A Probabilistic Model for the Distribution of GDP per Capita in NUTS 3 Zones of Europe

2022 ◽  
Vol 40 (1) ◽  
Author(s):  
José Rodriguez-Avi
Keyword(s):  
Probabilistic Model ◽  
Great Variability ◽  
Finite Mixture ◽  
Gdp Per Capita ◽  
The European Union ◽  
Normal Distributions ◽  
Per Capita ◽  
Mixtures Of Normal Distributions ◽  
Areas Of Interest ◽  
Macroeconomic Indicator

A macroeconomic indicator of productivity and economic development, used to obtain information on the economic and social conditions of a country, is the GDP per capita, which is also used as an indicator of social welfare. By construction it can be used directly to compare areas of interest. It is an indicator of great variability to which it is difficult to assign a probabilistic model to describe its distribution. In fact, it usually appears as a strongly asymmetric and frequently multimodal variable, which directly indicates a strong non-normality. In this work we propose to deal with the problem of finding a probabilistic model for this variable through the estimation of a model of finite mixtures of normal distributions. As an application example, we present the model obtained through the finite mixture for GDP per capita data from the NUTS 3 zones in the nomenclature of the European Union, EU countries and neighbouring countries. Thus, the model is estimated, its validity is checked and the results obtained are analysed, both for the GDP per capita variable and as a function of the countries to which the studied areas belong.

scholarly journals THE CONTRIBUTION OF MIGRATION TO ECONOMIC GROWTH: THE EXAMPLE OF THE CITY OF ZAGREB

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Vinko Miličević ◽  
Danijel Knežević ◽  
Zoran Bubaš
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Economic Activity ◽  
Economic Benefits ◽  
Gdp Per Capita ◽  
The European Union ◽  
Per Capita ◽  
The Republic ◽  
The Impact ◽  
The City

The problems in this paper belong to the field of migration and economy. The connection between migration and the economy has been proven on a global level, and as far as the Republic of Croatia is concerned, it is especially important to observe it through the City of Zagreb, which is the most important migration and economic center in the Republic of Croatia. Also, the accession of the Republic of Croatia to the European Union emphasized the observation and research of this connection because it created the preconditions for freer movement and employment of the population of the Republic of Croatia and the City of Zagreb within the European Union. The aim of this paper is to determine the contribution of migration to the economic growth of the City of Zagreb. The hypothesis presented in the paper is that there is a significant contribution of migration to the economic growth of the City of Zagreb. The disposition of the paper consists of six parts. The introduction explains the relevance of the topic, states the aim of the paper and hypotheses, explains the empirical part, the contribution of the paper and the disposition. The second part of the paper refers to the theoretical framework of the impact of migration on economic growth. The third part of the paper presents the migration processes of the City of Zagreb in the period from 2011 to 2018. The fourth part deals with economic activity in the City of Zagreb in the period from 2011 to 2017. The observed indicators of economic activity in the City of Zagreb are GDP and GDP per capita, and the graph in this part of the paper shows that GDP and GDP per capita in the observed period are higher at the end of the period than at the beginning. The fifth part of the paper refers to the empirical research of the contribution of migration to the economic growth of the City of Zagreb. The empirical part of the paper is based on correlations and regression analyses. This paper proves the hypothesis because the results indicate a significant impact of the variables of total and external migration on the GDP of the City of Zagreb and GDP per capita of the City of Zagreb. Decision-makers in the City of Zagreb can use the results of the research as a basis for maximizing the economic benefits they can get from migration. The conclusion provides an overview of the aim of the work, the results of the research, the limitations, the implications and the recommendations for future research.

