EPUB
|
WORKING PAPERS
|
DISSERTATIONEN
|
HILFE
|
|
|
Sie wollen einen permanenten Link direkt zu diesem Dokument,
um ihn z.B. auf Ihrer Webseite zu platzieren?
Benutzen Sie: http://epub.wu-wien.ac.at/dyn/openURL?id=oai:epub.wu-wien.ac.at:epub-wu-01_271
Since 1975, the extent of catching-up has been very different across Southern regions. Starting from the common arguments of growth theory, the paper wishes to show whether differences in regional income and growth can be attributed to different endowment in human capital, differences in private or public investment level, to structural imbalances, and labour force participation. The investigated panel consists of regional time series for the period 1975 to 1994 and includes NUTS II level regions of Greece, Spain, and the Italian South. Estimation of the impact of the variables on regional income is effected in a dynamic panel data model applying a GMM estimation procedure. The results indicate that the income level of Southern EU regions is largely determined by employment/educational levels and past public investment, while the impact of private investment is not significant. One may follow that EU regional policies should predominately focus on the human factor. Assistance to member countries to upgrade public infra-structures may be continued, but private investment incentives should be curbed. (author's abstract)
Regionalentwicklung / Wirtschaftswachstum / Griechenland / Portugal / Irland / Italien / Spanien / growth / growth factors / panel data estimation / European Union
JEL: O40 / O15 / O16 / O52 / C5
© 2009 Universitätsbibliothek, WU | Technologie und Infrastruktur: Inst. f. Informationswirtschaft | Erstellt für Sie am: 2.9.2010 |
