scholarly journals Structural Funds and Regional Economic Growth: the Greek experience

2021 ◽  
Vol 13 (3) ◽  
Author(s):  
Adamantia Kehagia ◽  
Foteini Kyriazi
Keyword(s):  
Economic Growth ◽  
Structural Changes ◽  
Regional Economic Growth ◽  
The European Union ◽  
Economic Cycle ◽  
Regional Economic ◽  
Structural Funds ◽  
Greek Economy ◽  
Eu Structural Funds ◽  
The Impact

The impact of structural funds of the European Union (EU) on regional economic growth is a matter of both political and economic importance. The large and regular payments made across the EU to countries and regions within them were and are meant to promote various aspects of growth and development and to encourage structural changes that foster investments and economic reforms. But how much of these aims have they been achieved? In this paper we provide considerable empirical evidence that Greek regions have, for the most part, benefited by the various disbursements of EU structural funds. We shed partial light on where this funding went to and to how it potentially contributed to Greek growth but we also raise a number of questions about the viability of the current productive structure of the Greek economy and its over-reliance on tourism. Our results provide support on the efficacy of the payments but leave open the problem of where these payments should be allocated, the monitoring of their absorption and the end impact in the economic cycle within a country.

Assessing the Impact of the Factors in the Digital Transformation on the Regional Economic Growth

REGIONOLOGY ◽  
2021 ◽  
Vol 29 (3) ◽  
pp. 486-510
Author(s):  
Tatyana V. Mirolyubova ◽  
Marina V. Radionova
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Fixed Effects ◽  
Digital Transformation ◽  
Regional Economic Growth ◽  
Regional Economic ◽  
The Russian Federation ◽  
Regional Product ◽  
The Impact ◽  
Regions Of Russia

Introduction. The scientific problem under consideration is of particular relevance due to the need to assess the impact of the factors in the digital transformation of the regional economy and in the economic growth on the economic development of the regions of the Russian Federation. Based on the research conducted, the article presents an econometric assessment of the dependence of the level of the gross regional product per capita in the regions of Russia on such factors as digital labor and digital capital. Materials and Methods. The authors analyzed panel data from the Federal State Statistics Service covering 87 regions of Russia for the period from 2010 to 2018. The research methodology is based on the use of the Cobb–Douglas production function, statistical and correlation data analysis, as well as on econometric methods for studying panel data. Results. To analyze the impact of the digital transformation of the economy on the regional economic growth of the regions of Russia, various models based on panel data have been considered, such as the pooled model, fixed effects models, random effects models, as well as time-varying effects models using dummy variables. Based on statistical criteria, the best model has been chosen and conclusions have been drawn about the nature of the impact of the digital transformation indicators on the gross regional product per capita in the regions of Russia. Discussion and Conclusion. The results of econometric modeling have demonstrated that digital factors in economic growth (digital labor, digital capital), along with common factors in economic growth (labor and capital), affect the regional economic growth. According to the regional data for the period from 2010 to 2018, the time fixed effects model has proved to be the best model of the impact of the factors in economic growth and digital transformation on the economic development of the regions of the Russian Federation. The research results can be used when developing a public policy aimed at stimulating the digital transformation of the regional economy.

scholarly journals Financing of Smart Growth in Less Developed Regions on the Example of Poland

e-Finanse ◽  
2018 ◽  
Vol 14 (3) ◽  
pp. 8-20 ◽  
Author(s):  
Dorota Murzyn
Keyword(s):  
Smart Growth ◽  
Regional Level ◽  
The European Union ◽  
Public Intervention ◽  
Structural Funds ◽  
Factors Influencing ◽  
Development Processes ◽  
Eu Structural Funds ◽  
Research Questions ◽  
The Impact

AbstractThe aim of this paper is twofold. First, the smart growth concept is examined with a focus on challenges associated with applying this concept in the less developed regions. Second, the impact of EU structural funds on smart growth in Poland is analyzed at the regional level with a view to contributing to the debate on public intervention in this area. The research questions are as follows: “Is the concept of smart growth, as postulated by the European Union, well suited to the less developed regions?” and “Whether and to what extent do EU funds contribute to achieving smart growth in Poland?”Smart growth has accelerated after 2007, which could suggest a significant impact of EU structural funds, whose allocation to measures supporting innovative activity rose markedly after 2007. However, among the various factors influencing regional development processes, the impact of structural funds was not as strong as might be expected, which was confirmed by further analysis.

