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

Зависимост на регионалния БВП от инвестициите: емпиричен анализ чрез класическа производствена функция
Regional GDP – Investment Nexus: Empirical Analysis through Classical Production Function

Author(s): Venelin Boshnakov, Iva Raycheva
Subject(s): Economy, Social development, Family and social welfare
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: production function; investments; regional development; Bulgaria.

Summary/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 areestimated after their double-log transformation into linear regression equations. Annualdata for the years 2000-2015 measured at NUTS-3 regional level is utilized in respect ofthe district employment, GDP, and the regional investment measured by the expenditures on fixed assets acquisition.

  • Issue Year: 2/2018
  • Issue No: 2
  • Page Range: 143-156
  • Page Count: 14
  • Language: Bulgarian