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Internationalization in the Baltic Regional Accounts: A NUTS 3 Region Dataset

Author

Listed:
  • Rasmus Bøgh Holmen

    (Institute of Transport Economics, Gaustadalleen 21, 0349 Oslo, Norway)

  • Nicolas Gavoille

    (Department of Economics, Stockholm School of Economics in Riga, Baltic International Centre for Economic Policy Studies, Strelnieku iela 4a, 1010 Riga, Latvia)

  • Jaan Masso

    (School of Economics and Business Administration, University of Tartu, Narva mnt. 18, 51009 Tartu, Estonia)

  • Arūnas Burinskas

    (Business Law Department, Faculty of Law, Vilnius University, Saulėtekio al. 9—I rūmai, 10222 Vilnius, Lithuania)

Abstract

Features of internationalization, such as trade, foreign direct investments, and international migration, are crucial for understanding the economic developments of small and open economies. However, studying internationalization at the country level may obscure significant heterogeneity in its relationship with economic growth and other economic and social outcomes. Regional accounts provide insights into the geography of internationalization, but collections of such disaggregated statistics are rarely provided by statistical bureaus. The purpose of this paper is twofold. First, we demonstrate how regional account data, including internationalization indicators, can be constructed to obtain consistent and homogeneous regional-level series using a combination of micro and macro data sources. Second, our aim is to foster spatial research on internationalization and the spatial economy in the Baltics by providing comprehensive data collection of socio-economic variables at the NUTS 3 regional level over time. This collection encompasses trade, FDI, and migration, enabling the study of internationalization and other features of the Baltic economy. We present a series of key features, revealing noticeable correlation patterns between regional development and internationalization.

Suggested Citation

  • Rasmus Bøgh Holmen & Nicolas Gavoille & Jaan Masso & Arūnas Burinskas, 2023. "Internationalization in the Baltic Regional Accounts: A NUTS 3 Region Dataset," Data, MDPI, vol. 8(12), pages 1-32, November.
    • Handle: RePEc:gam:jdataj:v:8:y:2023:i:12:p:181-:d:1291939
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    References listed on IDEAS

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