scholarly journals Agricultural R&D, spatial spillover and regional economic growth in different R&D sectors of performance: evidence from a spatial panel in regions of the EU-28

2018 ◽  
Vol 64 (No. 4) ◽  
pp. 163-169 ◽  
Author(s):  
Anousheh Shahrzad ◽  
Hojabr-Kiani Kambiz ◽  
Mojtahed Ahmad ◽  
Ranjbar Homayoun
Keyword(s):  
Economic Growth ◽  
Agricultural Sector ◽  
Regional Growth ◽  
Regional Economic Growth ◽  
Business Enterprise ◽  
Regional Economic ◽  
Spatial Spillover ◽  
Spatial Panel ◽  
Economic Output ◽  
The Impact

Agricultural R&D has been identified as an important determinant of economic output in the agricultural sector. Surprisingly, in previous studies, spatial spillover associated with R&D spending in the agricultural sector has not been taken into account. This paper investigates the effects of spatial spillover of agricultural R&D on regional economic growth across EU-28 NUTS-II regions in the period 1995–2014. In particular, we extend previous studies by considering spillover in all sectors of agricultural R&D performance including business enterprise, government and higher education. The spatial Durbin panel data model is employed to estimate brooders effect including direct and indirect effects. Empirical results show a positive effect of agricultural R&D and its spatial spillover on regional growth in all performance sectors. Moreover, the impact of spatial spillover of agricultural R&D on regional growth depends on the performance of the R&D sectors; positive spillovers are stronger in the business enterprise sector. Finally, the interaction effect between the economic output of the agricultural sector of each region with that of its neighbours is significantly positive.  

scholarly journals Has “The Belt and Road” initiative promoted regional economic growth and economic innovation?

2021 ◽  
Vol 275 ◽  
pp. 03020
Author(s):  
Ruolin Guo ◽  
Hongkai Zhao ◽  
Yingchu Zhang
Keyword(s):  
Economic Growth ◽  
Regional Economic Growth ◽  
Belt And Road Initiative ◽  
Difference In Differences ◽  
Regional Economic ◽  
Belt And Road ◽  
Economic Innovation ◽  
Good Policy ◽  
The Impact ◽  
The Belt And Road

The article regards “The Belt and Road” initiative as a quasi-natural experiment. Based on the county panel data from 1999 to 2017, difference-in-differences model (DID) is used to examine the impact of the “The Belt and Road” initiative on regional economic growth and economic innovation. The study found that the “The Belt and Road” initiative can significantly increase the economic growth and innovation of the region. Through the placebo test and the robustness test, it shows good policy uniqueness characteristics. The article further analyzes the heterogeneity of the initiative. The study found that the initiative has more obvious economic growth and innovation in the central region.

scholarly journals The Management of Urban Development for the Regional Economic Growth: the Example of Kazakhstan

2020 ◽  
Vol 16 ◽  
pp. 1285-1301
Author(s):  
Svetlana O. Mukhametzhan ◽  
Gulsara A. Junusbekova ◽  
Marat Ye. Daueshov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Urban Development ◽  
Urban Policy ◽  
Holistic Approach ◽  
Regional Economic Growth ◽  
Urban Management ◽  
Regional Economic ◽  
Empirical Estimates ◽  
The Impact

Considering the increasing imbalance in the economic development of urbanised territories of Kazakhstan, examining the impact of urbanisation on the economic growth of cities to ensure their innovative development is necessary. This study analyses trends and problems of the impact of urbanisation on urban development on the example of Kazakhstan. The article focuses on urban development and related processes that will open new opportunities for Kazakhstan to accelerate economic growth and improve living standards. The works of local researchers do not show the relationship between the levels of urban and economic development in different regions of the country and the impact of urbanisation on this process. To supplement previous studies, we used statistical and comparative analysis methods. Moreover, we compared the current state of urban development in Kazakhstan with the situation in other countries. The obtained empirical estimates confirm the correlation between the level of urbanisation of a country and its economic growth. Without a holistic approach to urban management, it is difficult to establish the directions, principles and development strategies for Kazakhstan’s cities and megacities to follow. Thus, we identified the main directions for economic growth of urbanised territories of Kazakhstan: proper control and management of urbanisation, flexible management, development of appropriate policies for different regions of the country, use of best practices in developing urban strategies. We recommend considering the analysis of urban management in the broader context, and not only as a task of implementing regional economic growth. For that purpose, it is necessary to create an integrated multi-level management system that provides feedback and preventive management, classifying the consequences of urban policy in the regions and the effects of achieving the country’s strategic development goals. Therefore, the Kazakh government should at least review its functions and responsibilities and look for solutions to achieve a tangible synergistic effect.

