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Growth determinants in the regions of the EEC—An empirical study
Abstract Reported here are results of an empirical analysis of regional growth in the European Economic Community for the period 1950–75. Data limitations ruled out the specification of a formal regional growth model. Accordingly the analysis is limited to the testing of various hypotheses of growth determinants using multiple regression analysis. The analysis was applied to GDP per capita data for 74 regions. A clear and consistent pattern of convergence was found. Significant growth determinants included economic structure, urbanization and centrality. The sunbelt hypothesis was confounded. Regional policy subsidies were not significant. The most important individual determinant was the growth of the rest of the state in which the region was located although there was a progressive weakening of this effect over time. The results allow for interesting comparisons with similar studies of State growth in the U.S.
Growth determinants in the regions of the EEC—An empirical study
Abstract Reported here are results of an empirical analysis of regional growth in the European Economic Community for the period 1950–75. Data limitations ruled out the specification of a formal regional growth model. Accordingly the analysis is limited to the testing of various hypotheses of growth determinants using multiple regression analysis. The analysis was applied to GDP per capita data for 74 regions. A clear and consistent pattern of convergence was found. Significant growth determinants included economic structure, urbanization and centrality. The sunbelt hypothesis was confounded. Regional policy subsidies were not significant. The most important individual determinant was the growth of the rest of the state in which the region was located although there was a progressive weakening of this effect over time. The results allow for interesting comparisons with similar studies of State growth in the U.S.
Growth determinants in the regions of the EEC—An empirical study
Whitbread, Michael (author)
1981
Article (Journal)
English
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