Investment and Growth

Tondl, Gabriele

doi:10.1007/978-3-7091-6219-4_5

Cited by 1 publication

(1 citation statement)

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“…In direct connection with regional studies and regional policy of the European Union (EU), a new stream of research has emerged by considering the determinants of economic growth across development regions of the EU [ 33 – 37 ]. Regional policy-wise, some of the relevant determinants of economic growth across the EU are entrepreneurial culture [ 38 ], human capital [ 39 , 40 ], social capital [ 41 ], regional convergence [ 42 ] or waste generation [ 43 ]. Still, in our view, empirical studies on development regions in the European Union are rather scarce and the literature would benefit a great deal from similar investigations, considering the structural changes that the Union has witnessed in the last two decades.…”

Section: Introductionmentioning

confidence: 99%

Empirical investigation on how wellbeing-related infrastructure shapes economic growth: Evidence from the European Union regions

et al. 2023

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One of the most important policies of the European Union is regional development, which comprises measures of enhancing economic growth and citizens’ living standards via strategic investment. Considering that economic growth and wellbeing are intertwined from the perspective of EU policies, this study examines the relationship between wellbeing-related infrastructure and economic growth in 212 NUTS 2 regional subdivisions across the members of Eu-28 during the period 2001–2020. We therefore analyzed data from 151 Western Europe regions and 61 Central and Eastern Europe regions by means of a panel data analysis with the first-difference generalized method of moments estimator. Our main interest was to determine the degree to which Western Europe regions responded to predictors as compared to Central and Eastern Europe regions. According to the empirical results, the predictors with the strongest influence for Western Europe regions were disposable household income, inter-regional mobility, housing indicator, labor force and participation. For Central and Eastern Europe regions, the largest impact was triggered by the housing indicator, internet broadband access and air pollution. In addition, we determined a relational weighted multiplex between all variables of interest by using dynamic time warping and we introduced topological measures in a multilayer multiplex model for both regional subsamples.

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