The effects of the economic crisis on income convergence in the European Union

2012 ◽  
Vol 62 (2) ◽  
pp. 161-182 ◽  
Author(s):  
Nenad Stanišić
Keyword(s):  
European Union ◽  
Economic Crisis ◽  
Purchasing Power Parity ◽  
Gdp Per Capita ◽  
The European Union ◽  
Income Convergence ◽  
Power Parity ◽  
Trade Theory ◽  
Per Capita

This paper evaluates income convergence in the European Union, between “old” (EU15) and “new” member states from Central and East Europe (CEE10), and among the countries within these two groups. The GDP per capita convergence should be expected according to the exogenous economic growth model and neoclassical trade theory. The presence of σ-convergence and both absolute and conditional β-convergence is tested for on a sample of 25 European Union countries (EU25). Results confirm the existence of β-convergence of GDP per capita at purchasing power parity among EU25, but not among EU15 and CEE10 countries. σ-convergence has been confirmed among EU25 and CEE10 countries, while GDP per capita has been diverging in the EU15 group of countries. Moreover, the results reveal that recent economic crisis has reversed long-term tendencies and led to income convergence within EU15 and divergence within CEE10. During the crisis, the income differences among the EU25 countries have increased, but the scope and duration of this effect has been limited and has not affected the long term convergence path. However, the obtained long term speed of convergence is significantly lower compared with the previous researches.

scholarly journals The Role of Cohesion Policy in the Development of Romania

2019 ◽  
Vol 14 (3) ◽  
pp. 97-107
Author(s):  
Lucian Paul
Keyword(s):  
Climate Change ◽  
Youth Unemployment ◽  
Time Frame ◽  
Gdp Per Capita ◽  
The European Union ◽  
Cohesion Policy ◽  
Cohesion Fund ◽  
Financial Framework ◽  
Per Capita ◽  
Future Policy

AbstractCohesion is a common European value. The E.U.’s cohesion policy is and will remain an essential financing instrument for various multiannual development programs, for both member states and regions. This policy contributes to the development of the European Union, by reducing disparities between regions, generating jobs and increasing GDP per capita. The current paper aims to highlight several accomplishments and failings of the current cohesion policy, with a particular focus on post-2007 Romania, as well as taking a look at the future policy, envisioned for 2021 - 2027. The cohesion fund is making investments in areas such as digital infrastructure, innovation, combating climate change, ecological transition, energy, health and others. The main criterion on which this kind of financing is made is GDP per capita; however, other criteria have been added as well: youth unemployment, level of education, climate change and likely, migrant integration, in the near future. The European Commission proposes that, for the next multiannual financial framework, namely 2021 - 2027, local authorities become more involved in managing E.U. funds, particularly cohesion funds. Several new elements have been identified, for this following time frame, which will contribute to the modernization of the cohesion policy; they include investments across all regions, making them more accessible to E.U. citizens, making it more adapted to regional development and linking it to the European semester.

scholarly journals Pomoc publiczna na szkolenia pracowników a konkurencyjność gospodarki Unii Europejskiej

2017 ◽  
pp. 159-173
Author(s):  
Piotr Podsiadło
Keyword(s):  
State Aid ◽  
Point Of View ◽  
Gdp Per Capita ◽  
The European Union ◽  
Skilled Workers ◽  
Member States ◽  
Eu Member States ◽  
Positive Externalities ◽  
Per Capita ◽  
The Eu

The paper discusses guidelines for implementation of art. 107-109 of the Treaty on the Functioning of the European Union, from the point of view of state aid for training. Training usually generates positive externalities for society as a whole, since it increases the pool of skilled workers from which other firms may draw, improves the competitiveness of the EU industry and plays an important role in the EU employment strategy. Statistical analysis was carried out on state aid granted by the EU Member States in the period 2001-2014 - from the perspective of its impact on competitiveness of these countries. This should lead to verification of thesis that the amount of state aid granted by the EU Member States for training, should positively correlate with the size of the GDP per capita of these countries

scholarly journals COMMENCEMENT OF NEGOTIATIONS AND A SIGNIFICANTLY INCREASED PRESENCE OF THE EU AS THE BASIS OF STABLE GROWTH AND DEVELOPMENT OF BOSNIA AND HERZEGOVINA

