Economic growth modelling basedon the augmented solow-swan modelconsidering the special aspect Cover Image

Modelowanie wzrostu gospodarczego na podstawie rozszerzonego modelu Solowa-Swana z uwzględnieniem aspektu przestrzennego
Economic growth modelling basedon the augmented solow-swan modelconsidering the special aspect

Author(s): Michał Bernard Pietrzak, Beata Bal-Domańska
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: augmented Mankiw-Romer-Weil growth model; spatial econometrics; Central and Eastern European regions

Summary/Abstract: The objective of the article is to identify and evaluate spatial dependence in terms of economic determinants for the regions of Central and Eastern European countries (in accordance with Eurostat methodology NUTS-2 stands for the corresponding level) having applied the construction of an augmented, neoclassical Mankiw-Romer-Weil growth model. The study covered the period of three years: 2000, 2005 and 2010. The obtained results confirmed the significance of spatial dependence in the evaluation of relations combining growth factors and economic growth. The statistically significant impact, however, was observed only in case of the factor illustrating human capital.

  • Issue Year: 2014
  • Issue No: 331
  • Page Range: 11-18
  • Page Count: 8
  • Language: Polish