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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