Regional GDP – Investment Nexus: Empirical Analysis through Classical Production Function

Iva Raycheva and Venelin Boshnakov

Nauchni trudove, 2018, issue 2, 143-156

Abstract: The paper presents selected results from empirical analysis of the interrelation between the regional levels of investment and GDP. Classical models of production functions are estimated after their double-log transformation into linear regression equations. Annual data for the years 2000-2015 measured at NUTS-3 regional level is utilized in respect of the district employment, GDP, and the regional investment measured by the expenditures on fixed assets acquisition.

Keywords: production function; investments; regional development; Bulgaria (search for similar items in EconPapers)
JEL-codes: C23 R11 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2018:i:2:p:143-156

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