scholarly journals PERTUMBUHAN EKONOMI REGIONAL DI INDONESIA: PERAN INFRASTRUKTUR, MODAL MANUSIA DAN KETERBUKAAN PERDAGANGAN

2020 ◽  
pp. 80
Author(s):  
Andi Kustanto
Keyword(s):  
Economic Growth ◽  
Life Expectancy ◽  
Trade Openness ◽  
Regional Economic Growth ◽  
Regional Economic ◽  
Road Infrastructure ◽  
Health Infrastructure ◽  
The Impact ◽  
Electricity Infrastructure ◽  
Years Of Schooling

This study discusses the analysis of the impact of infrastructure development,human capital and trade openness on regional economic growth in Indonesia using the paneldata method. The model was built based on the Solow growth model using road infrastructure,electricity infrastructure, health infrastructure, life expectancy, mean years of schooling and tradeopenness in 34 provinces in Indonesia. Estimation results obtained from this study using the fixedeffects model indicate that regional economic growth in Indonesia is influenced by electricityinfrastructure, health infrastructure, mean years of schooling, life expectancy, and trade openness.Whereas road infrastructure has a negative and not significant effect on regional economic growthin Indonesia. Life expectancy has the biggest impact on regional economic growth followed bymean years of schooling, health infrastructure, electricity infrastructure, and trade openness.

scholarly journals Vertical Fiscal Imbalance and Regional Economic Growth

2020 ◽  
Vol 12 (6) ◽  
pp. 39-53
Author(s):  
B.I. Alekhin ◽  
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Fiscal Federalism ◽  
Fiscal Decentralization ◽  
Regional Economic Growth ◽  
Regional Economic ◽  
Fiscal Imbalance ◽  
Vertical Fiscal Imbalance ◽  
The Impact

This study examines the impact of fiscal decentralization on regional economic growth using panel data for 82 subjects of the Russian Federation for the period 2005-2018. General theoretical framework was drawn from the second-generation theory of fiscal federalism, and panel data econometrics suggested the appropriate empirical model and estimation method. The pooled mean group method was used to estimate an autoregressive distributed lags model based on Solow-Swan theory of economic growth. The results indicate that vertical fiscal gap has a negative and significant long-term impact on regional economic growth while vertical fiscal imbalance has a positive and significant long-term effect. The study is consistent with the modern theory of fiscal federalism, W.E. Oates’ matching hypothesis and previous empirical work using Russian data. The study also found evidence of conditional convergence of regional economies.

scholarly journals Regional Economic Growth in Malaysia: Does Aggregate Overqualification Matter?

2019 ◽  
Vol 10 (5) ◽  
pp. 139
Author(s):  
Zainizam Zakariya ◽  
Kristinn Hermanssons ◽  
Kho Yin Yin ◽  
Noor Fazlin Mohamed Noor
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Dynamic Panel Data ◽  
Bachelor's Degree ◽  
Regional Economic Growth ◽  
Kuala Lumpur ◽  
Regional Economic ◽  
Job Level ◽  
Highly Educated ◽  
The Impact

This paper explores the impact of aggregate overqualification on regional economic growth in Malaysia from 2005 to 2017 using Dynamic Panel Data (DPD) approach. The aggregate overqualification was gauged as the percentage of workers with at least a bachelor’s degree qualification who employed in an occupation below than the professional job level. Following the method, while the incidence stood at 1 percent, it was however higher in Kuala Lumpur (4.4 percent) and Selangor (3.9 percent) and was much lower in Perak (-0.26 percent) and Perlis (-0.12 percent). Moreover, the incidence was higher after 2010. Empirical findings revealed strong evidence of negative impact of the aggregate overqualification on regional economic growth. Yet, the magnitudes of the effect were smaller, between 0.02 and 0.03. Further analysis revealed the negative impact was greater in most developed states and for the period after 2010. The findings depict that there is a growth penalty for not being fully utilised the knowledge and skills of highly educated workers at the regional labour market.

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