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- Title
A nemzetgazdasági konvergencia mozgatórugói az Európai Unióban.
- Authors
Krisztián, Kertész
- Abstract
The study reviews and compares the catching-up trend of 17 European Union member states over the last three decades. The economies of the less developed countries have grown faster, significantly reducing the development disparities within the European Union. Regression analysis shows that the pace of economic growth has been significantly faster in countries with a higher long-term average growth rate of investment. First of all, the increase in machinery and equipment investments, secondly, the increase in infrastructure and commercial real estate investments, and thirdly, the increase in investments in intellectual property products accelerated the convergences of incomes. However, the increase in investments in dwellings did not have any significant impact on the catching-up of GDP. Although not as significantly as in the case of investments, according to the regression analysis, due to imports of advanced technologies, the degree of the international openness of national economies has also been positively correlated with the country's catching-up rate. The catching-up was faster where the ratio of foreign trade volume to GDP, the share of foreign firms in GDP production, and the share of foreign firms in total employment was higher.
- Subjects
EUROPEAN Union; REAL estate investment; DEVELOPING countries; INTERNATIONAL trade; REGRESSION analysis; INTELLECTUAL property; GROWTH rate
- Publication
Economic Review / Kozgazdasagi Szemle, 2022, Vol 69, p962
- ISSN
0023-4346
- Publication type
Article
- DOI
10.18414/KSZ.2022.7-8.962