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A Generalized Model of Regional Economic Growth in the European Union

Author

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  • Petrakos, George

    (University of Thessaly, School of Engineering, Department of Planning and Regional Development)

  • Dimitris, Kallioras

    (University of Thessaly, School of Engineering, Department of Planning and Regional Development)

  • Ageliki, Anagnostou

    (University of Thessaly, School of Engineering, Department of Planning and Regional Development)

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.

Suggested Citation

  • Petrakos, George & Dimitris, Kallioras & Ageliki, Anagnostou, 2007. "A Generalized Model of Regional Economic Growth in the European Union," Papers DYNREG12, Economic and Social Research Institute (ESRI).
    • Handle: RePEc:esr:wpaper:dynreg12
    Note: DYNREG Research Project – Dynamic Regions in a Knowledge-Driven Global Economy: Lessons and Policy Implications for the European Union
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    Cited by:

    1. Wolfgang Polasek & Richard Sellner, 2013. "The Does Globalization Affect Regional Growth? Evidence for NUTS-2 Regions in EU-27," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 1, pages 23-65, March.
    2. Saša Obradoviæ & Nemanja Lojanica & Olivera Jankoviæ, 2016. "The influence of economic growth on regional disparities: Empirical evidence from OECD countries," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 34(1), pages 161-186.
    3. Dimitris Kallioras & George Petrakos & Maria Tsiapa & Lefteris Topaloglou, 2011. "The Determinants of Growth in EU Border Regions," ERSA conference papers ersa10p702, European Regional Science Association.
    4. Marcella Drummond & Felix Mora-Camino & Luis Gustavo Cruz & Amaranto Pereira, 2011. "A Bi-Level Scheme For Assessing The Impact Of Air Transportation On Local Development," ERSA conference papers ersa11p891, European Regional Science Association.
    5. Silvia Vignetti & Emanuela Sirtori, 2010. "Infrastructure investment opportunities in the New EU Member States: the role of regional policies," Working Papers 201003, CSIL Centre for Industrial Studies.

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    More about this item

    Keywords

    DYNREG; regional economic growth; EU regions;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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