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The determinants of economic growth in European regions

Crespo Cuaresma, Jesus and Doppelhofer, Gernot and Feldkircher, Martin (2014) The determinants of economic growth in European regions. Regional Studies, 48 (1). pp. 44-67. ISSN 1360-0591

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This paper uses Bayesian Model Averaging (BMA) to find robust determinants of economic growth in a new dataset of 255 European regions between 1995 and 2005. The paper finds that income convergence between countries is dominated by the catching-up of regions in new member states in Central and Eastern Europe (CEE), whereas convergence within countries is driven by regions in old EU member states. Regions containing capital cities are growing faster, particularly in CEE countries, as do regions with a large share of workers with higher education. The results are robust to allowing for spatial spillovers among European regions.

Item Type: Article
Additional Information: To see the final version of this paper please visit the publisher's website. Access to the published versionrequires a subscription.
Keywords: Bayesian Model Averaging (BMA) / Spatial Autoregressive (SAR) model / determinants of economic growth / European regions
Classification Codes: JEL C11, C21, O52, R11
Divisions: Departments > Volkswirtschaft > Makroökonomie
Version of the Document: Draft
Variance from Published Version: Minor
Depositing User: ePub Administrator
Date Deposited: 11 Dec 2012 09:59
Last Modified: 07 Apr 2017 19:59
Related URLs:
FIDES Link: https://bach.wu.ac.at/d/research/results/58136/
URI: http://epub.wu.ac.at/id/eprint/3715


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