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Quantitative Assessment of the Dynamics of Changes in the GDP Per Capita Index in the Regions of Bulgaria and Slovakia

References/Literatura: 1. Lewandowski, K. (2011). Ocena polityki regionalnej Unii Europejskiej w świetle badań empirycznych. Gospodarka w teorii i praktyce, 2 (29), 53-64. 2. Łaźniewska, E., Górecki, T., Chmielewski, R. (2011). Konwergencja regionalna . Poznań: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu. 3. Puga, D. (2001). European Regional Policies in Light of Recent Location Theories. CEPR Discussion Paper Series , 2767, 14-15. 4. Surówka, A., Prędka, P. (2016). PKB per capita jako wyznacznik rozwoju ekonomicznego regionów

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Models With Varying Parameters as A Tool to Classify Polish Voivodships in 2002-2008

Models With Varying Parameters as A Tool to Classify Polish Voivodships in 2002-2008

One of the often used measures of economic development is gross domestic product per capita. In Poland the Main Statistical Office collects the data on this variable on several levels of aggregation. The paper shows the application of panel data models in order to classify Polish voivodships according to the level of economic development. As explained variable the regional GDP per capita was used and such variables as structure of employees, unemployment rate or retail sales per capita were the explaining variables. As a result the groups of voivodships with similar pattern of economic development were distinguished.

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Exploring Economic Growth and Environment Nexus in Nine Southeastern European Countries

policy , 37 (1), 246-253. doi: 10.1016/j.enpol.2008.08.025 unctadstat.unctad.org. (2017). US Dollars at constant prices (2005) per capita . [online] Available at: http://unctadstat.unctad.org/ [Accessed 6 Sep. 2017]. unfccc.int. (2018). The Paris Agreement - main page . [online] Available at: http://unfccc.int/paris_agreement/items/9485.php [Accessed 8 June 2018].

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Growth Effects of Cross-border Mergers and Acquisitions in European Transition Countries

Abstract

This paper deals with the economic effect of cross-border mergers and acquisitions on GDP per capita in European transition countries for the 2000- 2014 period. Our analysis shows that cross-border mergers and acquisitions have a negative effect on GDP per capita in the current period, whereas their lagged level positively impacts output performance. We found that transition countries characterized by a higher quality of institutional setting have achieved a positive impact on GDP per capita.

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The Importance Of Human Capital For The Economic Development Of EU Regions

Abstract

The EU designs its cohesion policy with the primary purpose of reducing disparities in regional development. The success of the policy is largely determined by the identification of factors that contribute to such disparities. One of the key determinants of economic success is human capital. This article examines the relationship between the quality of human capital and economic development of EU’s regions. Using spatial analysis methods, the spatial dependencies between the growth of human capital and GDP per capita are investigated.

According to the research results, the highest levels of human capital are typical of the most affluent regions in Western Europe, while its lowest levels are found in the poorest countries that became EU members only recently and in countries in southern Europe, including Greece. The spatial correlation measures confirm that spatial relationships have effect on the regional resources of human capital, showing that regions rich in human capital border on regions that are similar to them in that respect. The results of the spatial growth regression indicate that the amount of human capital in the region has a significant and positive effect on its GDP per capita.

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Economic Growth and Environmental Quality in the European Union Countries – Is there Evidence for the Environmental Kuznets Curve?

., Krueger, A. B. (1991), Environmental impacts of a North American free trade agreement, Working Paper, 3914, National Bureau of Economic Research. Grossman, G. M., Krueger, A. B. (1993), Environmental impacts of the North American free trade agreement, in Peter Garber (ed.), The U. S.‑Mexico Free Trade Agreement, MIT Press, Cambridge. Hannesson, R. (2009), Energy and GDP growth, International Journal of Energy Sector Management, 3 (2), pp. 157-170. Hausman, J. A. (1978), Specification tests in econometrics, Econometrica, 46

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Convergence in GDP per capita across the EU regions— spatial effects

Abstract

The aim of this paper is to offer an empirical insight into the spatial effects of growth of regional income and disparities across EU regions (NUTS 2). Since regions are spatial units and there are interrelated standard linear regression is not sufficient to evidence the convergence process. Two models (Spatial Lag Model – SLM and Spatial Error model – SEM), derived from spatial econometrics, have been used to identify and explain spatial effects in convergence clubs—all EU countries (EU-28), countries that entered the EU in 2004 (EU-13) and countries that were in EU prior to 2004 (EU-15). Unconditional and conditional β-convergence has been examined in the period 2000-2015 thus covering two financial perspectives (including n + 2 rule3). Dummy variables have been also applied to catch the country-specific effects, such as national policies, legislation, technology progress, etc.

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Price Convergence in the Regional Housing Markets in Poland

6. References B arro R., S ala - i -M artin X., 1990, Economic Growth and Convergence across the United States , National Bureau of Economic Research, Working Paper No 3419. B oyle G., M c C arthy T., 1999, Simple measures of convergence in per capita GDP: A note on some further international evidence , Applied Economic Letters No 6, pp. 343-347. B reuer J.B., M cnown R., W allace M., 2002, Series-specific Unit Root Tests with Panel Data , Oxford Bulletin of Economics and Statistics 64 (5), pp. 527-46, https://doi.org/10

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European Smes and Economic Growth: A Firm Size Class Analysis

Abstract

This paper explores the role of micro, small and medium size enterprises in the growth of per capita gross domestic product at European Union level between 2005 and 2010. Using a panel of data from 25 Member States the results show a positive connection between the prevalence of SME in terms of created value added and GDP per capita growth. When investigating the aforementioned relationship at enterprise size class level the results differ considerably. While microenterprises prevalence in terms of created value added does not appear to cause more growth in per capita income at EU level, small and medium sized enterprises are some of the main drivers of the annual per capita GDP growth.

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The Impact of Government Expenditures upon Economic Growth in Post-Communist Countries

Abstract

This paper examines the relationship between the structure and share of government expenditure into Gross Domestic Product (GDP) and the real GDP per capita. Our study uses a micro panel data for a sample made of ten countries from Central and East European, for the period 2002-2012. The empirical results of the linear regression show that the GDP/capita is positively correlated with public order and safety expenditures as well as with economic actions, while national defense and general public services are negatively correlated. The results obtained largely correspond with the ones reached by other researchers approaching the topic of the relationship between economic growth and composition of the government expenditures. The health and education expenses, though instrumental for the long-term development of any society, did not show any significant impact upon the evolution of the GDP/capita, probably as a result of the short-term available data.

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