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The Determinants of Economic Growth in European Regions
Crespo Cuaresma J., Doppelhofer G. and Feldkircher M. The determinants of economic growth in European regions, Regional Studies. 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.
The Determinants of Economic Growth in European Regions
Crespo Cuaresma J., Doppelhofer G. and Feldkircher M. The determinants of economic growth in European regions, Regional Studies. 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.
The Determinants of Economic Growth in European Regions
Cuaresma, Jesús Crespo (author) / Doppelhofer, Gernot (author) / Feldkircher, Martin (author)
Regional Studies ; 48 ; 44-67
2014-01-02
24 pages
Article (Journal)
Electronic Resource
English
Bayesian model averaging (BMA) , Spatial autoregressive (SAR) model , Determinants of economic growth , European regions , 贝式模型平均法(BMA) , 空间条件自回归模型(SAR) , 经济成长要素 , 欧洲区域 , ‘Bayesian Model Averaging’ , Modèle auto-régressif géographique , Déterminants de la croissance économique , Régions européennes , Bayesian Model Averaging (BMA) , Räumliches autoregressives Modell (SAR-Modell) , Determinanten des Wirtschaftswachstums , Europäische Regionen , Promedios de modelo bayesiano , Modelo autorregresivo espacial , Determinantes del crecimiento económico , Regiones europeas , C11 , C21 , O52 , R11
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