REGIONAL GROWTH DETERMINANTS IN UKRAINE: PANEL DATA ESTIMATES

Authors

  • Victor Shevchuk Cracow University of Technology, Institute of Economics, Sociology and Philosophy.

Keywords:

Ukraine, regional growth, conditional convergence, regression models.

Abstract

In this paper, determinants of real regional per capita growth were estimated using a balanced panel data set consisting of 26 Ukrainian regions for the period from 2002 to 2012. The Arellano-Bond dynamic panel data estimation technique was applied.

Among the traditional factors of economic growth, positive effects of investments in physical capital and population growth (for the high-income regions only) were found. Higher inflation and a larger share of rural population are negative regional growth factors, while the depreciation of the real exchange rate and increase in the export of goods has an opposite pro-growth impact. As suggested by the lagged level of the output coefficients, conditional convergence is faster among the high-income regions. The results are robust to the choice of estimators and regression model specifications.

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Published

2015-05-18

How to Cite

Shevchuk, V. (2015). REGIONAL GROWTH DETERMINANTS IN UKRAINE: PANEL DATA ESTIMATES. Acta Universitatis Lodziensis. Folia Oeconomica, 5(307). Retrieved from https://czasopisma.uni.lodz.pl/foe/article/view/298

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Section

Regional econometrics

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