Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154303
Authors: 
Özyurt, Selin
Dées, Stéphane
Year of Publication: 
2015
Series/Report no.: 
ECB Working Paper 1870
Abstract: 
This paper investigates the main determinants of economic performance in the EU from a regional perspective, covering 253 regions over the period 2001-2008. In addition to the traditional determinants of economic performance, measured by GDP per capita, the analysis accounts for spatial effects related to externalities from neighbouring regions. The spatial Durbin random-effect panel specification captures spatial feedback effects from the neighbours through spatially lagged dependent and independent variables. Social-economic environment and traditional determinants of GDP per capita (distance from innovation frontier, physical and human capital and innovation) are found to be significant. Overall, our findings confirm the significance of spatial spillovers, as business investment and human capital of neighbouring regions have a positive impact –both direct and indirect –on economic performance of a given region.
Subjects: 
economic performance
Spatial Durbin Models
spatial spillovers
JEL: 
O17
O31
O18
R12
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-1683-7
Document Type: 
Working Paper

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