Preliminary communication

https://doi.org/10.18045/zbefri.2016.1.161

The influence of economic growth on regional disparities: Empirical evidence from OECD

Saša Obradović orcid.org/0000-0001-9918-7271 ; Faculty of Economics, University of Kragujevac, Kragujevac, Serbia
Nemanja Lojanica orcid.org/0000-0003-1460-8466 ; Faculty of Economics, University of Kragujevac, Kragujevac, Serbia
Olivera Janković ; Faculty of Economics, University of Kragujevac, Kragujevac, Serbia

Abstract

In the context of growing regional disparities which exist both in developed and
developing countries, the primary goal of this paper is to examine the influence of
total economic activities on regional disparities. In the research panel sample of
the selected OECD countries has been used with the data for the time period from
2000 to 2011. The empirical analysis reveals that there is a long-term relationship
between the variables, that economic growth and regional disparities move in the
same direction and that the impact of economic growth on regional disparities is
statistically significant. Consequently, in order to reduce regional disparities, it is
necessary to increase the share of less developed regions in the total output. In this
matter, it should be helpful to adequately coordinate policies about regional
development from all levels of governance.

Keywords

Regional disparities; economic growth; panel sample; OECD countries

Hrčak ID:

160965

URI

https://hrcak.srce.hr/160965

Publication date:

27.6.2016.

Article data in other languages: croatian

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