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The Regional Dynamics of Economic Growth: Evidence from GMM Estimation in Turkey

Author

Listed:
  • Gömleksiz, Mustafa

    (Faculty of Political Sciences, Necmettin Erbakan University, Turkey)

  • Özsahin, Serife

    (Faculty of Political Sciences, Necmettin Erbakan University, Turkey)

Abstract

Recently, a growing body of research has dealt with the causes of growth differences in the context of regional economies. It can be argued that such differences mostly arise from a variety of economic and structural determinants pertain to regional characteristics. This study investigates the effects of potential determinants of regional economic growth in Turkey. In this respect, we examine the impact of human capital, R&D, exports, public investments, inflation and unemployment on per capita regional income across the 26 NUTS 2 regions for the 2008-2014 period. The results of the difference and the system GMM estimations show that human capital and R&D are essential for economic growth at a regional level. According to the results, exports, public investments, and inflation are also important determinants of regional economic growth. However, empirical results indicate an inverse relationship between regional growth and unemployment.

Suggested Citation

  • Gömleksiz, Mustafa & Özsahin, Serife, 2019. "The Regional Dynamics of Economic Growth: Evidence from GMM Estimation in Turkey," Asian Journal of Applied Economics/ Applied Economics Journal, Kasetsart University, Faculty of Economics, Center for Applied Economic Research, vol. 26(1), pages 71-100, June.
    • Handle: RePEc:ris:apecjn:0030
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    More about this item

    Keywords

    Regional economic growth; human capital; R&D; public investments; GMM; Turkey;
    All these keywords.

    JEL classification:

    • C36 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Instrumental Variables (IV) Estimation
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • 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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