PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2017 | nr 47 Modelowanie danych panelowych : teoria i praktyka : VI Krajowa Konferencja | 43--64
Tytuł artykułu

The Role of Openness in Regional Economic Growth. The Case of Polish and Spanish NUTS-2 Regions

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
With the use panel data techniques, we estimate an empirical growth model for Polish and Spanish NUTS-2 regions - two similar-in-size European economies with the inferior initial level of development and at the same time major recipients of EU structural funds. The analysis is carried out for 16 Polish voivodeships and 19 NUTS-2 level municipalities, provinces and autonomous communities observed over the period 2000-2014. Within the joined group of regions, we observe a clear beta-absolute and sigma-convergence. Within countries, the evidence points to divergence. The level of regional sigma convergence is similar. Of particular interest to us is the assessment of the role of broadly defined economic openness in the process of regional economic growth. The initial analysis points to the bidirectional relationship. We then estimate a dynamic panel data model with the use of GMM due to non-stationary nature of the key variables. We control for potential interactions of openness with regional human capital endowments as well as other major determinants postulated by theoretical models. The obtained results are in line with theoretical predictions(original abstract)
Przy wykorzystaniu metod estymacji modeli panelowych w artykule szacujemy empiryczny model wzrostu polskich i hiszpańskich regionów poziomu NUTS-2, dwóch europejskich gospodarek o zbliżonej wielkości, niskim początkowym poziomie rozwoju, a jednocześnie głównych beneficjentów funduszy strukturalnych UE. Analizę przeprowadzono dla 16 województw Polski i 19 prowincji i wspólnot autonomicznych poziomu NUTS-2 Hiszpanii w latach 2000-2014. W połączonej grupie regionów obserwujemy wyraźną beta-konwergencję rozwojową i sigma-konwergencję, podczas gdy analizy w obrębie krajów wskazują na dywergencję rozwojową. Szczególnym celem artykułu jest zbadanie wpływu szeroko definiowanej otwartości na proces rozwoju regionalnego. Wstępna analiza przyczynowości między kluczowymi zmiennymi wskazuje na występowanie zależności dwukierunkowej. W kolejnym kroku szacujemy dynamiczny model panelowy za pomocą dwustopniowego estymatora uogólnionej metody momentów ze względu na niestacjonarny charakter kluczowych zmiennych. W procesie estymacji uwzględniamy potencjalne interakcje otwartości z regionalnymi zasobami kapitału ludzkiego oraz innymi ważnymi determinantami postulowanymi przez modele teoretyczne. Uzyskane wyniki są zgodne z podstawowymi postulatami teoretycznymi. (abstrakt oryginalny)
Twórcy
  • University of Gdansk, Poland
Bibliografia
  • Anwar S., Nguyen L. P. (2010), Foreign Direct Investment and Economic Growth in Vietnam, "Asia Pacific Business Review" 16 (1-2), 183-202.
  • Arellano M., O. Bover (1995), Another Look at the Instrumental Variable Estimation of Error-Components Models, "Journal of Econometrics" 68 (1), 29-51.
  • Barro R. J. (1991), Economic Growth in a Cross Section of Countries, "Quarterly Journal of Economics "106, 407-443.
  • Ben-David D., Loewy M. B. (2002), Trade and the Neoclassical Growth Model, "Journal of Economic Integration "18, 1-16.
  • Bils M., Klenow, P. J. (2000), Does Schooling Cause Growth?, "American Economic Review "90, 1160-1183.
  • Blundell R., Bond S. (1998), Initial Conditions and Moment Restrictions in Dynamic Panel Data Models, "Journal of Econometrics "87 (1), 115-143.
  • Boschma R. A., Fritsch M. (2009), Creative Class and Regional Growth: Empirical Evidence from Seven European Countries, "Economic Geography" 85 (4), 391-423.
  • Branstetter L. (2006), Is Foreign Direct Investment a Channel of Knowledge Spillovers? Evidence from Japan's FDI in the United States, "Journal of International Economics" 68 (2), 325-344.
  • Breinlich H., Ottaviano G. I., Temple J. R. (2013), Regional Growth and Regional Decline, CEP Discussion Paper 1232.
  • Brodzicki T. (2015), Shallow Determinants of Growth of Polish Regions. Empirical Analysis with Panel Data Methods, "Collegium of Economic Analysis Annals" 39, 25-40.
  • Careijo E. et al. (2006), Indicadores de Convergencia Real Para los Países Avanzados, Estudios de la Fundación, FUNCAS, Madrid.
  • Charron N. et al. (2016), The Quality of Government EU Regional Dataset, version September 2016, University of Gothenburg: The Quality of Government Institute, http://www.qog.pol.gu.se.
  • Cieślik A., Rokicki B. (2010), Wpływ inwestycji drogowych na rozwój polskich regionów,w: Jóźwik B., Zalewa P. (red.), Spójność ekonomiczno-społeczna regionów Unii Europejskiej, Wydawnictwo KUL, Lublin.
  • Coe D. T., Helpman E. (1995), International R&D Spillovers," European Economic Review" 39 (5), 859-887.
  • Crescenzi R., Rodriguez-Pose A. (2008), Infrastructure Endowment and Investment as Determinants of Regional Growth in the European Union, European Investment Bank Papers 132.
  • Dollar D. (1992), Outward-oriented Developing Economies Really To Grow More Rapidly: Evidence from 95 LDCs, 1976-1985, "Economic Development and Cultural Change", 523-544.
