文章基本信息

标题：Economic Growth Determinants for European Regions: Is Central and Eastern Europe Different?
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作者：Jesús Crespo Cuaresma ; Gernot Doppelhofer ; Martin Feldkircher 等
期刊名称：Focus on European Economic Integration
出版年度：2009
卷号：2009
期号：3
出版社：Österreichische Nationalbank
摘要：We investigate the robustness of economic growth determinants for European regions in the period from 1995 to 2005. In particular we focus on the systematic differences in growth trig- gers for Central and Eastern European (CEE) regions as compared to regions belonging to the older EU Member States. Our method is based on the Bayesian model averaging of cross- sectional growth regressions, where we draw attention to (1) the spatial correlation structure of economic growth among European regions and (2) model uncertainty. The spatial autore- gressive model (SAR) is employed to capture growth spillovers among European regions. We f ind that the regional income convergence process between countries is dominated by the catching-up process of CEE regions. Human capital, measured as the population share of highly educated workers, and income convergence appear to be robust driving forces of in- come growth. Capital cities grow faster, on average, with an additional growth bonus for those located in CEE. On top of this, the spatial model specif ication reveals a range of infrastructure variables as important growth determinants. Our results are robust with respect to different econometric model specif ications.
关键词：Model uncertainty, spatial autoregressive model, determinants of economic growth, European regions