2018 ◽  
pp. 147-166
Keyword(s):  
European Union ◽  
Bosnia And Herzegovina ◽  
Socioeconomic Development ◽  
Eu Enlargement ◽  
Negotiation Process ◽  
Gdp Per Capita ◽  
The European Union ◽  
Per Capita ◽  
Slow Tempo ◽  
The Eu

It is important for Bosnia and Herzegovina, but also for the European Union, that the negotiation process begins as soon as possible. Real changes in the legal, administrative and political sense commence only with fulfilment of benchmarks for opening and closing of chapters. The negotiation process is also important for learning and progressing in the understanding of European policies which help to strengthen state institutions, democracy and openness to grow and result with stronger economic growth due to an increased level of trust and safety. It is important for the European Union that the country at the very heart of Europe, which belongs to Europe not only geographically, but also historicallyand in terms of tradition and culture becomes a part of it as soon as possible and also in terms of the standards it applies. In this paper we give an overview of recommendations that the European Commission has provided to Bosnia and Herzegovina since 2002, and it is precisely from the recommendations which are being repeated each year that the most important challenges which Bosnia and Herzegovina needs to solve are still visible. Rule of law, respecting human rights and rights of minorities, as well as the constitutionality of the three nations, in addition to a fast and efficient judicial system and the public sector as a whole are the key elements for fulfilling political, legal and administrative criteria. In terms of GDP per capita in PPS, B&H has been converging during the last ten years, however with a very slow tempo. Thereby in 2005 GDP per capita in PPS amounted to 24 % in relation to EU28, whereas during the last four years it amounted to 29%. At the moment B&H is significantly lagging behind even the least developed Member States and convergence towards the EU average is necessary because on the current level B&H could not equally participate in the EU Single Market, and accession would create more obstacles than advantages. The EU is expected to take a more active approach in solving the challenges of economic convergence of B&H, therefore in this paper is provided and overview of the priorities of the new EU Enlargement Strategy in which support to socioeconomic development is pointed out as one of the initiatives.

scholarly journals BULGARIA'S REAL CONVERGENCE IN THE CONTEXT OF POTENTIAL EMU MEMBERSHIP

2020 ◽  
Vol 1 ◽  
pp. 22-29
Author(s):  
Valentin Bilyanski ◽  
Silviya Kirova
Keyword(s):  
Labour Productivity ◽  
Gdp Per Capita ◽  
Banking Union ◽  
The European Union ◽  
Negative Consequences ◽  
Convergence Criteria ◽  
Policy Goals ◽  
Real Convergence ◽  
Per Capita ◽  
The Eu

Since the entry of Bulgaria into the European Union, the country's full membership in the Economic and Monetary Union has become one of the national economic policy goals. In the recent period Bulgaria fulfils all the nominal convergence criteria, except for the criterion on exchange rate stability as long as the country does not participate in the ERM II mechanism (although Bulgaria has a currency board arrangement in place since 1997 and the Bulgarian currency is pegged to the euro). Despite that, Bulgaria remains the EU member with the lowest level of GDP per capita and lowest productivity and income levels. In June 2018 the Bulgarian authorities submitted a letter of intent to the EU policy makers to join the ERM II mechanism and the banking union. In July 2020 the mutual agreement to include the Bulgarian lev in the ERM II mechanism and Bulgaria to join the banking union was achieved. In the context of the future full EMU membership it is important to assess the evolution and the state of Bulgaria's real convergence. This paper looks at the Bulgaria's real convergence, understood as the convergence of GDP per capita, labour productivity and convergence of price levels. We use the Beta and Sigma convergence methods and explore the convergence in the 1999-2018 period. We also compare Bulgaria's real convergence to the real convergence of other CEE countries that are EU members (Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia), part of which have already accepted the euro and the other part are still outside of the euroarea. We also try to explain the economic reasoning behind the EMU accession path of Bulgaria. The results of the survey show that Bulgaria lags behind in its convergence process from other CEE countries, but at the same time we believe that the benefits of the euroarea membership outweigh the possible negative consequences.