  • Doppelhofer G., Miller R. I., Sala-i-Martin X. (2000), Determinants of Long-term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach, NBER Working Paper W7750.
  • Dumitrescu E.-I., Hurlin C. (2012), Testing for Granger Non-causality in Heterogeneous Panels, "Economic Modelling "29 (4), 1450-1460.
  • Easterly W. et al. (1993), Good Policy or Good Luck?, Journal of Monetary Economics 32 (3), 459-483.
  • Edwards S. (1998), Openness, Productivity and Growth: What Do We Really Know?, "The Economic Journal" 108, 383-398.
  • Felice E., Vecchi G. (2015), Italy's Modern Economic Growth, 1861-2011, "Enterprise & Society" 16 (2), 225-248.
  • Frankel J., Romer D. (1996), Trade and Growth: An Empirical Investigation, NBER Working Paper 5476/1996.
  • Frankel J., Romer D. (1999), Does Trade Cause Growth?," American Economic Review" 89 (3), 379-399.
  • Fujita M. et al. (1999), The Spatial Economy: Cities, Regions and International Trade, MIT Press, Cambridge, MA.
  • Gallup J. L., Sachs J. D., Mellinger A. D. (1999), Geography and Economic Development, "International Regional Science Review" 22 (2), 179-232.
  • Granger C. W. (1969), Investigating Causal Relations by Econometric Models and Cross-spectral Methods, "Econometrica" 37 (3), 424-438.
  • Grossman G. M., Helpman E. (1991), Innovation and Growth in the Global Economy, MIT Press, Cambridge, MA.
  • Grossman G. M., Helpman E. (1992), Innovation and Growth: Technological Competition in the Global Economy, MIT Press, Boston.
  • Hansen J. D., Zhang J. (1996), A Kaldorian Approach to Regional Economic Growth in China, "Applied Economics" 28 (6), 679-685.
  • Hanson, G. (1996), Localization Economies, Vertical Organization and Trade, "American Economic Review" 86 (5), 1266-1278.
  • Im K. S., Pesaran M., Shin Y. (2003), Testing for Unit Roots in Heterogeneous Panels, "Journal of Econometrics "115, 53-74.
  • Irwin D., Tervio M. (2002), Does Trade Raise Income? Evidence from the Twentieth Century," Journal of International Economics" 58, 1-18.
  • Kanbur R., Venables A. (2005), Rising Spatial Disparities and Development, UNI-WIDER Policy Brief 3.
  • Lee J. W. (1993), International Trade Distortions and Long-run Growth, IMF Staff Papers 40 (2), 299-328.
  • Leong C. K. (2013), Special Economic Zones and Growth in China and India: An Empirical Investigation, "International Economics and Economic Policy "10 (4), 549-567.
  • Levine R., Renelt D. (1992), A Sensitivity Analysis of Cross-country Growth Regressions, "American Economic Review" 82, 942-963.
  • Liu X., Song H., Romilly P. (1997), An Empirical Investigation of the Causal Relationship between Openness and Economic Growth in China," Applied Economics" (12), 1679-1686.
  • Lucas, R. E., On the Mechanics of Economic Development," Journal of Monetary Economics" 22 (1), 3-42.
  • Mankiw G., Romer D., Weil D. (1992), A Contribution to the Empirics of Economic Growth, "Quarterly Journal of Economics" 107 (2), 407-437.
  • Rivera-Batiz L., Romer P. M. (1991), Economic Integration and Endogenous Growth, "Quarterly Journal of Economics "106 (2), 531-555.
  • Rodrik D. (2003), Institutions, Integration and Geography: In Search of the Deep Determinants of Economic Growth, w: Search for Prosperity: Analytic Narratives on Economic Growth, Princeton University Press, Princeton.
  • Romalis J. (2007), Market Access, Openness and Growth, NBER Working Paper W13048.
  • Romer P. M. (1986), Increasing Returns and Long-run Growth, "Journal of Political Economy" 94, 1002-1037.
  • Romer P. M. (1990), Endogenous Technological Change, "Journal of Political Economy"98 (5), 71-102.
  • Sachs J. D., Warner A. (1995), Economic Convergence and Economic Policies, NBER Working Paper 5039.
  • Sachs J. D., Bajpai N., Ramiah A. (2002), Understanding regional economic growth in India, "Asian Economic Papers" 1 (3), 32-62.
  • Serra M. I. et al. (2006), Regional convergence in Latin America, IMF Working Paper no. 06/125/2006.
  • Solow R. (1956), A Contribution to the Theory of Economic Growth, "Quarterly Journal of Economics" 70 (1), 65-94.
  • Solow R. (1957), Technical Change and the Aggregate Production Function, "Review of Economics and Statistics "39, 312-320.
  • Sun H. et al. (1999), Economic Openness and Technical Efficiency: A Case Study of Chinese Manufacturing Industries, "Economics of Transition "7 (3), 615-636.
  • Swan T. (1956), Economic Growth and Capital Accumulation," Economic Record" 32, 334-361.
  • Vamvakidis A. (1999), Regional Trade Agreements or Broad Liberalization: Which Path Leads to Faster Growth?, IMF Staff Papers 46 (1), 42-68.
  • Vamvakidis A. (2002), How Robust is the Growth-Openness Connection? Historical Evidence, "Journal of Economic Growth" 7, 57-80.
  • Wacziarg R., Welch K. H. (2003), Trade Liberalization and Growth: New Evidence, Research Paper 1826.
  • Wei K., Yao S., Liu A. (2009), Foreign Direct Investment and Regional Inequality in China, "Review of Development Economics" 13 (4), 778-791.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171499058

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.