The determinants of economic growth in European regions

Crespo Cuaresma J, Doppelhofer G, & Feldkircher M (2014). The determinants of economic growth in European regions. Regional Studies 48 (1): 44-67. DOI:10.1080/00343404.2012.678824.

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Abstract

This paper uses Bayesian model averaging (BMA) to find robust determinants of economic growth between 1995 and 2005 in a new data set of 255 European regions. It finds that income convergence between countries is dominated by the catching-up of regions in new member states in Central and Eastern Europe, whereas convergence within countries is driven by regions in old European Union member states. Regions containing capital cities are growing faster, particularly in Central and Eastern European countries, as do regions with a large share of workers with a higher education. The results are robust when allowing for spatial spillovers among European regions.

Item Type: Article
Uncontrolled Keywords: Bayesian model averaging (BMA); Spatial autoregressive (SAR) model; Determinants of economic growth; European regions
Research Programs: World Population (POP)
Bibliographic Reference: Regional Studies; 48(1):44-67 (January 2014) (Published online 7 June 2012)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:50
Last Modified: 26 Feb 2016 12:24
URI: http://pure.iiasa.ac.at/10997

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