Regional GDP – Investment Nexus: Empirical Analysis through Classical Production Function

Authors

  • Assist. Prof. Dr Iva Raycheva Department of Statistics and Econometrics, Faculty of Applied Informatics and Statistics, UNWE Author
  • Assoc. Prof. Dr Venelin Boshnakov Department of Statistics and Econometrics, Faculty of Applied Informatics and Statistics, UNWE Author

Keywords:

Regional development, Investments, Production function, Bulgaria
C23, R11

Abstract

The paper presents selected results from empirical analysis of the interrelation between the regional levels of investment and GDP. Classical models of production functions are estimated after their double-log transformation into linear regression equations. Annual data for the years 2000-2015 measured at NUTS-3 regional level is utilized in respect of the district employment, GDP, and the regional investment measured by the expenditures on fixed assets acquisition.

References

JM Wooldridge (2010). Econometric analysis of cross section and panel data. Boston, MA: The MIT Press. URL: https://books.google.com/books?hl=en&lr=&id=hSs3AgAAQBAJ&oi=fnd&pg=PP1&dq=Econometric+Analysis+of+Cross-sectional+and+Panel+Data+Wooldridge&ots=VZSSku_XQw&sig=MIINBQDIg36jMC-FPaOFGOoUIMU

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Published

2018-05-22

Issue

No. 2 (2018)

Section

Articles

License

Copyright (c) 2018 Iva Raycheva, Venelin Boshnakov (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain copyright to their works.

All publications are distributed under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) license.

How to Cite

Raycheva, I., & Boshnakov, V. (2018). Regional GDP – Investment Nexus: Empirical Analysis through Classical Production Function. Research Papers, 2, 143-156. https://bjiep.e-dnrs.org/index.php/rp/article/view/5572