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A Generalized Model of Regional Economic Growth in the European Union

George Petrakos, Dimitris Kallioras () and Anagnostou Ageliki ()
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Anagnostou Ageliki: University of Thessaly, School of Engineering, Department of Planning and Regional Development

No DYNREG12, Papers from Economic and Social Research Institute (ESRI)

Abstract: Understanding the forces driving regional growth in the EU is a major challenge for theory and policy. The opening of national borders, together with the rapid technological and scientific progress, has exposed regional economies to an extremely competitive, free-market, integrated economic environment, affecting their patterns of development. EU regions should, thus, be understood not only as national, geographic and administrative sub-divisions, but also as integral parts of the EU economic space. The paper develops a generalized econometric model for the investigation of the determinants of regional economic growth in 249 EU NUTS II regions, for the period 1990-2003. The model provides critical insight with important implications for theory and policy.

Keywords: DYNREG; regional economic growth; EU regions (search for similar items in EconPapers)
JEL-codes: R10 R11 R15 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2007
Note: DYNREG Research Project – Dynamic Regions in a Knowledge-Driven Global Economy: Lessons and Policy Implications for the European Union
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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