IDEAS home Printed from
   My bibliography  Save this article

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


  • Iva Raycheva

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

  • Venelin Boshnakov

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


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

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    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


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nwe:natrud:y:2018:i:2:p:143-156. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vanya Lazarova). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.