Artikel

Regional dynamics of economic performance in the EU: To what extent do spatial spillovers matter?

This paper investigates the main determinants of economic perfor-mance in the EU from a regional perspective, covering 253 regions overthe period 2001-2008. In addition to the traditional determinants of eco-nomic performance, measured by GDP per capita, the analysis accountsfor spatial effects related to externalities from neighbouring regions. Thespatial Durbin random-effect panel specication captures spatial feedback-effects from the neighbours through spatially lagged dependent and inde-pendent variables. Social-economic environment and traditional determi-nants of GDP per capita (distance from innovation frontier, physical andhuman capital and innovation) are found to be signicant. Overall, ourndings conrm the signicance of spatial spillovers, as business invest-ment and human capital of neighbouring regions have a positive impactboth direct and indirect on economic performance of a given region.

Language: Englisch

Bibliographic citation: Journal: REGION ; ISSN: 2409-5370 ; Volume: 5 ; Year: 2018 ; Issue: 3 ; Pages: 75-96 ; Louvain-la-Neuve: European Regional Science Association (ERSA)

Classification: Wirtschaft
Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
Innovation and Invention: Processes and Incentives
Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
Size and Spatial Distributions of Regional Economic Activity

Subject: Spatial Durbin Models
spatial spillovers
economic performance

Event: Geistige Schöpfung

(who): Ozyurt, Selin
Dées, Stéphane

Event: Veröffentlichung

(who): European Regional Science Association (ERSA)

(where): Louvain-la-Neuve

(when): 2018

DOI: doi:10.18335/region.v5i3.155

Handle: http://hdl.handle.net/10419/235796

Last update: 10.03.2025, 11:43 AM CET

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Artikel

Associated

Ozyurt, Selin
Dées, Stéphane
European Regional Science Association (ERSA)

Time of origin

2018

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Regional dynamics of economic performance in the EU: To what extent spatial spillovers matter?

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Regional dynamics of economic performance in the EU: To what extent spatial spillovers matter?

Journal article | Zeitschriftenartikel