LATVIAN THEME PARK DEVELOPMENT IN KURZEME AND VIDZEME

2021 ◽  
Author(s):  
Baiba Rivza ◽  
Uldis Plumite
Keyword(s):  
Purchasing Power Parity ◽  
Rapid Development ◽  
Gdp Per Capita ◽  
The European Union ◽  
Theme Parks ◽  
Power Parity ◽  
National Economic ◽  
Per Capita ◽  
National Economic Policy ◽  
The Eu

The economy of Latvia is experiencing rapid development in the European Union and is an active participant of the United Nations and North Atlantic Treaty Organization. In recent years there have been several changes in both sectors and national economic policy. The total population in Latvia was estimated at 1.9 million inhabitants in 2019 and a total GDP per capita was 63% of the EU average, the lowest GDP per capita in purchasing power parity was recorded in Bulgaria - 46% of the EU average, Romania - 60% and Croatia - 62%. Lithuanian and Estonian GDP per capita in 2019 was accounted for 74% of the EU average. Latvia has more than 12 theme parks, but the amusement offer is small. Most of the theme parks are mostly located in Kurzeme and Vidzeme. Attraction Parks historically evolved near the big cities, where the infrastructure is highly developed. The aim is to increase the influx of tourists in regions where tourism products are amusement parks, thus developing more local businesses and the city's environment, increasing the demand for an active economic environment, but regional laws often hinder this development.

scholarly journals Renewable Energy in the Electricity Sector and GDP per Capita in the European Union

Energies ◽  
2019 ◽  
Vol 12 (13) ◽  
pp. 2520 ◽  
Author(s):  
Mihaela Simionescu ◽  
Yuriy Bilan ◽  
Emília Krajňáková ◽  
Dalia Streimikiene ◽  
Stanisław Gędek
Keyword(s):  
European Union ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
European Union Member State ◽  
Electricity Sector ◽  
Gdp Per Capita ◽  
Future Research ◽  
The European Union ◽  
Real Gdp Per Capita ◽  
Per Capita

Considering that the European Directive has imposed that at least 20% of the total energy should come from renewable energy sources (RES) by 2020 already and the specific targets for each European Union Member State, this paper attempts to assess the importance of GDP per capita in realizing these targets and also the effects of the RES share in electricity. Contrary to previous research, this paper does not consider the connection between economic growth and RES, but rather the potential connection between the share of RES in electricity and the real GDP per capita. The panel data models indicated to a positive, but very low impact of GDP per capita on the share of RES in electricity in the period of 2007–2017 in the case of the EU countries, except Luxembourg that has outlier values of GDP per capita. However, causality between the two variables was not identified. Some groups of countries were described according to these variables using cluster analysis. Future research should focus on the extension of this model by including other important variables such as RES potential available in the countries with specific geographical conditions.

scholarly journals Asymmetry of the economic development of cross-border areas in the European Union: assessment and typology

Europa XXI ◽  
2020 ◽  
Vol 39 ◽  
pp. 45-62
Author(s):  
Andrzej Jakubowski
Keyword(s):  
European Union ◽  
Economic Development ◽  
Gdp Per Capita ◽  
The European Union ◽  
Cross Border ◽  
Economic Sphere ◽  
Per Capita ◽  
Border Areas ◽  
The Eu ◽  
Spatially Differentiated

The article aims to characterise the phenomenon, determine the degree, and analyse the dynamics and directions of change in the level of asymmetry of economic development of cross-border areas in the European Union (EU) based on GDP per capita (PPP). It also aims to propose a typology of cross-border areas in the EU considering the above criteria. The obtained results show that despite a relatively evident reduction of the level of asymmetry of economic development in many cases in the period 1990-2015, and particularly after 2004, many cross-border areas show significant disparities in the economic sphere. Moreover, the dynamics of the observed transformations remain spatially differentiated.

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