Explaining The EU Regional Economic Growth upon Regional- and Country- Level Achievements in Education

Monica RĂILEANU Szeles (), Carmen Anton, Mirela Baba, Steliana Busuioceanu, Adriana Litră and Titus Suciu
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Monica RĂILEANU Szeles: Transylvania University of Brasov and Institute for Economic Forecasting
Carmen Anton: Transylvania University of Brasov
Mirela Baba: Transylvania University of Brasov
Steliana Busuioceanu: Transylvania University of Brasov
Adriana Litră: Transylvania University of Brasov
Titus Suciu: Transylvania University of Brasov

Journal for Economic Forecasting, 2019, issue 1, 143-157

Abstract: This paper uses the methodological framework of multilevel mixed-effects models to shed light on the importance played by regional and country-level factors for the regional economic growth within the European Union (EU). In particular, factors in the area of education and Internet utilization are considered. Gradually, variance components models, random intercept models and random slope coefficient models are tested, and finally the random slope coefficient model is found to best fit our hierarchical dataset. The results indicate that at country level lower proportions of early school leavers, as well as higher expenditure on education and R&D, enhance regional growth. At regional level, higher achievements in education and higher rates of Internet usage are both associated with higher regional economic growth. The impact of education and Internet variables on the regional economic growth is generally found to be different across the New Member States and the Old Member States.

Keywords: regional economic growth; EU; education; ICT (search for similar items in EconPapers)
JEL-codes: O12 O47 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v::y:2019:i:1:p:143-157

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