The Hard Worker, the Hard Earner, the Young and the Educated: Empirical Study on Economic Growth across 11 CEE Countries

Larissa M. Batrancea ()
Additional contact information
Larissa M. Batrancea: Department of Business, Babeş-Bolyai University, 400174 Cluj-Napoca, Romania

Sustainability, 2023, vol. 15, issue 22, 1-14

Abstract: Economic growth is an important metric for the sustainable development of any region or country. Central and Eastern Europe members of the European Union are important players of the single market, which implements regional policies to mitigate socio-economic differences between its newer and established members. The present study examines the factors that shape the phenomenon of economic growth across 62 NUTS 2 regions from 11 countries in Central and Eastern Europe during the period 2011–2020. The study investigates determinants related to education level, involvement of young people in the labor market, household net income, high-speed internet facilities and overall hours spent at work during a year. Three panel data models estimated with first-differenced generalized method of moments showed that regional economic growth was significantly influenced mainly by income, the rate of young employees and educational attainment level. Relevant insights and policy implications for regions in CEE countries are addressed.

Keywords: economic growth; Central and Eastern Europe countries; GDP; gross value added; gross fixed capital formation; hours worked; net household income; young employees; educational attainment level (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.mdpi.com/2071-1050/15/22/15996/pdf (application/pdf)
https://www.mdpi.com/2071-1050/15/22/15996/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:15:y:2023:i:22:p:15996-:d:1281308

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().