Evaluation of Beta-Convergence of Visegrad Four NUTS 2 Regions through Regression Model Cover Image

Hodnocení beta-konvergence regionů NUTS 2 Visegrádské čtyřky prostřednictvím regresního modelu
Evaluation of Beta-Convergence of Visegrad Four NUTS 2 Regions through Regression Model

Author(s): Jan Nevima, Lukáš Melecký
Subject(s): National Economy, Regional Geography, Economic development
Published by: Vysoká škola evropských a regionálních studií, z. ú.
Keywords: real convergence; Visegrad Four; NUTS 2; beta convergence; regression econometric model;

Summary/Abstract: The paper researches and analyzes the process of real convergence in the Visegrad countries at regional level NUTS 2. The theoretical background of the paper defines the methodological concept and definition of convergence, focusing on the concept of beta convergence, which is the case of unconditional (absolute) convergence. This approach is based on the neoclassical growth model. The empirical part of the article focuses on the analysis of beta convergence in NUTS 2 regions of the Visegrad Four countries in the reference period 1995–2006. Beta convergence is analyzed by nonlinear regression econometric model which is formulated in two variations based on the mathematical concept of deterministic convergence. To estimate both models, the indicator of gross domestic product per capita in constant prices was used.

  • Issue Year: 2012
  • Issue No: 1
  • Page Range: 58-66
  • Page Count: 9
  • Language: Czech