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Regional GDP – Investment Nexus: Empirical Analysis through Classical Production Function

Author

Listed:
  • Iva Raycheva

    () (University of National and World Economy, Sofia, Bulgaria)

  • Venelin Boshnakov

    () (University of National and World Economy, Sofia, Bulgaria)

Abstract

The paper presents selected results from empirical analysis of the interrelation between the regional levels of investment and GDP. Classical models of production functions are estimated after their double-log transformation into linear regression equations. Annual data for the years 2000-2015 measured at NUTS-3 regional level is utilized in respect of the district employment, GDP, and the regional investment measured by the expenditures on fixed assets acquisition.

Suggested Citation

  • Iva Raycheva & Venelin Boshnakov, 2018. "Regional GDP – Investment Nexus: Empirical Analysis through Classical Production Function," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 143-156, May.
  • Handle: RePEc:nwe:natrud:y:2018:i:2:p:143-156
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    File URL: http://unwe-research-papers.org/bg/journalissues/article/9968
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    More about this item

    Keywords

    production function; investments; regional development; Bulgaria;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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