Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/235796 
Year of Publication: 
2018
Citation: 
[Journal:] REGION [ISSN:] 2409-5370 [Volume:] 5 [Issue:] 3 [Publisher:] European Regional Science Association (ERSA) [Place:] Louvain-la-Neuve [Year:] 2018 [Pages:] 75-96
Publisher: 
European Regional Science Association (ERSA), Louvain-la-Neuve
Abstract: 
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.
Subjects: 
Spatial Durbin Models
spatial spillovers
economic performance
JEL: 
O17
O31
O18
R12
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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