Integration, Regional Specialization and Growth Differentials in EU Acceding Countries
23
A2. Estimation Results
Tab. A2.1: Correlations among the variables (panel models)
Y = ln (GDPCAPi, t+1/GDPCAPi,t)
Y |
lnSPEC |
AGRIC |
SERV |
lnFDI |
OPEN |
BORDEU | |
Y_____ |
1.0000 | ||||||
lnSPEC |
0.1302 |
1.0000 | |||||
AGRIC |
-0.2982 |
0.4015 |
1.0000 | ||||
SERV |
-0.0888 |
-0.3693 |
-0.4839 |
1.0000 | |||
lnFDI |
0.3596 |
-0.0700 |
-0.3526 |
0.2113 |
1.0000 | ||
OPEN |
0.3189 |
0.3739 |
-0.0409 |
-0.3771 |
0.2384 |
1.0000 |
Tab. A2.2: Regional manufacturing specialization and growth (panel models)
Dependent variable: Annual growth rate of regional real GDP per capita, Hungary, 1994-
2000
(1) |
(2) |
(3) |
(4) |
(5) |
(6) | |
LnFDI |
0.0177*** |
0.0165*** |
0.0163*** |
0.0165*** |
0.0386 |
0.0036 |
LnSPEC |
0.0548** |
0.0477 (0.0289) |
0.0475 |
0.0474* (0.0263) |
0.0798 |
0.0767 (0.0550) |
AGRIC |
-0.5239*** |
-0.4920*** |
-0.4911*** |
-0.4686*** |
-1.2243** |
-0.5511 (0.6574) |
SERV |
-0.1402*** |
-0.1212** |
-0.1199** |
-0.1287*** |
0.0000 |
-0.0411 (0.1121) |
OPEN |
0.0215 |
0.0204 |
0.0122 |
-0.0507 (0.0755) |
-0.0827 (0.0708) | |
BORDEU |
0.0014 | |||||
Time |
No |
No |
No |
Yes |
No |
Yes |
Regional |
No |
No |
No |
No |
Yes |
Yes |
Constant |
0.2233*** |
0.1913*** |
0.1906** | |||
R2 |
0.2787 |
0.2828 |
0.2829 |
0.4425 |
0.3511 |
0.5046 |
adj. R2 |
0.2536 |
0.2514 |
0.2448 |
0.3913 |
0.1872 |
0.3450 |
N______ |
120 |
120 |
120 |
120 |
120 |
120 |
F |
F(6,109) |
F(19,95) |
F(5,90) |
Estimations with White-corrected standard errors
*, **, *** significant at 10%, 5%, 1% levels; robust standard errors in parentheses