, 2010. "Infrastructure investment opportunities in the New EU Member States: the role of regional policies," Working Papers 201003, Centre for Industrial Studies (CSIL).
  3. Marcella Drummond & Felix Mora-Camino & Luis Gustavo Cruz & Amaranto Pereira, 2011. "A Bi-Level Scheme For Assessing The Impact Of Air Transportation On Local Development," ERSA conference papers ersa11p891, European Regional Science Association.
  4. Wolfgang Polasek & Richard Sellner, 2013. "The Does Globalization Affect Regional Growth? Evidence for NUTS-2 Regions in EU-27," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 1, pages 23-65, March.
  5. Dimitris Kallioras & George Petrakos & Maria Tsiapa & Lefteris Topaloglou, 2011. "The Determinants of Growth in EU Border Regions," ERSA conference papers ersa10p702, European Regional Science Association.

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