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A Generalized Model of Regional Economic Growth in the European Union

  • 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)

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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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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