Integration, Regional Specialization and Growth Differentials in EU Acceding Countries: Evidence from Hungary



24 Anna Iara / Iulia Traistaru

Tab. A2.3: Correlations among the variables (cross-section models)

Y = 1/T ln (GDPCAPi,t+T/GDPCAPi,t) SPECG = 1/T ln (SPECi,t+T/SPECi,t)

Y

lnGDPCAP

lnFDI

SPECG

AGRIC

SERV

OPEN

Y______

1.0000

lnGDPCAP

0.5380

1.0000

lnFDI

0.6168

0.8055

1.000

SPECG

0.3501

0.0366

0.0450

1.0000

AGRIC

-0.3634

-0.2440

-0.2427

0.2257

1.0000

SERV

-0.0631

0.3911

0.3084

-0.1535

-0.5640

1.0000

OPEN

0.3088

0.1016

0.0549

-0.0038

0.0147

-0.1719

1.0000

Tab. A2.4: Testing for regional convergence (cross-section models)

Dependent variable: Average annual growth rate of regional real GDP per capita, Hungary, 1994-2000

(1)

(2)

(3)

(4)

LnGDPCAP

0.0538***
(0.0146)

0.0569***
(0.0134)

0.0415***
(0.0099)

0.0410***
(0.0111)

SPECG

0.2551***
(0.0515)

0.2841***
(0.0577)

0.2856***
(0.0629)

AGRIC

-0.3964***
(0.0726)

-0.3842***
(0.0720)

-0.3856***
(0.0757)

SERV

-0.1733***
(0.0439)

-0.1274***
(0.0412)

-0.1272**
(0.0453)

OPEN

0.040
(0.0234)

-0.0117

(0.0330)

BORDEU

0.0288***
(0.0093)

0.0311**
(0.0123)

Constant

-0.3108***
0.0879

-0.2144**
(0.0735)

-0.1369**
(0.0557)

-0.1306*
(0.0624)

R2         ~

0.2894

0.7548

0.8413

0.8427

adj. R2

0.2499

0.6673

0.7846

0.7702

N______

20

20

20

20

Estimations with White-corrected standard errors

*, **, *** significant at 10%, 5%, 1% levels; robust standard errors in parentheses



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